Word: schwab
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...stumped some major would-be players. For example, Azurix, a water-retailing company and a subsidiary of the energy multinational Enron, is struggling. "Enron thought it could use its expertise as a commodity trader to market water like energy," says Debra Coy, a water analyst with Charles Schwab. "But water is more complex politically...
...tailored to a customer's investment goals and assets. But this long-awaited cybersuitability rule doesn't mean that do-it-yourself investors who sign up for a stock picker's e-mail alerts can start blaming the messenger. "The customer is setting the parameters, not us," says Schwab spokesman Glen Mathison...
...dawn of the 20th century, there's no doubt about the Edenic promise of California to generation after generation of Americans. To the gold seekers of 1850 no less than to the desperate migrant Okies of the Depression, to the wannabe actress on the bar stool in Schwab's as to the migrant lettuce pickers from Mexico and the Jewish kid getting into the nickelodeon business, California signified hope, plenty, release and transcendence. It was the New World's New World. "That's why I can hardly wait/ Come on and open up that Golden Gate/ California, here I come...
Just ask Charles Schwab. Since November, the online broker has been trying to find ways to trim costs but not staff in the wake of last quarter's 27% drop in earnings. In late November, the company announced a hiring freeze, followed by discretionary spending controls and salary reductions--50% for co-CEOs and 5% to 20% for more than 700 managers. Then in mid-January, Schwab said it would pay first-quarter bonuses in stock, not cash. And just last week, the company told roughly half its 2,600 "nonessential" employees--those not involved in customer support--to take...
...obviously a smart man, Shannon--not just because, as your Schwab commercial tells us, you know how to calculate a P/E ratio. You also know that the American public has no idea what it wants out of the Big Game...