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Why the whiff of another delay of Schwab's ETF-only 401(k) plan is drawing so much attention

As one snag follows another, the pressure builds on a signature Walt Bettinger effort, but some insiders call Schwab's pace and patience justified, even laudable

Author Lisa Shidler October 8, 2013 at 5:33 AM
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Walt Bettinger: We expect that's a long-term play.

401(k) Stories



Stephen Winks

Stephen Winks

October 8, 2013 — 8:00 PM

This may be too obvious, but why wouldn’t an enterprising large scale competitor simply utilize proven Invest-N-Retire technology and preempt Schwab by being first to market with the resources to fully capitalize on the opportunity.

The rationale seems sound, why isn’t there more attentiveness to competitive market position.

We are discovering who the good athletes are and who has been peddling down hill.


Related Moves

September 8, 2023 at 11:58 PM

Chuck Schwab reveals Part B, doubling-down on Walt Bettinger by making him co-chair, a day after Part A -- wagering $15 billion from the Schwab corporate treasury on the CEO's future leadership

The 84 year-old founder's elevation of his 61-year-old protege may foretell bigger fireworks from Rick Wurster who recently took over many of Bettinger's CEO duties, one executive recruiter says.

July 30, 2022 at 12:41 AM

Walt Bettinger sheds 'president' title and Bernie Clark gets new boss as Schwab appoints Rick Wurster as president and No. 2 in charge

The Schwab CEO gets 2016 'Windhaven' hire to share burden of governance from enormity of $8-trillion post-TDA, post-USAA, post-Motif growth.

December 20, 2021 at 11:59 PM

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