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Charles Schwab & Co. may skip out of San Francisco entirely with Google, Facebook and Salesforce driving rents and talent costs sky high

Chuck Schwab sounded off by blaming taxes but then admitted free-market forces may push the headquarters back toward Colorado and Texas

Author Brooke Southall June 24, 2019 at 8:07 PM
Admin:
no description available
Chuck Schwab: I’m not sure [we’ll stay] … we’ll continue looking at that as a possibility.

Diane Portuesi

Diane Portuesi

June 26, 2019 — 3:40 AM
I never knew they are based in San Francisco. Now that I do I may find it necessary to change investment companies...
Smith

Smith

June 30, 2019 — 7:55 PM
Against San Francisco? Why on Earth?
Mike

Mike

November 29, 2019 — 7:46 AM
Google has been sinking a lot of money into their campuses around Omaha lately. Nebraska and Nebraska Omaha have first rate innovative tech classes, largely funded by google. Pair this with the tax incentives, Midwest work ethic, cheaper licensed staff of TD already in place. Omaha's TD Ameritrade Headquarters, with their state of the art green campus may be just the thing Schwab is looking for.

Related Moves

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

A canary in the coal mine, Amy Richardson left Charles Schwab & Co. for an RIA -- before the 2,000 layoffs -- now a robust job market is saving the Schwab diaspora, she says

The former Schwab director wants former colleagues to know life exists after Schwab and good job opportunities are plentiful in the financial services sector.

December 20, 2023 at 1:52 AM

Biz Briefs: The sorry scene at my local First Republic branch • Schwab launches new (smaller) lay-off round • Schwab hoovers pennies passing FINRA fee to clients • Gensler pleas for funds • Fidelity owner's private equity pres. retires • an Orion-Envestnet staff switcheroo • LPL dumps FutureAdvisor

Range Rovers screeched in and drivers joined a grim queue to get their cash, and cookie • The Schwab-TDA deal cull count now stands at roughly 3.5% of its staff • FMR's hockey star president has stepped down • SEC chief wants more enforcers • An Envestnet executive proves joining a rival is good business • LPL now has an in-house robot.

April 29, 2023 at 1:36 AM

Charles 'Chuck Schwab' called James Gorman to protest a two-broker poach, kicking off a hydra-headed legal battle, costing Morgan Stanley millions, so far

The Schwab founder and chairman invoked Charles Schwab Corp.'s zero-tolerance policy against Wall Street -- or RIA -- poaching of talent and AUM from Schwab branches.

March 9, 2023 at 1:23 AM

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