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Why Charles Schwab’s CEO strives for “less revenue per dollar.”

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Content provided by Marketplace. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marketplace or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

At the dawn of the financial crisis, Walt Bettinger took over as president and CEO of Charles Schwab from the company’s founder and namesake. “It was an intense period. At that point in time, your actions weren’t likely to change the trajectory of your company,” Bettinger said. But under his leadership, he did change one of America’s largest banks, taking it to an even larger scale. With millions of new accounts holding trillions of dollars, the company has seen record growth and earnings. He sat down with us to explain why, despite this growth, his company makes less profit off every dollar invested than its competitors — and why he takes pride in that.

  continue reading

132 episodes

Artwork
iconShare
 
Manage episode 220112666 series 1318971
Content provided by Marketplace. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marketplace or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

At the dawn of the financial crisis, Walt Bettinger took over as president and CEO of Charles Schwab from the company’s founder and namesake. “It was an intense period. At that point in time, your actions weren’t likely to change the trajectory of your company,” Bettinger said. But under his leadership, he did change one of America’s largest banks, taking it to an even larger scale. With millions of new accounts holding trillions of dollars, the company has seen record growth and earnings. He sat down with us to explain why, despite this growth, his company makes less profit off every dollar invested than its competitors — and why he takes pride in that.

  continue reading

132 episodes

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