Charles Schwab

Paper Summary:

The paper explores the history of Charles Schwab financial services company, one of the largest of its kind in the United States. The paper covers areas such as the company's change in business model to incorporate the use of technology in investment, the technology used by the company and its current position in the financial market.

From the Paper:

"This year, George Bush, the president of the United States, listened to a recommendation by Charles Schwab called the "man who revolutionized the financial markets in the 1990s." Schwab suggested that capital gains taxes be cut to help investors (Moore). Schwab said that investors are not panicking, they are just more cautious during the recession in 2002 (Moore). The company, however, had to lay off between 11 and 13 percent of its employees due to a declining economy and the lack of trades. Charles Schwab also reported that it will cutback the capacity on its computer system."

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