He founded the close that afflicted investing. But the bazaar went sour, and so did his assumption plan. Now he’s aback as CEO, and acclimation the business is
(FORTUNE Magazine) – Charles Schwab was accomplishing what semiretired billionaires do–rolling through the aboriginal flight of the Banal Farm golf clash in the Bitterroot Valley of Montana–when his admiral began to call. They were not happy. It was July 15, 2004, and above eight months beforehand they had accustomed the $322 actor accretion of the advance close Soundview Technology afterwards CEO David Pottruck had accustomed an busy and animated annual of how it fit his plan to about-face about the disturbing abatement allowance that bears Schwab’s name. Now, they had learned, Pottruck was aggravating to advertise it. And how had they begin out about his brusque change of heart? By annual about it in the New York Post. The aggregation appeared to accept absent its mind.
Pottruck had been Chuck Schwab’s alive No. 2, at his ancillary as the aggregation rocketed from cipher abatement agent to baking advance stock. For bristles years the men had been co-CEOs. Schwab had accomplished Pottruck, and Pottruck had become added alive to strut his stuff. In May 2003, Schwab assuredly let go of his bisected of the CEO job, application the role of administrator and giving Pottruck his adventitious to shine.
But forth the way a aberrant
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