Walter W. Bettinger II is the President and CEO of Charles Schwab Corporation since 2008, having joined the firm in 1995. His career at Schwab has seen him traverse through several roles, including Chief Operating Officer, which laid the groundwork...
Walter W. Bettinger II is the President and CEO of Charles Schwab Corporation since 2008, having joined the firm in 1995. His career at Schwab has seen him traverse through several roles, including Chief Operating Officer, which laid the groundwork for his leadership today. Bettinger holds over 827,000 shares in Schwab, valued at more than $52 million as of 2024, showcasing his strong personal investment in the company's success. In 2023, he earned approximately $5.8 million, which included a bonus tied to the company's performance against specific goals. His leadership has been marked by a focus on financial performance and shareholder value, pushing for a structure where pay is linked to the company's results. Interesting to note, under his guidance, Schwab has achieved a massive $8.1 trillion in client assets. Bettinger’s journey from an employee to CEO shows his dedication and strategic foresight in navigating Schwab's growth, especially during significant market changes like the COVID-19 pandemic and corporate integrations like TD Ameritrade.