Brokerage Firm Pays Top Dollar to Safeguard CEO
Interesting article over at the Insurance Journal today, which states that brokerage firm, The Charles Schwab Corp., has paid $2.68 million to protect founder and CEO Charles Schwab since 2003—quite literally.
The "protection" includes security systems and equipment, this according to a proxy which was filed this week with the Securities and Exchange Commission.
According to said proxy, the security services were implemented at the recommendation of a third-party consulting firm in 2002, "as part of the company's business protection plans." The proxy goes on to state that the heightened security is not maintained for the personal benefit of Schwab, which is good to hear. There's nothing worse than folks throwing money at bodyguards and security systems just for show.
While the article itself is (I guess) interesting, I'm more interested in the comments readers have posted in response to the article. Because, as "Curious" points out, this article really contradicts all those new "Talk to Chuck" ads:
"How are you supposed to 'Talk to Chuck' when he has all that security to keep people away?"
Well done, Curious.







