Jill On Money With Jill Schlesinger

This week we have a financial icon in-studio as Charles Schwab pays us a visit. Yes, that Charles Schwab, the founder of The Charles Schwab Corporation. In his just released personal memoir, Invested: Changing Forever the Way Americans Invest, Schwab describes his passion to have Main Street participate in the growing economy as investors and owners, not only earners. Schwab opens up about the challenges he faced while starting his fledgling company in the 1970s.  A year into his grand experiment in discounted stock trading, he carried a six-figure debt and a pocketful of personal loans. As it turned out, customers flocked to Schwab, leaving his small team scrambling with scarce resources and no road map to manage the company’s growth. He recounts the company’s game-changing sale to Bank of America, and how, in the end, the merger almost doomed his organization. We learn about the clever and timely leveraged buyout he crafted to regain independence. A remarkable story of a company succeeding by challenging no