Return of the king
Can the founder fix the firm?
FOR a troubled company, what likelier saviour could there be than the man who built it? Fed up with falling margins and market share, the board of Charles Schwab, one of America's largest discount brokerages, ousted David Pottruck, the chief executive, on July 20th. His replacement will be none other than Charles Schwab, the firm's 66-year-old founder.
This article appeared in the Finance & economics section of the print edition under the headline “Return of the king”
From the July 24th 2004 edition
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