Image Credit: Carrie Helen Thomas Dranga, “Kaneohe Bay, Oahu” (Wikimedia Commons)
By Anne Tergesen and Jason Zweig | July 12, 2019 7:56 pm ET
Charles Schwab Corp. is scaling back a sales-incentive program designed to reward its top employees with all-expenses-paid trips.
In an email to its staff Friday, the discount brokerage and investment firm said that rather than take members of its Chairman’s Club to Hawaii next spring, Schwab will pay $5,000 after taxes and give them a paid week off.
The program has been running for over 30 years, and the change will save money, according to the email. A Schwab spokesman declined to elaborate on how much….
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