Posted by on Jul 13, 2019 in Articles & Advice, Blog, Books, Featured, Radio & Podcasts, Tooting Own Horn |

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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For further reading:


Benjamin Graham, The Intelligent Investor

Jason Zweig, The Devil’s Financial Dictionary

Jason Zweig, Your Money and Your Brain

Jason Zweig, The Little Book of Safe Money

Articles and other research:

Advisers at Leading Discount Brokers Win Bonuses to Push Higher-Priced Products

Massachusetts Seeks Sales-Practice Information From Discount Brokers

Free Trips Under Fire: SEC Wants Your Broker To Work For You

On Fiduciary Duty