NEW YORK (Reuters) – Charles Schwab, Chairman and founder of Charles Schwab Corp (IN SCHWABEN. N), is recovering from heart valve replacement Surgery success, the largest U.S. discount brokerage said on Monday.
73, is positioned comfortably after surgery on Friday and is expected to return home in the next few days, the Director Walter Bettinger said in a statement.
Matt Hurwitz, a spokesman for the company, had no further comment.
Charles Schwab is a pioneer in the brokerage industry discount, which gives small investors direct access to Wall Street from lower rates than full-service brokerages.
He was President of Schwab, since the company was formed in 1986, and his influence is reflected in the advertising slogan "Talk to Chuck", started in 2005.
Discount brokerages usually are executing orders on behalf of investors that decide for themselves what to buy and sell.
Second site of Schwab, Charles Schwab started the company headquartered in San Francisco as a traditional mediation in 1971 and subscribers to broker discount three years later.
He returned as a single Chief Executive in 2004, replacing David Pottruck, to restore investor confidence after the company's profit, revenue and stock price dropped. Bettinger succeeded Schwab as CEO in 2008.
Charles Schwab is American 83rd-rich, worth $ 3.7 billion, Forbes magazine said in September.
Schwab said that ended November with $ 1.51 trillions of client assets, up to 8 percent over the previous year and accounts active brokerage 7.95 million. Has more than 300 offices.
Actions of Schwab rose 10 cents to $ 17.12 morning trading on the New York Stock Exchange.
(Reporting by Jonathan Stempel. Editing Robert MacMillan)
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