In 1983 he sold his discount brokerage company to Bankamerica & in 1987 he bought it back again
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Charles Schwab - Entrepreneur  By turning his back on stodgy Wall Street conventions, he blazed his own ... pioneered the discount brokerage industry and transformed a struggling firm ... To remedy this, Schwab agreed to sell his company to Bank of America (B of ... In an unprecedented move, he repurchased his firm from B of A for $230 million in 1987.
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Charles Schwab Corp facts, information, pictures | Encyclopedia ...  He and two partners created a stock mutual fund that soon had $20 million in assets. ... This opened the door to discount brokers, who took orders to buy and sell ... During his first few years as a discount broker, Schwab had to contend with bad ... of investors bought the company back from Bank of America for $238 million.
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Schwab again says that it's not for sale - The Boston Globe  Jul 8, 2005 ... Charles Schwab Corp. reiterated it's not for sale after the company's ... as investors bet the discount stock brokerage pioneer would be swept up in a wave of takeovers. ... he sold the brokerage to Bank of America for $57 million in 1983. ... other managers bought back the brokerage for $230 million in 1987.
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BANK AMERICA IS SELLING SCHWAB UNIT TO FOUNDER ...  Published: February 3, 1987 ... Mr. Schwab had made his desire to reacquire his company known for some time, and ... Separately, the bank said it had agreed to sell its British mortgage ... credibility to his firm and the whole discount brokerage business, Mr. ... He said the company would not initiate any investment banking...
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The Charles Schwab Corporation - Company Profile, Information ...  He and two partners created a stock mutual fund that soon had $20 million in assets. ... During his first few years as a discount broker, Schwab had to contend with bad ... Finally, in 1983, Schwab arranged for San Francisco's BankAmerica ... In 1987 Charles Schwab and a group of investors bought the company back from...
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Jeff Bezos just sold a boatload of Amazon stock - Yahoo Finance  Aug 4, 2016 ... Tech; Market Data ... In his most valuable stock sale ever, the Amazon founder and CEO sold about 1 million shares of his company this week. ... The sale itself is routine  Bezos sells a huge number of shares every year on a ... Donald Trump: Deals Like AT&T-Time Warner Merger 'Destroy Democracy'.
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JEOPARDY! Game - March 18, 2004  (9) In the 1970s this Stanford MBA founded what would become one of the nation's largest discount brokerages. $1600 - Steve. (15) His novels include "Beach...
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Spoiler Talk: CotD (Fri)  Fikkle Fame  2 days ago ... $200: Need refills for your Swingline? Head to this chain founded by Thomas Stemberg in 1985 $400: This pair has been selling books in...
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Schwarzenegger Built a Vast Business Empire - latimes  Aug 10, 2003 ... Some three decades back, young Arnold Schwarzenegger and a ... Since then, Schwarzenegger has indeed bought a lot, a bounty ... Warren Buffett -- The last name of investor Warren Buffett, financial ... ties after the restaurant chain's Chapter 11 reorganization -- toward quieter but far richer investments.
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Investment Banks & Brokers - Business History  1892 - Edward Brinton Smith, railroad and utility banker, founded Edward B. Smith ... $227 million for Merrill Lynch, Pierce, Fenner & Smith; 1981- acquired by ... and Laurence Curtis opened brokerage office on Congress Street in Boston, MA; ..... Goldman has right to buy back shares at any time for 10% premium; received...
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Charles Keating and the Lessons of the Savings and Loan Crisis  Apr 2, 2014 ... On Wednesday, Charles H. Keating Jr., one of the most notorious ... American Continental went bankrupt and Lincoln Continental was ... This was the largest bank failure of the savings and loan (S&L) crisis of the 1980s and 1990s .... Dozens of Haitian Men Held at New Mexico Detention Center - KVIA...
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jeopardy/1340_Qs.txt at master  jedoublen/jeopardy  GitHub  BUSINESS LEADERS | In 1975 he launched what was regarded as the "Kmart of the stock brokerage industry" | Charles Schwab. right: Jane. Wrong:.
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Big Shots - The New York Review of Books  May 12, 1988 ... Merger Mania: Arbitrage, Wall Street's Best Kept Money-Making Secret .... this presentation, as it perhaps may be called, is that back in 1985 in New ... Fortune reviewed Mr. Trump's book and, after noting that he is not really...
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Good and Bad Fathers as Moral Rhetoric in Wall Street - The Men's ...  Oliver Stone's Wall Street opened in December of 1987, just seven weeks after the. Black Monday ... stockbroker and inspiration for the film, passed away. ... icated the film to his father and cast his own toddler son in the film. Both at the .... 1987, 'Wall Street' has been required viewing for anyone working in finance. But as.
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5 Awesome Old-School TV Ads for Financial Service Companies ...  Mar 20, 2015 ... The brokerage firm E.F. Hutton was gobbled up in a series of mergers ... To show that Merrill Lynch is bullish on America, we see (what else?) a...
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History of SunAmerica Inc.  FundingUniverse  SunAmerica began as a subsidiary of a house building company that sought to ... Over time, SunAmerica evolved from a general life insurance provider to a ... joined with Detroit-area builder Donald Kaufman to form a housing construction firm. ... which provided funds for mortgages for buyers of Kaufman and Broad homes.
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JOE AND TERESA LONG: Hard Work Writes a Success Story  "Because," says Joe, who was president and owner of First State Bank for many years, ... history, and one of the largest individual gifts to the arts ever given in Texas? ... they acquired seven of those that did, combining all of these in 1989 under the ... He sold to Norwest Corporation in 1998, but in typical Joe Long fashion,...
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Wall Street (1987) - IMDb  Crime  A young and impatient stockbroker is willing to do anything to get to the top, including ... 10 mundane, yet brilliant, movie villains ... Charlie Sheen and Daryl Hannah in Wall Street (1987) Michael Douglas and Charlie ..... Sound Mix: ... "greed-is-good" mantra, Gordon Gekko may by one of the all-time great film roles.
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Reebok Agrees to Buy Its Fast-Growing Rival Avia for $180 Million ...  March 11, 1987|MARTHA GROVES | Times Staff Writer ... maker of walking and casual shoes, Reebok said the Avia purchase would position the company ... and that Fireman, 43, might have been motivated by a desire to remove a competitor. ... The companies said they expect the deal to be wrapped up by the end of April.
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History of The Charles Schwab Corporation  FundingUniverse  On May 1, 1975, the U.S. Congress deregulated the stock brokerage industry by taking ... advice or do research the way larger, established brokers such as Merrill Lynch did. ... During his first few years as a discount broker, Schwab had to contend with bad ... By 1980 Schwab was by far the largest discounter in the country.
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A Tight Squeeze at Video Stores - NYTimes.com  May 1, 1988 ... When he opened his video rental store in 1984, migrating from the ... The number of stores has leveled off, and chains are increasingly ... Once retailers focused on rental, almost everyone had phenomenal success. .... Moreover, Mr. Savage tries hard to offer a selection that a true movie-goer will enjoy.