Did new Schwab CEO try to stiff ex-wife?
The Charles Schwab Corporation has predictably named its president, Walt Bettinger, to succeed its eponymous founder as CEO. Bettinger, like Schwab, is a scrappy entrepreneur, or so the canned corporate biography has it; he founded a company at the age of 22, which Schwab later bought. Not mentioned in Bettinger's bio: A court case involving a Walter W. Bettinger II and Laura Bettinger. In 2005, this Walter tried to get a $6,000/mo. child-support payment to Laura reduced, in part because the value of her Schwab account had increased. If that's the same Walt Bettinger, Schwab shareholders should be impressed: He may not have kept the marriage intact, but he successfully retained his ex-wife as a customer.