Chief Executive Officer & Co-Chairman, Charles Schwab
Search every verified Walter Bettinger interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Walter Bettinger retired as CEO of Charles Schwab at the end of 2024 after 16 years in the role, with president Rick Wurster succeeding him. Bettinger said he had targeted 2025 for retirement, noting that his youngest child had left for college and that the integration of TD Ameritrade had been completed. He described the transition as a "big day" for the firm and expressed confidence in Wurster, whom he called a "talented executive with great integrity." Bettinger continued as executive co-chairman of Schwab's board alongside founder Charles Schwab. In April 2025, Bettinger joined private equity firm Clayton Dubilier & Rice (CD&R) as a senior adviser. He said he was drawn to the firm's focus on operational excellence, noting that "around 80% of the value that the firm has generated over the years has been through operational improvement." Bettinger stated that CD&R is particularly focused on the insurance, wealth management, and retirement sectors, citing "the massive wealth transfer taking place in an aging society."
“What appealed to me was the firm's focus on operational excellence. The fact that around 80% of the value that the firm has generated over the years has been through operational improvement is quite distinct.”
“I am enthusiastic about joining CD&R, a firm dedicated to leveraging seasoned industry leaders to capitalize on investment opportunities in the dynamic financial services and technology sectors.”
“At CD&R, we are particularly focused on the insurance, wealth management, and retirement sectors, given the massive wealth transfer taking place in an aging society.”
“There is still a tremendous opportunity to use technology to enhance value in the financial services industry.”
“Over the last 10 to 15 years, we have made a major push into investing in sectors like financial services, technology, and tech-enabled services.”
“It's a big day. It's a big day for our firm, a big day for Rick. And I'm excited about this upcoming transition.”
“I often joke that not many CEOs survive whose stock price goes down by half in their first 90 days, but it was a difficult time overall. But I think it also laid the groundwork for a future of powerful growth.”
“As you shared, going from about 1 trillion in client assets to 10 trillion... So often out of the ashes of challenges come great opportunity.”
“I think the lesson that Chuck has shared with me, two big lessons. One is it's always about the client, no matter what the issues are... And that is take a long term perspective.”
“Well, I think our advice has been very consistent for a long time and that is set an asset allocation. Understand your risk tolerance, keep your expenses as low as you possibly can, and then stick with that long term view.”
“I had an incredible role model in Chuck, who served as executive chair during my entire tenure as CEO... When Rick is CEO, he makes the call. I'm there to support him and offer any words of experience.”
“We've moved to a relationship model over the last 15 or 20 years. By having those deep relationships we build connections with surviving spouses or partners or even the children... that gives us the best chance to hang on to those assets and continue to serve the next generation.”
“I often say that not many CEOs have their company's stock price in their first 90 days. That is pretty much what I walked into in the financial crisis.”
“It's been a wonderful time as CEO, and I'm incredibly excited now to turn it over to talented executive with great integrity in Rick Wurster.”
“Having an executive like Rick who's ready to step into this role, who's tested, who's proven, someone that I have incredible confidence in.”
In this video, we explore the significant move of Walt Bettinger, former CEO of Charles Schwab, joining Clayton Dubilier & Rice ...
"I have big shoes to fill," says current @CharlesSchwab President Rick Wurster, but adds that he's "very well prepared" to become ...
Charles Schwab CEO Walt Bettinger and President Rick Wurster join 'Squawk Box' to discuss news of Bettinger retiring as CEO at the end of December after 16 years leading the brokerage firm, whether there will be any immediate change in strategy, impact of the Fed's interest rate decision on the company, and more.
Charles Schwab CEO Walt Bettinger sits down with 'Mad Money' host Jim Cramer to talk quarterly results. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow C…
Welcome to the full audio recording of Charles Schwab Corporation's Q2 2024 earnings call. Gain valuable insights into the financial performance, strategic initiatives, and future outlook of one of America's largest brokerage and banking companies, directly from Charles Schwab's executive leadership team. 📌 Timestamps: 00:00 - Head of Investor Relations 00:50 - Walt Bettinger, President and CEO 20:19 - Peter Crawford, Chief Financial Officer 31:40 - Question & Answer Session 📊 Highlights of the Q2 2024 Earnings Call: Comprehensive overview of Charles Schwab's Q2 2024 financial results Anal…
Walt Bettinger, Charles Schwab co-chair and CEO, joins 'Mad Money' host Jim Cramer to talk quarterly results, what its hearing from clients, the state of the investing space and more.
Charles Schwab CEO Walt Bettinger joins 'Squawk on the Street' to discuss what Bettinger is seeing from retail investors after the recent powerful rally, what could be a tailwind for the equity markets, and what lessons Bettinger has learned from managing in today's economic environment.
Charles Schwab CEO Walt Bettinger joins 'Squawk on the Street' to discuss the company's quarterly earnings results, what investors need to understand about the interest rate move impact on the banks, and how suppressed interest equities have impacted investor psyche. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the lead…
Charles Schwab CEO Walter Bettinger joins 'Squawk on the Street' to discuss the bank's deposit flows, Bettinger's explanation of ...
CNBC's Sara Eisen and Charles Schwab CEO Walter Bettinger join 'The Exchange' to discuss the impact of the collapse of Silicon Valley Bank on financials.
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