i was a schwabette in 1986. they filmed it in training dept on 17th floor 101 montgomery st SF ("chuck" worked on 27th floor) . he had older lady phone operators, like henrietta, who professed her love for him in the new hire orientation video i set up on mondays. we were an odd bunch, but the next year a team bought back schwab from Bof A, went public, market crash, massive layoffs, got "corporate" with competitive middle managers ... big earthquake in 1989, call centers + office expansion...
@imjustpassinthru ... Okay, second question. You mention "sell off your stocks." Do you actually mean stocks that you own, or could you be talking about a short position? Brokerages, if I'm not mistaken, have a right to close out a short postion with or without your permission even if the underlying security is trading within margin maintenance limits.
@CountNomis ... Well now, any brokerage has the right to do that under certain circumstances. In fact, when you sign up for a margin account you give them that right in the event that your margin equity percentage falls below a certain limit. So let's establish first of all, since you seem to speaking from experience, were the stocks they liquidated in a cash account or a margin account?
i was a schwabette in 1986. they filmed it in training dept on 17th floor 101 montgomery st SF ("chuck" worked on 27th floor) . he had older lady phone operators, like henrietta, who professed her love for him in the new hire orientation video i set up on mondays. we were an odd bunch, but the next year a team bought back schwab from Bof A, went public, market crash, massive layoffs, got "corporate" with competitive middle managers ... big earthquake in 1989, call centers + office expansion...
modmom 10 months ago
@imjustpassinthru ... Okay, second question. You mention "sell off your stocks." Do you actually mean stocks that you own, or could you be talking about a short position? Brokerages, if I'm not mistaken, have a right to close out a short postion with or without your permission even if the underlying security is trading within margin maintenance limits.
imjustpassinthru 1 year ago
@imjustpassinthru Everybody I tell this too assumes that it had to do with margin calls. IT HAD NOTHING TO DO WITH MARGIN CALLS!!!
CountNomis 1 year ago
@CountNomis ... Well now, any brokerage has the right to do that under certain circumstances. In fact, when you sign up for a margin account you give them that right in the event that your margin equity percentage falls below a certain limit. So let's establish first of all, since you seem to speaking from experience, were the stocks they liquidated in a cash account or a margin account?
imjustpassinthru 1 year ago
Charles Schwab will sell off your stocks without your permission. Do not invest with them. You've been warned!
CountNomis 1 year ago
my buddie use to bone his daughter and fly around on private jets
rodthepimp 2 years ago
jesus blessed him
at least sombody made a billion
southbobby 2 years ago
Why has no one else commented on the pocket protector
studtrain79 2 years ago
Oh shit this guy is a billionaire now.
Flyaaaa 2 years ago
Im charles Shawb donald trump has a better Toupee than me
KingDT2007 2 years ago