Charles Schwab rewarded its top executives for record revenues and profits in 2016 with bonus and incentive payments of more than $25 million, according to the company.

CEO Walt Bettinger received a 58% raise to $19.5 million in total compensation, while founder Charles Schwab’s grew 70% to $8.1 million and Schwab Advisor Services head Bernard Clark's jumped 96% to $5 million. The firm disclosed their pay last week in its annual proxy statement.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access