Schwab Named to Top 50 of Fortune World’s Most Admired Companies List for Third Consecutive Year
January 21 2020 - 5:01PM
Business Wire
The Charles Schwab Corporation has been named as one of Fortune
magazine’s top 50 World's Most Admired Companies for the third
consecutive year, finishing in the 37th spot. In the annual survey,
which ranks some of the world’s largest companies based on a number
of attributes related to corporate reputation and financial
performance, Schwab also earned the top spot in the innovation, use
of corporate assets and quality of management categories in the
Securities and Asset Management section of the list, where it
finished No. 2 overall. See more details on Schwab’s Fortune
ranking here.
"We are honored to be named once again to Fortune's listing of
the Most Admired Companies in the world,” said Schwab President and
CEO Walt Bettinger. “Our inclusion is a direct reflection of our
employees' unwavering focus on operating Schwab 'Through Clients’
Eyes' and the trust our clients place in us every day as a result
of that strategy. Since our founding, we have demonstrated that the
surest way to earn the trust and admiration of those we serve is to
focus relentlessly on eliminating trade-offs through a combination
of low costs, great service and technology, breaking down the
barriers to success for investors and the advisors who serve
them.”
Schwab’s focus on creating a diverse, respectful workforce and a
culture of service has also consistently resulted in the company’s
recognition as a top place to work in major markets that Schwab
serves. The company also has been named a “Best for Vets Employer”
and has a received a 100 percent rating on the Human Rights
Campaign Corporate Equality Index since 2004.
Learn more about Schwab’s recognition as an employer of choice
here.
Methodology
Fortune collaborated with their partner Korn Ferry on this
survey of corporate reputation. They began with a universe of about
1,500 candidates: the 1,000 largest U.S. companies by revenue,
along with non-U.S. companies in Fortune’s Global 500 database that
have revenues of $10 billion or more. They winnowed the assortment
to the highest-revenue companies in each industry, a total of 680
in 30 countries. The top-rated companies were picked from that
pool; the executives who voted work at the companies in that
group.
To determine the best-regarded companies in 52 industries, Korn
Ferry asked executives, directors, and analysts to rate enterprises
in their own industry on nine criteria, from investment value and
quality of management and products to social responsibility and
ability to attract talent. (For the complete rankings, visit
Fortune.com.)
Results were not published in the following categories owing to
insufficient response rates: cable and satellite providers,
petroleum refining, pipelines, and U.S. energy.
To select the 50 All-Stars, Korn Ferry asked 3,770 executives,
directors, and securities analysts who had responded to the
industry surveys to select the 10 companies they admired most. They
chose from a list made up of companies that ranked in the top 25%
in last year’s surveys, plus those that finished in the top 20% of
their industry. Anyone could vote for any company in any
industry.
The difference in the voting rolls explains why some results can
seem at odds with each other. For example, UnitedHealth Group fell
off the All-Stars list this year but ranked No. 1 within the
insurance and managed care category when votes from only those in
that industry were counted.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity.
More information is available at www.aboutschwab.com. Follow us
on Twitter, Facebook, YouTube and LinkedIn.
About The Charles Schwab Corporation
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with more than 360 offices and 12.3
million active brokerage accounts, 1.7 million corporate retirement
plan participants, 1.4 million banking accounts, and $4.04 trillion
in client assets as of December 31, 2019. Through its operating
subsidiaries, the company provides a full range of wealth
management, securities brokerage, banking, asset management,
custody, and financial advisory services to individual investors
and independent investment advisors. Its broker-dealer subsidiary,
Charles Schwab & Co., Inc. (member SIPC, https://www.sipc.org),
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds;
financial planning and investment advice; retirement plan and
equity compensation plan services; referrals to independent,
fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles
Schwab Bank (member FDIC and an Equal Housing Lender), provides
banking and lending services and products. More information is
available at https://www.schwab.com and
https://www.aboutschwab.com.
Brokerage Products: Not FDIC Insured · No Bank Guarantee ·
May Lose Value
© 2020 Charles Schwab & Co., Inc. Member SIPC.
(0120-0KU7)
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