Schwab Recognized in 2023 FORTUNE World’s Most Admired Companies List for Sixth Consecutive Year
February 01 2023 - 12:23PM
Business Wire
The Charles Schwab Corporation today announced that it has been
named as one of FORTUNE magazine’s top 50 World's Most Admired
Companies for the sixth consecutive year. The annual survey ranks
the world’s largest companies based on attributes related to
corporate reputation and financial performance.
Schwab ranked second in the Securities and Asset Management
category, with a top rank for innovation, use of corporate assets,
quality of management and quality of products/services.
“I am grateful to all of our Schwabbies for their unwavering
commitment to championing every client’s goals with passion and
integrity – especially during a momentous year when we look to
welcome Ameritrade clients to Schwab,” said Schwab Co-Chairman and
CEO Walt Bettinger. “Recognition like this is a direct result of
their commitment to building trust and loyalty with all our clients
by serving them as we ourselves would expect to be served and
delighting every client - of every size - every time they engage
with us.”
Schwab’s focus on creating a culture of service, inclusion and
seeing challenges "Through Clients' Eyes" has also resulted in the
company’s recognition as a top place to work in markets where it
has a business presence. In 2022, and among other accolades, Schwab
was included on Forbes’ listings of best large employers and best
employers for new graduates, veterans, and women; named a best
place to work for disability inclusion by the Disability Equality
Index; and recognized as a best place to work for LGBTQ+ Equality
by the Human Rights Campaign’s Corporate Equality Index for the
18th year in a row.
Methodology
Fortune collaborated with Korn Ferry on this survey of corporate
reputation, beginning with a universe of about 1,500 candidates:
the 1,000 largest U.S. companies ranked by revenue, along with
non-U.S. companies in Fortune’s Global 500 database that have
revenues of $10 billion or more. Fortune winnowed the assortment to
the highest-revenue companies in each industry, a total of 645 in
27 countries. The top-rated companies were picked from that pool of
645; 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. A company’s score must rank in the top
half of its industry survey to be listed. (For complete rankings,
visit fortune.com.)
To select the 50 All-Stars, Korn Ferry asked 3,760 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 the 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.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with 33.8 million active brokerage
accounts, 2.4 million corporate retirement plan participants, 1.7
million banking accounts, and $7.05 trillion in client assets.
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
subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc.,
and TD Ameritrade Clearing, Inc., (members SIPC,
https://www.sipc.org), and their 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
primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC
and an Equal Housing Lender), provides banking and lending services
and products. More information is available at
https://www.aboutschwab.com.
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E.J. Bernacki Charles Schwab 415-823-3523
e.j.bernacki@schwab.com
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