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Charles Schwab, 2001 Timeline Saturday, April 21 Bookmark and Share     Author
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Schwab's profits off 26%
World News (12) USA (335) California (187) Bay Area (11) San Francisco (340) Schwab (66) 2001
Business (6)
Schwab, January 2001 Schwab, February 2001 Schwab, March 2001 Schwab, April 2001 Schwab, May 2001 Schwab, June 2001 Schwab, July 2001 Schwab, August 2001 Schwab, September 2001 Schwab, October 2001 Schwab, November 2001 Schwab, December 2001
Schwab, 2001   San Francisco, March, 2001 (40)   U.S. in March, 2001 (32)   Schwab 2nd Quarter Earnings   Profits (67)
Schwab meets expectations  Company earned $97 million, or 7 cents per share Schwab won't meet estimates
Schwab plans to cut 3,400 jobs


March 2001 ... more > Top ^
Mar.22
  Brokerage firm will eliminate 2,000 to 2,300 full-time jobs. 600 to 900 jobs would be cut through attrition


April 2001 ... more > Top ^
Apr.17


June 2001 ... more > Top ^
Jun.15
  Charles Schwab likely will not meet second-quarter earning estimates because of decline in trading volume


July 2001 ... more > Top ^
Jul.17
  Online stock brokerage earned $102 million, 7 cents per share, a penny below the estimate


August 2001 ... more > Top ^
Aug.30 Schwab cutting 2,400 more jobs
  Staff cuts of 1,600 to 1,900 employees, 200 contractors by October, 200 to 300 employees by end of 2001


October 2001 ... more > Top ^
Oct.16 91% drop in profit
  Customer trading activity fell to its lowest in 3 years. Company earned $13 million in third-quarter




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