Charles Schwab Corporation

San Francisco, United States

Charles Schwab Corporation is a financial services company that provides a range of brokerage and banking services to individual investors and institutions. Known for its customer-centric approach, it offers innovative investment products and services, including stock trading, retirement accounts, wealth management, and more.

CCI Score

32.25

-0.01% April 18

Latest Event

Charles Schwab Disbands PAC and Halts Political Donations

Charles Schwab Corporation announced that it will discontinue its political action committee (PAC), and will no longer accept employee contributions or make financial donations to lawmakers, citing a divided political climate as a reason for the change. The firm also plans to donate any remaining funds from the PAC.

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DISSENTER

Charles Schwab Corporation is currently rated as a Dissenter.

+25 to +44 CCI Score

These companies are vocal in their opposition to authoritarian regimes. They publicly criticize oppressive policies and engage in advocacy efforts to promote accountability and transparency, even if their actions aren’t as extensive as those of Moral Leaders.

Latest Events

JAN

13

2025

Charles Schwab Disbands PAC and Halts Political Donations
68.19

Charles Schwab Corporation announced that it will discontinue its political action committee (PAC), and will no longer accept employee contributions or make financial donations to lawmakers, citing a divided political climate as a reason for the change. The firm also plans to donate any remaining funds from the PAC.
+70

Political Contributions and Lobbying Efforts

April 12

By discontinuing its PAC and halting all political donations, Charles Schwab is reducing the potential for corporate influence over political processes and authoritarian practices. This move aligns with anti-fascist ideals by promoting political neutrality and decreasing undue influence in public policy, which is particularly important during a time of heightened political division.

Charles Schwab to stop political donations
JAN

01

2025

Schwab Discontinues PAC Contributions
67.97

Charles Schwab Corporation announced the discontinuation of its Political Action Committee (PAC), ceasing employee and director contributions and financial support to lawmakers. The company will instead donate remaining PAC funds to organizations such as The Boys & Girls Club of America and Historically Black Colleges and Universities, reinforcing its commitment to reducing direct corporate influence in partisan politics.
+70

Political Contributions and Lobbying Efforts

April 12

The decision to discontinue the PAC represents a clear move away from direct corporate political contributions, reducing potential leverage over partisan politics. By diverting remaining funds to community-focused organizations that support marginalized groups, Charles Schwab Corporation is taking a stand that aligns with anti-fascist values, lessening the risk of supporting authoritarian influences in the political arena.

Schwab to Discontinue its Political Action Committee | About Schwab
AUG

22

2023

Charles Schwab Job Cuts and Office Downsizing
-59.30

Charles Schwab Corporation announced plans to cut jobs and downsize some corporate offices as part of a broader operational cost reduction effort, which is expected to lead to significant layoffs, particularly in non-client facing areas. The initiative is part of cost-saving measures following its acquisition integration of TD Ameritrade.
-70

Labor Relations and Human Rights Practices

April 12

The planned job cuts and office downsizing are indicative of practices that undermine workers' rights and stability. Such measures negatively impact labor relations by reducing job security and support for employees, which is contrary to progressive standards in labor practices.

Charles Schwab plans job cuts and office downsizing amid efforts to reduce operating costs
JAN

06

2021

Charles Schwab Ditches PAC
52.13

Charles Schwab Corporation announced it is disbanding its political action committee and ceasing to accept employee contributions, redirecting remaining funds to community organizations such as the Boys & Girls Club of America and historically Black colleges and universities. The move comes amid heightened political tensions following the January 6 U.S. Capitol riot, as Schwab seeks to adopt a more apolitical stance in a divided political climate.
+80

Political Contributions and Lobbying Efforts

April 12

By dismantling its political action committee and redirecting funds towards community-focused organizations, Charles Schwab is reducing its direct involvement in partisan political fundraising. This move aligns with anti-fascist values by distancing the company from potential support of divisive or authoritarian political interests and instead bolstering support for marginalized communities.

Charles Schwab Ditches PAC, Citing Divided Political Climate