The Charles Schwab Corporation

πŸ‡ΊπŸ‡ΈNew York Stock Exchange
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Charles Schwab CEO Richard Wurster Made $18.8 Million in 2025

πŸ“Š CEO Richard Wurster earned $18.8 million in 2025 total compensation.

⬆️ His pay increased by $6.3 million compared to the previous year.

πŸ‘€ Wurster took over as chief executive in January 2025.

πŸ“ˆ Stock awards grew by $2.8 million, accounting for $7.6 million of his total compensation.

πŸ’° CFO Michael Verdeschi received $8.1 million, an increase from $6.6 million the prior year.

πŸ“‰ Co-Chair Walt Bettinger's pay dropped approximately $20 million to $6.3 million after retiring.

βš–οΈ Co-Chair Charles Schwab earned roughly the same amount as in 2024.

Risk Factors
  • Walt Bettinger, retired CEO and current co-chair, saw his pay decline by about $20 million to $6.3 million, indicating potential leadership transition friction or reduced compensation alignment.
  • Total CEO compensation reached $18.8 million in 2025, with stock awards comprising only $7.6 million, suggesting less equity retention compared to performance-based incentives.
Full Analysis
Charles Schwab CEO Richard Wurster earned a total compensation of $18.8 million in 2025, marking a significant increase from his predecessor's tenure and an uptick compared to the previous year when he took office in January 2025. His earnings were notably higher than Michael Verdeschi, the company's chief financial officer, who received $8.1 million, up from $6.6 million the prior year. Wurster's compensation package included a stock award increase valued at $2.8 million, which accounted for $7.6 million of his total remuneration, while also seeing rises in his base salary, option awards, and non-equity incentive plan payouts. The executive pay structure at the brokerage firm also highlighted shifts following leadership changes from the previous year. Walt Bettinger, who retired as chief executive at the end of 2024 and has since assumed the role of co-chair, experienced a substantial reduction in his compensation to $6.3 million, a drop of approximately $20 million compared to his 2024 earnings. Co-Chair Charles Schwab received roughly equivalent pay to what he earned in 2024. These figures reflect the evolving executive leadership team at Charles Schwab Corp as it transitions through its recent management changes. The data was reported by Dow Jones on March 27, 2026, and includes information provided for informational purposes only, not endorsed or verified by third parties such as Morningstar. The compensation disclosures serve to outline the financial rewards received by top executives during a year that involved significant leadership restructuring, including Bettinger's retirement and Wurster's continued tenure as CEO with an expanded pay package.