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Restructuring / Turnaround Strategies Case Study
Case Title:
Charles Schwab: Schwab's Turnaround Strategies
Publication Year : 2005
Authors: K. Rajesh Kumar, Souvik Dhar
Industry: Banking, Insurance and Financial Services
Region:USA
Case Code: RTS0060
Teaching Note: Not Available
Structured Assignment: Available
Abstract:
Brokerage firm Charles Schwab witnessed a decline in its fortune since 2000 as a result of the company's dependence on the brokerage business for its revenues. To find new sources of revenue, the company diversified into new businesses under its then Chief Executive Officer (CEO) David Pottruck. But it continued to struggle and founder Charles Schwab was recalled to lead the company. After taking over as the CEO, Schwab undertook major restructuring steps to improve profitability.
Pedagogical Objectives:
- To discuss the strategies of Schwab in turning around the company
- To highlight the challenges faced by the company for sustaining its successful turnaround.
Keywords : Charles Schwab; David Pottruck; Restructuring / Turnaround Strategies Case Study; Discount brokerage; Mutual funds; Restructuring; Turnaround strategies; Growth strategies; Institutional investing; Diversification; Leadership; Competition; Cyclical revenues
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