
Organization
Schwab is rated high risk because it has adopted identity-based corporate policies and philanthropic practices that prioritize activism over merit and business focus, according to the profile. Its scores across cancellations, discriminatory philanthropy, employment protections, and broader corporate governance and advocacy categories reflect a pattern of prioritizing partisan and social causes over shareholder and consumer neutrality, though recent reversals on some policies were noted favorably in related commentary.
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The Charles Schwab Corporation is an American multinational financial services company. It offers banking, commercial banking, investing, and related services including consulting, and wealth management advisory services to both retail and institutional clients. One of the largest banks in the United States by assets, as of December 31, 2024, it had $10.10 trillion in client assets, 36.5 million active brokerage accounts, 5.4 million workplace retirement plan participant accounts, and 2.0 million banking accounts. It also offers a donor advised fund for clients seeking to donate securities. It was founded in San Francisco, California, and is headquartered in Westlake, Texas. It has over 380 branches, primarily in financial centers in the United States and the United Kingdom.