Charles Schwab Corporation (TD Ameritrade)
Corporate Bias Rating
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Risk Level:
Summary:
Charles Schwab scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Charles Schwab increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Charles Schwab forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Charles Schwab supports the Equality Act and its subsidiary TD Ameritrade is a corporate partner of the NGLCC. For these reasons, Charles Schwab receives a High Risk rating.
Board Bias
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CEO of Charles Schwab Corporation (TD Ameritrade)
Walter W. Bettinger II
Summary:
Headquartered in Westlake, Texas, Charles Schwab Corporation (TD Ameritrade) is a member of the Fortune 250 operating in the Diversified Financials industry. Walter W. Bettinger II and Walter W. Bettinger II, Charles R. Schwab serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $16,685 to Republican causes and $79,534 to Democratic causes. Under their tenure, Charles Schwab Corporation (TD Ameritrade) currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$16,685
$79,534
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/18/23 | Social | James McRitchie | Report on Gender/Racial Pay Disparity | Against | 24.70% |
5/18/23 | Social | National Center for Public Policy Research | Report on Discrimination Risks | Against | 0.90% |