71: David Pottruck, Former CEO of Charles Schwab Talks Setbacks and Success

Published: March 23, 2015, 7 a.m.

b'Today\\u2019s episode is another great reminder that no matter how painful a life blow or a career setback, you can still recover\\u2026 and not just survive but flourish and lead a richer, happier life. Today\\u2019s guest was let go as the CEO of a major financial services company after having invested in it his whole life. In his own words, \\u201cI was embarrassed. I was humiliated and I was devastated.\\u201d But as they say \\u201cwhen one door closes, another door opens.\\u201d As a result of simply having more time on his hands, he got to experience something he fell in love with, something so refreshing and captivating that he now says he would have loved to do it much earlier in life\\u2026 His name is David Pottruck. He is the author of the bestseller, Stacking the Deck, How to Lead Breakthrough Change Against Any Odds and the former CEO of Charles Schwab, a company he says he \\u201cgrew from $5 billion\\u2026 to a trillion dollars\\u201d.\\xa0Almost a decade later, David is now the Chairman of HighTower Advisors, a $25 billion wealth management firm that he helped launch in 2008. He also serves on the Board of Directors of Intel Corporation and a number of start-ups, and teaches at The Wharton School of Business.\\xa0Three takeaways from our interview:\\xa0-- Why it is so hard to lead breakthrough change in corporate America\\xa0-- How and why David\\u2019s financial philosophy changed over the years\\xa0-- His practical financial habits, all which he\\u2019s kept to this day\\u2026 even though he doesn\\u2019t really have to.\\xa0For more visit\\xa0SoMoneyPodcast.com


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