Michael La Crone

The Charles Schwab Stock Rip-off Michael La Crone

According to the author, in this book:

Charles Schwab is used as a case study in how management insiders ripped off owner's equity from investors by the use of equity stock options. Corporate management's use of equity stock options as an incentive to align the interests of management and shareholders is exposed as an illusory fiction that results in a zero-sum wealth transfer. Mr. Schwab and management are spotlighted because they not only failed as gatekeepers to protect investors' wealth, but participated in transferring huge amounts of investor wealth to themselves.