Charles Schwab CEO and other insiders net nearly $5 million in stock amid selloff

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Executive officers and directors of Charles Schwab Corp. scooped up nearly $5 million worth of the financial-services giant’s beaten-down stock on Tuesday an apparent vote of confidence in the company’s ability to weather the ongoing bank debacle.

Chief Executive Walter Bettinger bought 50,000 shares of Schwab SCHW at a weighted average price of $5.31, according to a filing with the Securities and Commission late Tuesday. He paid a total price of $2.97 million.


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