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Charles Schwab

Charles SchwabHe heads the nation's first and largest discount brokerage, overseeing more than $500 billion in assets. His second book, Charles Schwab's Guide to Financial Independence, was a best-seller in 1998. His smooth, ad-friendly face suggests a man 20 years younger.

But there is pain behind the smile. As a Sacramento Valley schoolboy, Schwab began a lifelong struggle with the written word. He recalls relying on Classic Comic Books just to make his way through his reading assignments. As a Stanford freshman, in 1955, he was "completely buried," flunking both French and freshman English before finding refuge in economics.

Even now, Schwab, '59, MBA '61, finds reading and writing tedious at best. He once confessed to a reporter that he had attempted to read the novel Shogun six or seven times. "When I read, I can feel myself converting the written code into sounds [with my mouth] before I can process it," he explains. "Fast readers don't go through all that."

Like some 24 million other Americans, Schwab copes with dyslexia. The condition -- characterized by unusual difficulty sounding out letters and distinguishing words that sound similar -- is by far the most common language-related learning disability. Scientists have yet to pinpoint its cause, but this much is certain: with appropriate assessment and timely phonics-based instruction, most children with dyslexia can learn to read and write proficiently -- and the earlier intervention takes place, the better. It's a message that Schwab, with all his fortune and marketing savvy, has been eager to bankroll.

Additional Links:

Charles & Helen Schwab Foundation - A private, nonprofit organization that has been actively helping parents of children who struggle with learning since 1989.
The Charles Schwab Corporation - Charles Schwab founder and CEO.

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