Engaged Schwab Executives to Take Early Retirement

By Ring, Niamh | American Banker, March 8, 1999 | Go to article overview

Engaged Schwab Executives to Take Early Retirement


Ring, Niamh, American Banker


By NIAMH RING Working at Charles Schwab & Co. has been a financial and romantic boon for two mutual fund executives planning early retirement. William Klipp, 43, president and chief operating officer of the San Francisco brokerage's $87 billion mutual fund family, said he plans to retire by yearend. Linda Coffey, Mr. Klipp's fiancee, will retire at the end of next month. Both want to take a break, spend some time with their children, and travel, Mr. Klipp said. Ms. Coffey, 42, is a vice president in Schwab's Mutual Fund Marketplace, which includes the successful OneSource fund supermarket. She has worked at Schwab for 12 years. The couple met at the company and has been engaged for three years, Mr. Klipp said. "It was a big decision," said Mr. Klipp, who has put in nine years at the broker-dealer. "Schwab is a very special place to work." However, Schwab's high-performing stock price helped ease his decision, he conceded. …

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