Schwab's headquarters shift to Texas amid TD Ameritrade merger seems to please nobody -- outside the Dallas Chamber of Commerce--Omaha feels especially omitted

Paper benefits -- no income tax, low corporate taxes, cheap labor, cheap space -- abound, but no Schwab, TD or USAA execs are committing to working there

Author By Lisa Shidler November 28, 2019 at 4:56 AM

4 Comments

Pristine, spacious, cheap and sterile, Schwab now has a Silicon Valley-style super-campus but it's not in San Francisco, Omaha or San Antonio.

TD Ameritrade

Charles Schwab & Co.

JC

November 28, 2019 — 7:49 PM

Thankful for this website on Thanksgiving.!

Ian MacKenzie

November 29, 2019 — 9:50 PM

It had to happen eventually. Even a San Francisco native like Chuck can only put up with the crazy and the outrageous costs of the People's Republic for so long. If they would just get rid of the excrement on the streets and the needles, companies like Schwab would stay. But they won't--the local politicians have gone insane. I am one of many people I know that, when we were looking for a new gig, said, anyplace but California and really, really, really, anyplace but San Francisco. Yeah, we didn't matter, because we were middling execs--you know, the people who actually run companies.

Alan Chaillet

November 30, 2019 — 8:38 PM

I laugh when I read these type of articles, as I see cars with California and Illinois license plates daily around the Dallas/Fort Worth area - and increasingly more from New York; and meet folks, including C-suite executives, who have followed their companies' moves from California to Texas. The writer has a case of snobbish sour grapes. In addition to no state income tax and wide open spaces Dallas was named the 2019 restaurant city of the year by none other than Bon Appetit so we are also stealing some of the cultural thunder from the cities of the past such as NY and Chicago.

Brooke Southall

November 30, 2019 — 8:58 PM

Thank you, kindly, JC. You both make me chuckle, Ian and Alan, mostly in concord. I happen to like it here in the Bay area. But it's a healthy free market system that is drawing people to Texas and keeping California from being any more overpriced and crowded than it is. Still, it's notable that Schwab is saying it is moving to Texas and also saying that few, if any, of its San Francisco-based people, including c-suiters, will make the move. It seems like something's gotta give, or be clarified.

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TD Ameritrade
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Top Executive: Tom Nally