Harvard Business School Association of Northern California Honors Charles R. Schwab as 'Business Leader of the Year'

SAN FRANCISCO--(BUSINESS WIRE)--Schwab founder, chairman and CEO, Charles R. Schwab has been selected as the Harvard Business School Association of Northern California's 2006 Business Leader of the Year. He will become the annual award's 38th recipient. The annual award recognizes an individual whose professional achievements and personal attributes have provided leadership in his company and industry as well as in civic, cultural, educational, and charitable activities.

Proceeds from this year's Business Leader award dinner will benefit HBSA Community Partners, a group that provides pro bono consulting and management assistance to Bay Area non-profit organizations. Since 1986, over 500 HBS alumni have volunteered to work on Community Partners projects for more than 300 Bay Area nonprofit organizations on issues such as strategic planning, marketing, financial management and board governance issues. The club also offers scholarships for Bay Area nonprofit CEOs to attend a one-week executive education course, Strategic Perspectives in Nonprofit Management, held at HBS in July.

About Harvard Business School Association of Northern California

The HBSA/NC is one of the oldest of all HBS alumni associations and with more than 1,400 active members it also one of the largest. The HBSA/NC allows members to stay in contact with fellow alumni, further their professional training, and participate in community partners programs. More information is available at www.hbsanc.org

About Charles Schwab

The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 6.7 million client brokerage accounts, 542,000 corporate retirement plan participants, 147,000 banking accounts, and $1.2 trillion in client assets as of December 31, 2006. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. The Charles Schwab Bank, N.A. (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.