Charles Schwab 2007 Annual Report Download - page 2

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TABLE OF CONTENTS
15 Letter from the CEO
18 Operations Overview
22 Social Responsibility
24 Management Committee
26 Letter from the CFO
27 Financial Highlights
28 Growth in Client Assets and Accounts
29 Form 10–K
i Board of Directors
ii Corporate Contacts
iii Corporate Information
Forward-Looking Statements: In addition to historical information, this Annual Report to Stockholders contains “forward-looking statements” which are
identied by words such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “will,” “may,” “estimate,” “aim,” “target,” and other similar expressions. In addi-
tion, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.
These forward-looking statements, which reect management’s beliefs, objectives, and expectations as of the date hereof, are necessarily estimates
based on the best judgment of the company’s senior management. These statements relate to, among other things, the company’s ability to grow revenues,
margins, and net new client assets (see “Letter from the Chief Executive Ofcer,” “Operations Overview,” and “Letter from the Chief Financial Ofcer”), and
the company’s ability to limit expenses, grow earnings, achieve earnings per share growth and return on equity expectations, and return excess capital to
its stockholders (See “Letter from the Chief Financial Ofcer”). Achievement of the expressed beliefs, objectives, and expectations described in these
statements is subject to certain risks and uncertainties that could cause actual results to differ materially from the expressed beliefs, objectives, and
expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Annual
Report to Stockholders. See “Forward-Looking Statements” in Management’s Discussion and Analysis of Financial Condition and Results of Operations
on page 38 in the Form 10-K for a discussion of important factors that may cause such differences.