Schwab signs U.S. Ski Team pact

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Charles Schwab Corp., San Francisco, has inked a deal with the U.S. Ski Team to provide athletes with retirement plan services and brokerage firm internship opportunities in its 263 branch offices. In addition, Schwab has created a dedicated investment growth fund for the U.S. Ski Team to receive donations that new Schwab fund-raising programs will solicit on their behalf. In exchange, the team will recognize Schwab as its "official investment firm." Such sports sponsorships are unusual for an investment firm.

Copyright October 1997, Crain Communications Inc.

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