Schwab Pomerantz, Carrie 1941(?)-
SCHWAB POMERANTZ, Carrie 1941(?)-
PERSONAL: Born c. 1941, in San Francisco, CA; daughter of Charles R. Schwab (a brokerage company executive); married Gary M. Pomerantz (a journalist and author); children: three. Education: University of California, Berkeley, B.A.; George Washington University, M.B.A.
ADDRESSES: Home—Marin County, CA. Offıce—c/o Charles Schwab and Co., 101 Montgomery St., San Francisco, CA 94104.
CAREER: Charles Schwab and Co., vice president of consumer education, founder and head of "Women's Investing Now" program. President of Charles Schwab Corporate Foundation; chair of board of directors of Cool Girls, Inc., Atlanta, GA.
MEMBER: Women in Finance for the Atlanta Women's Fund (founder).
AWARDS, HONORS: International Women's Forum Leadership Foundation Fellowship, 2000.
(With Charles R. Schwab) It Pays to Talk: How toHave the Essential Conversations with Your Family about Money and Investing, Crown Business (New York, NY), 2002.
SIDELIGHTS: Though her father, Charles R. Schwab—who was also the coauthor of It Pays to Talk: How to Have the Essential Conversations with Your Family about Money and Investing—is today a famous and highly successful money manager, he was still struggling to establish himself when Carrie Schwab Pomerantz was growing up. She delivered newspapers as a young girl, and in 1976, when she was sixteen, she went to work for Charles Schwab and Co., which her father had established just two years earlier. Schwab Pomerantz later worked at Schwab offices in Atlanta, San Francisco, Baltimore, and Washington, D.C.
With regard to the subject of It Pays to Talk, Schwab Pomerantz has noted that families are no more likely to discuss money than they are sex and drugs. Not only does this leave children ill-equipped to deal with financial issues, but it can lead to disastrous situations. Heirs may discover that instead of receiving an inheritance, the estate is in debt, and elderly parents may be disappointed when their grown children fail to make provisions for them that they themselves have never explicitly articulated.
"Money is not just money," observed Schwab Pomerantz in an interview with Joan Hamilton in Town and Country. Speaking for her father and herself, she said, "We feel that talking about money is a means of talking about what's important to you and brings you closer as a family." Hamilton described Schwab Pomerantz as "a friendly and unpretentious woman with a radiant smile . . . [who] is hard-nosed, like her father, when it comes to impressing upon children the value of a buck." Dale Farris in Library Journal described It Pays to Talk as "an always interesting father-daughter discourse," and a reviewer in Publishers Weekly wrote, "This educational volume provides a useful framework that a family can refer to when approaching those often difficult but necessary conversations about finances."
BIOGRAPHICAL AND CRITICAL SOURCES:
Booklist, June 1, 2003, Nancy Spillman, review of ItPays to Talk, p. 1808.
Business Week, February 10, 2003, Robert Barker, "A Portfolio of Advice for Grim Times," p. 86.
Library Journal, March 15, 2003, Dale Farris, review of It Pays to Talk, p. 132.
Publishers Weekly, November 11, 2002, review of ItPays to Talk, p. 52.
San Franciso Business Times, September 28, 2001, Ron Leuty, "Schwab Daughter Comes Back to San Francisco," p. 8.
Town and Country, May, 2003, Joan Hamilton, "Family Finances, Part One: The Schwab Family's First Rule about Money: Speak Up!," p. 134.*