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- June 1, 2015: Vol. 2, Number 6

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The Grinder: Dave Pottruck, the defrocked CEO of Charles Schwab, is back in the billions with HighTower Advisors

by Mike Consol

The hands. That is one of the first things you notice about Dave Pottruck. They are big, even in relationship to his bearish body.

They are the same hands that used to drag men down to the mat and gridiron at the University of Pennsylvania, where he was named Most Valuable Player on both the varsity wrestling and football teams. He later won a gold medal in wrestling at the Jewish Olympics.

Looking back, Pottruck says he hardly remembers the victories but acutely remembers the agony of his defeats, though they were rare. Similarly, when Pottruck recounts his business career, he characterizes it as a series of spectacular successes and failures, though his life has most definitely been weighted to the success side of the ledger.

One ill-fated business venture occurred when he collaborated with fellow investors to launch Eos Airlines, with all-business-class flights between New York and London. The airline had some financial success, only to go bust after

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