COVER STORY
With Moglia at the helm , TD Ameritrade ’ s market capitalization grew from $ 700 million to $ 10 billion as the company became a global leader in the number of US retail online equity trades . In fiscal 2008 , Joe ’ s final year as CEO , the company delivered its sixth consecutive year of record earnings results in spite of the worst debacle to hit the economy since the Great Depression .
Having successfully made it through the worst of the global financial crisis and with the company in the soundest shape of its existence , Moglia felt it was time to name his successor as CEO and to step into the role of chairman of the board where he could continue to represent the shareholders ’ interests by providing strategic guidance in shaping the growth strategy of the firm . In 2009 he became Chairman and stepped down in 2020 when TD Ameritrade was acquired by Charles Schwab . At close , the combined company was worth $ 100 billion with $ 7 trillion in client assets . When Joe arrived , these numbers were $ 700 million and $ 24 Billion .
Joe also felt it was the right time in his life to return to his beloved gridiron and took a position as executive advisor to the head coach at the University of Nebraska for 2 years . He would then spend 1 season with the Nighthawks before being hired as head football coach by Coastal Carolina University . Upon joining the Chanticleers ’ staff in 2011 , Moglia remarked at a
A REFLECTION BY …
It is hard to believe that almost sixty years has gone by since Joe , Dennis and I sat in the middle of Leo Lennox ’ s 1C home room .... Dennis to my immediate right and Joe one seat up to my left . I doubt that that any of us had the vaguest idea as to how things would turn out career wise . But I do not doubt that the eight years of Jesuit education that the three of us ultimately received ... with the foundation built at the Prep .... had an overwhelming impact on how things did turn out .
Joe was always recognized as an outstanding multi sport athlete . He was a very friendly , outgoing classmate . He was an active and inquisitive participant in our various classes and did well academically . Our paths at the Prep diverged when we chose amongst the various concentrations and later went off to college .
I lost track of Joe until the very early 2000s when I saw him being quoted along with other financial executives regarding issues related to the latest financial crisis . We exchanged an email or two and that was pretty much it until I attended the Wall Street Forum in 2005 and heard him speak .
What was immediately apparent to me was that the values that that we were taught and exposed to at the Prep were still with him to that day . What I heard was not just business , but a very personal belief as to how a business should be run as well as the culture and core values that were necessary for it to succeed . The legacy of his results speak for themselves in both his business and coaching careers . A true success story on all fronts .
Steve Lilienthal ’ 67 Former Chairman & CEO , CNA
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