End of an era: Ricketts family members to relinquish TD Ameritrade board seats in 2016
http://www.omaha.com/article/20131205/MONEY/131209370/1685#end-of-an-era-ricketts-family-members-to-relinquish-td-ameritrade-board-seats-in-2016
By Russell Hubbard
TD Ameritrade said Thursday in a filing with the Securities and Exchange Commission that members of the founding Ricketts family have agreed to relinquish their board seats in 2016, which would end decades of close family involvement in one of Omaha's best-known companies.
The Omaha-based online stock brokerage and wealth manager, employer of about 2,000 people in the metro area, was founded by Joe Ricketts in 1975 as a cheaper way for people to buy and sell shares of publicly traded companies, via telephone and then by computer.
The family, the largest shareholder after TD Bank, has been intimately involved in the company's management and direction ever since. The 2016 voluntary departure from the board of Todd Ricketts and Pete Ricketts, sons of the founder, marks an end to an era.
Joe Ricketts and his family remain significant shareholders of TD Ameritrade, read a statement released by family spokesman Allan Mayer. They believe the company is exceptionally well-positioned to continue building substantial value for shareholders.
FULL story at linjk.