Bombs Found at Schwab's Home, Office

Aug. 19, 2003
Packages containing bombs were found Monday at the home of businessman Charles Schwab and at an office for his stock brokerage.

CARMEL, Calif. (AP) -- Packages containing bombs were found Monday at the home of businessman Charles Schwab and at an office for his stock brokerage.

One device _ a package with wires sticking out of it _ was found at a Charles Schwab Corp. office at a mall in Carmel at about 7:15 a.m. A second similar device was found later on the doorstep of Schwab's home in Pebble Beach, according to Donna Galletti, spokeswoman for the Monterey County sheriff's department.

It was unclear whether Schwab was at home when the device was discovered, Galletti said.

The sheriff's office evacuated the immediate area in Carmel and called in the Santa Cruz County Bomb Squad, which used a robot to X-ray and detonate both devices Monday. The X-rays showed items consistent with a bomb, Galletti said.

The Monterey County and Santa Cruz County sheriff's departments were investigating.

Charles Schwab Corp. last week announced plans to fire 250 more workers and close 20 branches, but it was unclear whether the bombs were tied to the cutbacks.

A Schwab spokesman refused to comment Monday.

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