Charles M. Cawley

AAA

DEFINITION of 'Charles M. Cawley'

Best known as the co-founder and former president, CEO and chairman of credit card issuer MBNA. Cawley co-founded MBNA in 1982 and it went public in 1991. One of the ways he expanded the company was through affinity marketing, a customer-loyalty strategy that Cawley brought to the credit-card industry. His first affinity product was a credit card for Georgetown University alumni. He also employed credit analysts to help the company attract financially responsible cardholders.

INVESTOPEDIA EXPLAINS 'Charles M. Cawley'

Cawley was born in 1941 in New Jersey and graduated from Georgetown in 1962. He began his career with Maryland Bank National Association, where he worked for nearly 20 years before starting MBNA.

RELATED TERMS
  1. Morris Chang

    The founder, chairman and CEO of Taiwan Semiconductor Manufacturing ...
  2. Clarence P. Cazalot Jr.

    The president and CEO of Marathon Oil Corp. and a member of its ...
  3. Chairman

    An executive elected by a company's board of directors that is ...
  4. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  5. Insider

    A director or senior officer of a company, as well as any person ...
  6. Corporate Governance

    The system of rules, practices and processes by which a company ...
Related Articles
  1. Investing Basics

    What Is Private Equity?

    This investment vehicle attracts wealthy investors to increase the value of portfolio companies.
  2. Retirement

    Pages From The Bad CEO Playbook

    Excess compensation, golden parachutes, tunneling and IPO spinning make these bad executives even worse.
  3. Personal Finance

    CEO Savvy And Stock's Success Go Hand In Hand

    A CEO shapes the direction a business will take. We provide four clues to help you determine which ones have the right stuff.
  4. Professionals

    The Path To Becoming A CEO

    Think you have what it takes to be chief executive? Find out what those at the top have in common.
  5. Professionals

    Future CEO? Get Your Start In Fixed Income

    Discover why working in fixed income can be your ticket to the highest professional goals you've set for yourself.
  6. Investing

    Top 9 Questions Investors Should Ask Management

    Find out how to get the answers you want without getting the company line.
  7. Investing

    3 Secrets Of Successful Companies

    Make smart investments by spotting up-and-coming success stories early.
  8. Savings

    Which Are The Best Credit Cards To Take To China?

    Credit cards are now much more widely accepted in China – and one issuer leads the pack, due to its deal with China UnionPay, the Chinese bankcard network.
  9. Credit & Loans

    Chase Sapphire Preferred Vs. AmEx Platinum

    Chase Sapphire Preferred has many rewards and is much cheaper. Is American Express Platinum worth its premium price? That depends.
  10. Credit & Loans

    How to Challenge & Win A Credit Card Dispute

    Found an error on your credit card statement? Five strategies to persuade the card issuer to fix it in your favor.

You May Also Like

Hot Definitions
  1. Fixed Cost

    A cost that does not change with an increase or decrease in the amount of goods or services produced. Fixed costs are expenses ...
  2. Subsidy

    A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy ...
  3. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  4. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  5. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  6. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
Trading Center