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Richard Fairbank

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Not to be confused with lawyer and diplomat Richard M. Fairbanks.

Richard Fairbank
Born
Richard Dana Fairbank

(1950-09-18) September 18, 1950 (age 74)
NationalityAmerican
Alma materPomona College
Stanford University
Stanford Graduate School of Business
OccupationBusinessman
Known forco-founding Capital One with Nigel Morris
TitleChairman and CEO, Capital One
SpouseChris Fairbank
Children8

Richard Dana Fairbank (born September 18, 1950)[1] is an American billionaire businessman who co-founded Capital One with Nigel Morris in 1988.[2][3] He was on the board of directors of MasterCard International from 2004 to 2006. He is a member of the Stanford Business School advisory council, the Financial Services Roundtable, and the board of directors of the BITS Technology Forum.[4]

Fairbank has been awarded "Business Leader of the Year" by Washingtonian, and placed on lists including Worth's list of the top 10 CEOs and "50 Best CEOs."[5]

Education

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Fairbank enrolled at Pomona College[6] before transferring to Stanford University, where he earned a bachelor's degree in economics in 1972.[citation needed] He later earned an MBA from the Stanford Graduate School of Business in 1981, where he graduated first in his class. He also received the Excellence in Leadership award from Stanford University in 2006.[7]

Career

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While CEO of Capital One Financial in 2009, Fairbank earned a total compensation of $6,076,805, which included no base salary, no cash bonus, $2,000,019 in stock awards, $4,000,001 in option awards, and $76,785 in other compensation.[8] In 2012, Fairbank's total compensation was $22.6 million.[9] Fairbank has received a base salary of zero dollars since 1997.[10][11]

In January 2018, with Capital One's share price reaching a record high, Fairbank's net worth rose to about $1.1 billion.[12][13]

Personal life

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Fairbank is married to Chris, and they have eight children.[14][15]

They own and live at Overlook Farm, near Gunston Hall on the Potomac River in Virginia.[16]

References

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  1. ^ "National Academy of Sciences Biographical Memoir William Martin Fairbank Sr., page 5" (PDF). Retrieved January 10, 2018.
  2. ^ "Richard Fairbank: Executive Profile & Biography – Businessweek". investing.businessweek.com. Archived from the original on January 18, 2013. Retrieved July 19, 2012.
  3. ^ "#497 Richard D Fairbank - Forbes.com". forbes.com. Retrieved July 19, 2012.
  4. ^ "Richard D. Fairbank". NNDB. Retrieved April 2, 2013.
  5. ^ "CEO Today Top 50 – Richard D. Fairbank". CEO Today. February 23, 2018. Retrieved April 21, 2020.
  6. ^ Admin (July 13, 2021). "Richard Fairbank (CEO) Bio-Wiki, Age, Wife, Kids, Net Worth, Capital One". FactsBio. Retrieved January 18, 2024.
  7. ^ "Excellence in Leadership Award". gsb.stanford.edu. Retrieved July 19, 2012.
  8. ^ "Equilar - 404". www.equilar.com. Retrieved January 10, 2018.
  9. ^ "Capital One CEO Richard Fairbank's 2012 total compensation was $22.6 mln". CNBC. Archived from the original on April 10, 2013. Retrieved April 2, 2013.
  10. ^ "CEOs Who Make One Dollar A Year". Forbes. Retrieved April 2, 2013.
  11. ^ "Capital One's Richard Fairbank among CEOs earning $1 or less a year. Capital One lost a store lease with the owner of WPIX which is connected with the City of New York's Dept of Corrections". Biz Journals. Retrieved April 2, 2013.
  12. ^ "Capital One CEO Becomes Billionaire After Stock Hits Record High". Bloomberg.com. January 5, 2018. Retrieved January 10, 2018 – via www.bloomberg.com.
  13. ^ "Capital One CEO Richard Fairbank Just Became a Billionaire". Retrieved January 10, 2018.
  14. ^ "The many things you don't know about Capital One CEO Richard Fairbank, including his love of hockey - Washington Business Journal". Archived from the original on July 3, 2015.
  15. ^ "Richard Fairbank: "Nobody Wants to Work for a Phony"". Retrieved January 10, 2018.
  16. ^ "Weddings of the Rich & Famous - Washingtonian". February 19, 2008. Retrieved January 10, 2018.
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