Richard Fairbank

Richard Dana Fairbank (born 18 September 1950)[1] is an American billionaire businessman who founded Capital One with Nigel Morris in 1994 (though the bank's own website says that Fairbank founded the bank in 1988), and is its chairman and CEO.[2][3] He is a non-executive director of MasterCard International, and the chairman of its U.S. region board of directors. 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]

For the lawyer and diplomat, see Richard M. Fairbanks.
Richard Fairbank
Born
Richard Dana Fairbank

(1950-09-18) September 18, 1950
NationalityAmerican
Alma materStanford University
Stanford Graduate School of Business
OccupationBusinessman
Known forco-founding Capital One with Nigel Morris
Net worthUS$1.1 billion (January 2018)
TitleChairman and CEO, Capital One
Board member ofMasterCard International
Spouse(s)Chris Fairbank
Children8

Fairbank has been awarded Washingtonian's "Business Leader of the Year", Worth's list of the top 10 CEOs and "50 Best CEOs", Future Banker's list of "influential personalities in financial services", Credit Card Management's "Entrepreneur of the Year"; and The Gartner Group's "Excellence in Technology."[5]

Education

Fairbank enrolled at Pomona College before transferring to Stanford University, where he earned a bachelor's degree in economics from Stanford University in 1972. He then earned an MBA from the Stanford Graduate School of Business in 1981, where he graduated first in his class, as well as receiving the excellence in leadership award from the University in 2006.[6]

Career

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.[7] In 2012, Fairbank's total compensation was $22.6 million.[8] Fairbank has received a base salary of zero dollars since 1997.[9][10]

In January 2018, with Capital One's share price reaching a record high, Fairbank's net worth rose to about $1.1 billion.[11][12]

Personal life

Fairbank is married to Chris, and they have eight children.[13][14]

They own and live at Overlook Farm, near Gunston Hall on the Potomac River in Virginia.[15]

gollark: That is *also* one of the unrepairable overly thi nones.
gollark: And you're paying a lot for basically just marginal thinness improvements.
gollark: I wouldn't really recommend those, IIRC they're basically unrepairable.
gollark: It seems *decent*, at least, not sure how it compares to other prices.
gollark: Oh, the conversation moved on a bit now.

See also

References
  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. 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. Retrieved April 21, 2020.
  6. "Excellence in Leadership Award". gsb.stanford.edu. Retrieved July 19, 2012.
  7. "Equilar - 404". www.equilar.com. Retrieved January 10, 2018.
  8. "Capital One CEO Richard Fairbank's 2012 total compensation was $22.6 mln". CNBC. Retrieved April 2, 2013.
  9. "CEOs Who Make One Dollar A Year". Forbes. Retrieved April 2, 2013.
  10. "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.
  11. "Capital One CEO Becomes Billionaire After Stock Hits Record High". January 5, 2018. Retrieved January 10, 2018 – via www.bloomberg.com.
  12. "Capital One CEO Richard Fairbank Just Became a Billionaire". Retrieved January 10, 2018.
  13. https://www.bizjournals.com/washington/morning_call/2015/06/things-you-didnt-know-about-one-of-the-regions.html
  14. "Richard Fairbank: "Nobody Wants to Work for a Phony"". Retrieved January 10, 2018.
  15. "Weddings of the Rich & Famous - Washingtonian". February 19, 2008. Retrieved January 10, 2018.
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