Richard Dana Fairbank (born September 18, 1950) is an American
billionaire
A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...
businessman who founded
Capital One
Capital One Financial Corporation is an American bank holding company specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States. It is on the list o ...
with
Nigel Morris in 1988. He previously served on the board of directors of
MasterCard International from 2004 through 2006. He is a member of the
Stanford Business School
The Stanford Graduate School of Business (also known as Stanford GSB) is the graduate business school of Stanford University, a private research university in Stanford, California. For several years it has been the most selective business schoo ...
advisory council, the
Financial Services Roundtable
The Bank Policy Institute (BPI) is an American financial services lobbying and advocacy organization, based in Washington, D.C.
The Bank Policy Institute was formed in July 2018 by the merger of two older lobbying groups, the Financial Services ...
, and the board of directors of the BITS Technology Forum.
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".
Education
Fairbank enrolled at
Pomona College
Pomona College ( ) is a private liberal arts college in Claremont, California. It was established in 1887 by a group of Congregationalists who wanted to recreate a "college of the New England type" in Southern California. In 1925, it became ...
before transferring to
Stanford University
Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is consider ...
, where he earned a bachelor's degree in economics from
Stanford University
Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is consider ...
in 1972. He later earned an MBA from the
Stanford Graduate School of Business
The Stanford Graduate School of Business (also known as Stanford GSB) is the graduate business school of Stanford University, a private research university in Stanford, California. For several years it has been the most selective business schoo ...
in 1981, where he graduated first in his class. He also received the Excellence in Leadership award from Stanford University in 2006.
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. In 2012, Fairbank's total compensation was $22.6 million. Fairbank has received a base salary of zero dollars since 1997.
In January 2018, with Capital One's share price reaching a record high, Fairbank's net worth rose to about $1.1 billion.
Personal life
Fairbank is married to Chris, and they have eight children.
They own and live at Overlook Farm, near
Gunston Hall
Gunston Hall is an 18th-century Georgian mansion near the Potomac River in Mason Neck, Virginia, United States.
Built between 1755 and 1759 as the main residence and headquarters of a plantation, the house was the home of the United State ...
on the
Potomac River
The Potomac River () drains the Mid-Atlantic United States, flowing from the Potomac Highlands into Chesapeake Bay. It is long,U.S. Geological Survey. National Hydrography Dataset high-resolution flowline dataThe National Map. Retrieved Augus ...
in
Virginia
Virginia, officially the Commonwealth of Virginia, is a state in the Mid-Atlantic and Southeastern regions of the United States, between the Atlantic Coast and the Appalachian Mountains. The geography and climate of the Commonwealth ar ...
.
See also
*
One-dollar salary
A number of top executives in large businesses and governments have worked for a one-dollar salary. One-dollar salaries are used in situations where an executive wishes to work without direct compensation, but for legal reasons must receive a pay ...
References
External links
Profile at CapitalOne.comArticle about Fairbanks in Stanford Business magazineProfile at Forbes.com
American chief executives of financial services companies
American bankers
American corporate directors
1950 births
Living people
Pomona College alumni
Stanford University School of Humanities and Sciences alumni
Stanford Graduate School of Business alumni
American billionaires
Washington Capitals owners
Washington Mystics owners
Washington Wizards owners
Women's National Basketball Association executives
National Hockey League executives
National Hockey League owners
National Basketball Association executives
National Basketball Association owners
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