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

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 ...

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 ...

References

External links

Profile at CapitalOne.com

Article about Fairbanks in Stanford Business magazine

Profile 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 {{US-CEO-stub

Education

Career

Personal life

See also

References

External links