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Capital One’s Financial CEO’s $250M Payday

Posted By Jim On 04/10/2006 @ 6:06 pm In Personal Finance | 2 Comments

“What’s in your wallet?” is the slogan of Capital One and what’s in Capital One Financial’s CEO Richard Fairbank’s wallet is a cool $250 million from 2.6M in stock options. Now, before you get all worked up about CEO pay, Fairbank has only been paid with stock options since 1997 so in that respect he’s truly working for the shareholder.

Oh yeah, what was his haul in 2004? Only $56 million.

And if you have the time, read the article linked below because it also talks about how CEO’s get paid what most people make in a lifetime when they get fired… it’s a different life up there.

via USA Today [3].

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[3] USA Today: http://www.usatoday.com/money/companies/management/2006-04-09-ceo-compensation-report_x.htm

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