Richard B. “Rich” Handler (born May 23, 1961) is an American businessman, currently serving as the Chairman of the Board and CEO of Jefferies Group, where he is the longest-tenured CEO on Wall Street.Handler also serves as the CEO and director of Leucadia.
Early life and education:
Handler grew up in New Jersey, graduating in 1979 from Pascack Hills High School in Montvale.Handler received a BA in economics from the University of Rochester in 1983 and an MBA from Stanford University in 1987. Before graduate school, he worked as an investment banker at First Boston, and after as a junk bond trader for Michael Milken at Drexel Burnham Lambert.
Handler joined Jefferies in April 1990 as a salesman and traderand was appointed CEO on January 1, 2001,Chairman in 2002.During his time at Jefferies, between 1990 and 2012, shares compounded annually at 22%.On November 12, 2012, Jefferies announced its merger with Leucadia, its largest shareholder. At that time, Leucadia common shares were trading at $21.14 per share. As of December 31, 2015, Leucadia shares were trading at $17.39 per share.In March 2013, Jefferies merged with Leucadia,and Handler became CEO of both companies.
In April 2012, Handler and Chairman of the Jefferies Executive Committee Brian Friedman formed the Jefferies Global Senior Advisory Board, which now includes James D. Robinson III, Lord Hollick, Michael Goldstein, Bernard Bourigeaud, Dennis Archer, Sir David Reid,Gilles Pélisson, and G. Richard Wagoner. In August 2012, Handler played a lead role in saving Knight Capital Group after they suffered a $440 million loss due to a ‘technology glitch.’ Together with Brian Friedman, Handler structured and led the rescue,which included making Jefferies the largest shareholder with an investment of $125 million.
In November 2011, ratings company Egan-Jones issued a negative report regarding Jefferies that caused a 20% decline in the Jefferies stock price minutes after the opening bell the following morning.This report was found to contain a number of inaccuracies: Jefferies was accused of having 77% of its shareholder’s equity tied up in the same illiquid sovereign debt securities that had just toppled MF Global, neglecting to mention that the position had been hedged, supposedly offsetting exposure.Chris Kotowski of Oppenheimer & Co. made public statements pointing out additional figures in the Egan-Jones report that were ‘so grotesquely wrong they should immediately jump off the page to anyone remotely familiar with the numbers.’ This included the false claim that Jefferies revenue had declined 37.8% annually over the previous ‘couple of years.’ In fact, Jefferies net revenues actually increased by 154% from 2008 to 2011 according to company filings, The Egan-Jones report was described by Kotowski in his research report from November 23, 2011 titled “Another Hack Attack” as ‘flat out wrong’,and was followed by what Richard Handler characterized as a multi-week public attack on Jefferies by Sean Egan.Handler and the Jefferies management team responded with unprecedented immediacy and transparency, collapsing 75% of this sovereign debt position in a matter of days to prove the bonds were hedged and highly liquid, sharply reducing the rest of Jefferies balance sheet, and publicly addressing the accusations on an almost daily basis.This aggressive and unconventional response resulted in an eventual rebound in Jefferies share price from the November lows.
Richard Handler is also Chairman and CEO of the Handler Family Foundation and serves on the Advisory Council of the Stanford University School of Business.For the University of Rochester, Handler serves on the Board of Trustees,as Chairman of the Finance Committee, and as Co-Chairman of the university’s Capital Campaign. Handler has donated $25 million for the Jane and Alan Handler Scholarship Fund (named for Handler’s parents) for exceptional students from underprivileged backgrounds with the potential for future leadership.
Richard L. Carrión Rexach (born November 26, 1952) is the current Chairman and CEO of Popular, Inc., parent company of Banco Popular de Puerto Rico, Banco Popular North America and E-Loan.
Carrión was born and raised in Puerto Rico. His grandfather was one of the founders of Popular, Inc. (BPPR). He received a bachelor’s degree from the Wharton School of Finance and Commerce in 1974 and an MS in Management Information Systems from the MIT Sloan School of Management in 1976.After the master’s degree, Mr. Carrión joined Banco Popular in 1976. After his father’s death, Carrión became the leader of that banking corporation.
Richard L. Carrión is the Chief Executive Officer and Chairman of the Board of Popular, Inc., a publicly traded financial holding company with more than $45 billion in consolidated assets. Today, Banco Popular, a wholly owned subsidiary of Popular, Inc., is Puerto Rico’s leading depository institution, the largest Hispanic-owned bank in North America, and one of the 30 most important financial institutions in the Americas. As CEO, Carrión has led the way through numerous innovations in the company such as its expansion through the Caribbean, Latin America and the United States.
While Mr. Carrión was President of Banco Popular, Popular completed the acquisition of various financial institutions, including Banco de Ponce, Banco Roig, Seminole Bank, First State Bank of Southern California, Gore Bronson Bancorp in Chicago and Aurora National Bank. At the time of the acquisition, Banco de Ponce was the second largest bank in Puerto Rico. Recently, he also headed Popular’s recent acquisition of Quaker City, a savings and loan holding company for Quaker City Bank, based in Whittier, California, and Kislak National Bank, a Florida-based commercial bank.
In the information technology arena, Carrión’s vision brought the first network of ATMs to Puerto Rico and many other Latin American countries, and also spearheaded the successful migration from paper to electronic transactions. In 1999, after the acquisition of GM Group, Inc., the largest data processing center in the Caribbean, Popular consolidated its leadership role in the technological arena, thus creating EVERTEC, a new leader in information technology.
As of May 24, 2010, Popular Inc.’s board of directors announced that David Chafey, Jr., president and chief operating office would no longer be employed by the company. The board appointed Chairman and Chief Executive Richard Carrión as President. The company added that the position of Chief Operating Officer would not be filled at this time.
For almost three decades Mr. Carrión has divided his time between Popular and philanthropy, placing particular emphasis on education and sports. He is the founder and trustee of the Banco Popular Foundation; which, among other charities, has donated scholarships to over 1,000 students through the Rafael Carrión, Jr. Scholarship Fund. He currently served on the board of directors of the Puerto Rico Telephone Company and Verizon. Since 1992, Carrión has also been involved in the production of music videos that highlight Puerto Rico’s musical culture and history. In 2007, he was appointed a member of the International Basketball Federation (FIBA) Finance Commission.
Mr. Carrión has also contributed to improving Puerto Rico’s public education system. He participated in Sapientis Week, an initiative sponsored by the non-profit Sapientis which brings distinguished public figures into classrooms in order to raise the public’s awareness of the education crisis in Puerto Rico.
International Olympic Committe:
He has been a member of the International Olympic Committee (IOC) since 1990 and currently chairs the Finance Commission and is a member of the IOC’s Marketing, TV and Internet Rights Commissions. Mr. Carrión led the negotiation team for the U.S. broadcast of the 2010 and 2012 Olympic Games – generating $2 billion in revenue – and was elected to the IOC Executive Board in 2004. He was one of the torch carriers for the 2006 Winter Olympics in Torino, Italy.
From 1987, he and the Puerto Rico Olympic Committee led a fight to try to bring the 2004 Summer Olympic Games to San Juan. That bid failed, however, when Athens was voted in 1997 as the city to host those games.
In 2012, Carrión awarded Javier Culson with the bronze medal for the 400 m hurdles and Jaime Espinal with the silver medal for wrestling freestyle 84 kg at the 2012 Olympics. Culson and Espinal were the first Puerto Ricans to win Olympic medals outside of boxing.
Candidacy for IOC President:
On May 22, 2013 Richard Carrión confirmed that he would run for President of the IOC. At the 125th IOC Session in Buenos Aires, Carrión secured 29 votes in the final round of voting, but lost the election to Thomas Bach.
Richard Dana Fairbank (born 18 September 1950) is an American businessman who founded Capital One with Nigel Morris in 1988, and is its Chairman and CEO. He also serves on the board of directors of MasterCard International, and is the Chairman of MasterCard International’s 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.
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.”
Fairbank received a bachelor’s degree in Economics from Stanford University in 1972, and 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.
While CEO of Capital One Financial in 2009, Richard D. 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.
Born : May 2, 1955 (age 61), Galveston, Texas
Alma mater : University of Houston–Clear Lake, (B.A.)
: South Texas College of Law, (J.D.)
Occupation : Chief Executive Officer of Delta Air Lines
Salary : US$725,000
Spouse(s) : Sue Anderson
Children : Katy and Rick
Richard H. Anderson (born 1955) is an American businessman and is the former Chief Executive Officer of Delta Air Lines, serving his position from September 1, 2007 until May 2, 2016. Delta operates an extensive domestic and international network serving over 330 destinations in over 60 countries on six continents.
Prior to his role as Chief Executive of Delta, Anderson has served in previous executive positions as CEO of Northwest Airlines from 2001 to 2004, which would later merge with Delta and Executive Vice President of United Healthcare from 2004-2007.
On February 3, 2016, Delta Air Lines announced Anderson would retire as CEO effective May 2, 2016 and assume position as Executive Chairman of the Delta Air Lines board of directors.
Richard C. Notebaert (born 1947 in Montreal, Canada) is the former Chairman and CEO of Qwest, Tellabs and Ameritech. He was credited for saving Qwest from bankruptcy, and making Ameritech the most successful “Baby Bell”.
Notebaert is a member of the board of directors of Aon Corp., Cardinal Health Inc. and American Electric Power Company, Inc. He is also the Chair of University of Notre Dame’s Board of Trustees. In 2003, Notebaert was appointed by President Bush to the National Security Telecommunications Advisory Committee.
Notebaert was born in Montreal, Quebec, Canada in 1947 and grew up in Columbus, Ohio. After graduating from University of Wisconsin–Madison with a bachelor’s degree in 1969, he joined Wisconsin Bell marketing operation. He was promoted to the vice president of marketing and operations in 1983 after he obtained an MBA from University of Wisconsin–Milwaukee. After that he had been president of Ameritech Mobile Communications, Indiana Bell Telephone Company, Ameritech Services. In 1994, he became the president and CEO of Ameritech Corporation. He was the chairman and CEO of Tellabs from 2000 to 2002. Notebaert became the chairman and CEO of Qwest Communications International, Inc. in June 2002. He retired in August 2007.
Richard “Dick” Severin Fuld, Jr. (born April 26, 1946) is an American banker best known as the final Chairman and Chief Executive Officer of Lehman Brothers. Fuld had held this position since the firm’s 1994 spinoff from American Express until 2008. Lehman Brothers filed for bankruptcy protection under Chapter 11 on September 15, 2008, and subsequently announced a sale of major operations to parties including Barclays Bank and Nomura Securities.
Fuld was nicknamed the “Gorilla” on Wall Street for his competitiveness.Condé Nast Portfolio ranked Fuld number one on their Worst American CEOs of All Time list, stating he was “belligerent and unrepentant”.Fuld was also named in Time magazine’s list of “25 People to Blame for the Financial Crisis”.
He then began his career with Lehman Brothers in 1969, the year the firm’s senior partner Robert Lehman died, and stayed at the company until its bankruptcy. He began as a commercial paper trader and rose rapidly.
Fuld worked for Lehman for nearly 40 years. During this time, Fuld witnessed and participated in the numerous changes which the organization endured, including its merger with Kuhn, Loeb & Co, its acquisition by American Express, its merger with E.F. Hutton, and its ultimate spin-off from American Express in 1994, once again as Lehman Brothers.
Chief Executive Officer:
Having served as CEO from 1994 through the firm’s collapse in 2008, Fuld was the longest-tenured CEO on Wall Street at the time of the financial crisis of 2008. Fuld had steered Lehman through the 1997 Asian Financial Crisis, a period where the firm’s share price dropped to $22 in 1998. Lehman had a yearly loss of $102 million in 1993, but after Fuld became CEO the firm had fourteen straight years of profits, including one of $4.2 billion in 2007, although in 2008 it reported a Q2 loss of $2.8 billion and filed for bankruptcy later that year. Similar to the fall of Barings Bank this was accomplished by driving up company earnings through excessive leverage and risk.
Fuld had a succession of “number twos” under him, usually titled as President and Chief Operating Officer. T. Christopher Pettit served until November 26, 1996, when he lost a power struggle with his deputies, likely brought about after Pettit had a mistress, which violated Fuld’s unwritten rules on marriage and social etiquette. Bradley Jack and Joseph M. Gregory were appointed co-COOs in 2002, however Jack was demoted to the Office of the Chairman in May 2004 and departed in June 2005 with a severance package of $80 million, making Gregory the sole COO and President. Along with CFO Erin Callan, Gregory was demoted on June 12, 2008, and replaced by Bart McDade, who would see Lehman through bankruptcy.
In 2006, Institutional Investor magazine named Fuld America’s top chief executive in the private sector. That same year in December, Fuld told The Wall Street Journal, “as long as I am alive this firm will never be sold.” In March 2008, Fuld appeared in Barron’s list of the 30 best CEOs and was dubbed “Mr. Wall Street”.
Overall, Fuld received nearly half a billion dollars in total compensation from 1993 to 2007.In 2007, he was paid a total of $22,030,534, which included a base salary of $750,000, a cash bonus of $4,250,000, and stock grants of $16,877,365. According to Bloomberg Businessweek, Fuld “famously demanded loyalty of everyone around him and demonstrated his own by keeping much of his wealth tied up in the firm”, even buying Lehman shares on margin, according to a friend.
Bankruptcy and aftermath:
Fuld was initially praised for handling the initial subprime mortgage crisis well, better than any of the other bulge bracket firms, behind Goldman Sachs.
Fuld was said to have underestimated the downturn in the US housing market and its effect on Lehman’s mortgage bond underwriting business.Fuld was already the longest tenured CEO on Wall Street and kept his job as the subprime mortgage crisis took hold, while CEOs of rivals like Bear Stearns, Merrill Lynch, and Citigroup were forced to resign.In addition, Lehman’s board of directors, which includes retired CEOs like Vodafone’s Christopher Gent and IBM’s John Akers were reluctant to challenge Fuld as the firm’s share price spiraled lower.
Fuld would be criticized for not completing several proposed deals, either a capital injection or a merger, that would have saved Lehman Brothers from bankruptcy. Interested parties had included Warren Buffett and the Korea Development Bank.Fuld was said to have played a game of brinkmanship, refusing to accept offers that could have rescued the firm because they didn’t reflect the value he saw in the bank.
However, New York magazine had a different view on Fuld’s last three months as CEO before the firm’s bankruptcy. Hugh “Skip” McGee III, then-head of the Investment Banking Division, had earlier disagreed with COO Joseph M. Gregory’s appointment of one of his subordinates, Erin Callan, as CFO. On June 11, 2008, McGee organized a meeting of the firm’s senior bankers, who forced Fuld to demote Callan and Gregory. Gregory’s replacement as president and COO was Bart McDade. While Fuld remained CEO in title, it has been said that a management coup had taken place and that the one guy in charge was now McDade. New York magazine’s account also stated that Fuld was desperately searching for a buyer during the summer and even offering to step aside as CEO to facilitate the sale of the firm, being quoted as saying “We have two priorities, that the Lehman name and brand survive and that as many employees as possible be saved, and you’ll notice our priority isn’t price”.
In his 2009 book A Colossal Failure Of Common Sense, Larry McDonald—a senior Lehman Brothers trader in the years leading up to the crash wrote that Fuld’s “smoldering envy” of Goldman Sachs and other Wall Street rivals led him to ignore warnings from Lehman executives about the impending crash, and that Fuld insisted the firm’s chief risk officer left the boardroom during key discussions.
In October 2008, Fuld was among twelve Lehman Brothers executives who received grand jury subpoenas in connection to three criminal investigations led by the United States Attorney’s offices in the Eastern and Southern Districts of New York as well as the District of New Jersey, related to the alleged securities fraud associated with the collapse of the firm.
On October 6, 2008, Fuld testified before the United States House Committee on Oversight and Government Reform regarding the causes and effects of the bankruptcy of Lehman Brothers.During the testimony, Fuld was asked if he wondered why Lehman Brothers was the only firm that was allowed to fail, to which he responded: “Until the day they put me in the ground, I will wonder.”
Soon after Lehman filed for bankruptcy, there was a well circulated rumor – promulgated initially by the satirical financial blog “Dealbreaker” and overly excited reporters – that Fuld was “punched in the face” and/or “knocked out cold” by someone while working out in the company gym. According to the man who was gym manager at the time, this never happened.
He is the founder of System Capital Management, a company that controls 60 percent o fthe coal and energy production of Ukraine. He is a Member of Parliament in Ukraine and he also owns the Shakhtar Donetsk football club.
He is called the Sugar King of Southeast Asia. He has several sugarcane plantations and he also has business interests in hotels and publishing companies. He is considered to be the richest person in the region.
Robert Montague Noel (born 12 June 1964) is a British businessman, the chief executive (CEO) of Land Securities, the largest commercial property company in the UK.
He is the eldest son of Henry Methuen Noel Noel (1927–1998), an Army officer and a fellow of the Chartered Institute of Secretaries, and Helen Elizabeth Anne Hutchinson. Noel was educated at Marlborough College. He went on to study at Reading University and graduated with a bachelor’s degree in 1986. is a qualified chartered surveyor.
On 31 March 2012, Francis Salway was succeeded as chief executive of Land Securities by Noel. Noel had been managing director of the company’s London properties, having joined Land Securities in January 2010 from Great Portland Estates plc, where he had been property director since 2002.
Noel has had other roles as chairman of the Westminster Property Association, a Director of The New West End Company and a trustee and director of the charity LandAid.
Noel and his French wife Sophie have a son and two daughters, and own homes in London and Frinton-on-Sea, Essex. Noel has a tattoo on his bottom (believed to be a swallow), obtained in Thailand in his youth
He is one of the richest entrepreneurs who made their wealth in the Internet. He is the owner of Baidu, the largest search engine in China and the third largest in the world. The technology behind Baidu is an algorithm developed by Li that allows for site scoring and ranking