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 “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
He is the owner of Millhouse LLC. He started out by stealing fuel intended for the Russian Army. He then made different investments, from doll making to providing bodyguard services. He is also the owner of the London-based football club called Chelsea. He is one of the richest men in Russia.
He is the owner of MacAndrews & Forbes Holdings Inc. He has investments in different industries and fields, from cigar, makeup, cars, photography, camping, security, lottery, banks and even comic books. He is also one of the largest donors to charity every year.
Keith Rupert Murdoch (born 11 March 1931) is an Australian-born American media proprietor. His father, Keith Arthur Murdoch, had been a reporter and editor and a senior executive of the Herald and Weekly Times newspaper publishing company covering all Australian states except New South Wales. After his father’s death in 1952 Keith Rupert Murdoch declined to join his late father’s registered public company and created his own private company, News Limited. Murdoch thus had full control as Chairman and CEO of Global Media Holding Company News Corporation, now the world’s second-largest media conglomerate, and its successors, News Corp and 21st Century Fox, after the conglomerate split on 28 June 2013.
In the 1950s and 1960s, Murdoch acquired a number of newspapers in Australia and New Zealand, before expanding into the United Kingdom in 1969, taking over the News of the World, followed closely by The Sun. Murdoch moved to New York City in 1974, to expand into the U.S. market; however, he retained interests in Australia and Britain. In 1981, Murdoch bought The Times, his first British broadsheet, and became a naturalized U.S. citizen in 1985 to satisfy the legal requirement for U.S. television ownership.
In 1986, keen to adopt newer electronic publishing technologies, Murdoch consolidated his UK printing operations in Wapping, causing bitter industrial disputes. Murdoch’s News Corporation acquired Twentieth Century Fox (1985), HarperCollins (1989), and The Wall Street Journal (2007). Murdoch formed the British broadcaster BSkyB in 1990, and during the 1990s expanded into Asian networks and South American television. By 2000, Murdoch’s News Corporation owned over 800 companies in more than 50 countries, with a net worth of over $5 billion.
In July 2011, Murdoch faced allegations that his companies, including the News of the World, owned by News Corporation, had been regularly hacking the phones of celebrities, royalty, and public citizens. Murdoch faces police and government investigations into bribery and corruption by the British government and FBI investigations in the U.S. On 21 July 2012, Murdoch resigned as a director of News International. On 1 July 2015, Murdoch left his post as CEO of 21st Century Fox. Murdoch and his family own both 21st Century Fox and News Corp through the Murdoch Family Trust.
Murdoch was born Keith Rupert Murdoch on 11 March 1931 in Melbourne, Australia to Sir Keith Murdoch (1885–1952) and Elisabeth Joy Greene (later Dame Elisabeth Murdoch) (1909–2012), daughter of Rupert Greene. He is of English, Irish, and Scottish ancestry. Murdoch’s parents were also born in Melbourne. Keith Murdoch was a war correspondent and later a regional newspaper magnate owning two newspapers in Adelaide, South Australia, and a radio station in a faraway mining town. Later in life, Keith Rupert chose to use Rupert, the first name of his maternal grandfather.
Keith Murdoch the elder asked to meet with his future wife after seeing her debutante photograph in one of his own newspapers and they married in 1928, when she was aged 19 and he was 23 years older. In addition to Rupert, the couple had three daughters: Janet Calvert-Jones, Anne Kantor and Helen Handbury (1929–2004). Murdoch attended Geelong Grammar School, where he was co-editor of the school’s official journal The Corian and editor of the student journal If Revived.He took his school’s cricket team to the National Junior Finals. He worked part-time at the Melbourne Herald and was groomed by his father to take over the family business. Murdoch read Philosophy, Politics and Economics at Worcester College, Oxford in England, where he supported the Labour Party, stood for Secretary of the Labour Club and managed Oxford Student Publications Limited, the publishing house of Cherwell. After her husband’s death from cancer in 1952, Elisabeth Murdoch did charity work, as life governor of the Royal Women’s Hospital in Melbourne and established the Murdoch Childrens Research Institute. At the age of 102 (in 2011), she had 74 descendants. Murdoch completed an MA before working as a sub-editor with the Daily Express for two years.