Best CEOs: Richard Fairbank -- Barron's

Dow Jones

2025/06/24

(Editor's Note: This article should have published on June 20, 2025, but was delayed due to a technical issue)

By Andrew Bary

Capital One Financial

Capital One Financial is the only Top 10 U.S. bank led by a founder CEO. A relatively small credit-card bank three decades ago that catered partly to subprime borrowers, it is now one of the country's three largest credit-card and auto lenders. A recent $35 billion deal to buy Discover Financial will give it a payments network to take on giants Visa, Mastercard, and American Express.

Richard Fairbank, 74, was an early believer in technology. Capital One built the first national digital bank and uses technology, including artificial intelligence, to price loans. It is adept at credit-card mailings, and will slice potential customers into dozens of different buckets.

"Capital One is a fintech company disguised as a bank, and no one on Wall Street or in the tech sector gets it," says Chris Davis, chairman and portfolio manager at Davis Advisors, which counts the stock as a top holding.

Davis thinks the Discover deal will be a "home run."

Fairbank earned $33.5 million in 2024 and received a $30 million bonus to mark the closing of the Discover deal. He owns 1% of the stock. He is a minority shareholder in the company that owns the Washington Capitals NHL hockey team and Washington Wizards of the NBA.

(END) Dow Jones Newswires

June 23, 2025 21:32 ET (01:32 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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It is adept at credit-card mailings, and will slice potential customers into dozens of different buckets. \n</p>\n<p>\n  \"Capital One is a fintech company disguised as a bank, and no one on Wall Street or in the tech sector gets it,\" says Chris Davis, chairman and portfolio manager at Davis Advisors, which counts the stock as a top holding. \n</p>\n<p>\n  Davis thinks the Discover deal will be a \"home run.\" \n</p>\n<p>\n  Fairbank earned $33.5 million in 2024 and received a $30 million bonus to mark the closing of the Discover deal. He owns 1% of the stock. He is a minority shareholder in the company that owns the Washington Capitals NHL hockey team and Washington Wizards of the NBA. \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 23, 2025 21:32 ET (01:32 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Best CEOs: Richard Fairbank -- Barron's</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBest CEOs: Richard Fairbank -- Barron's\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-24 09:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  (Editor's Note: This article should have published on June 20, 2025, but was delayed due to a technical issue) \n</p>\n<pre>\nBy Andrew Bary \n</pre>\n<p>\n  Capital One Financial \n</p>\n<pre>\n \n</pre>\n<p>\n  Capital One Financial is the only Top 10 U.S. bank led by a founder CEO. A relatively small credit-card bank three decades ago that catered partly to subprime borrowers, it is now one of the country's three largest credit-card and auto lenders. A recent $35 billion deal to buy Discover Financial will give it a payments network to take on giants <a href=\"https://laohu8.com/S/V\">Visa</a>, Mastercard, and American Express. \n</p>\n<p>\n  Richard Fairbank, 74, was an early believer in technology. Capital One built the first national digital bank and uses technology, including artificial intelligence, to price loans. It is adept at credit-card mailings, and will slice potential customers into dozens of different buckets. \n</p>\n<p>\n  \"Capital One is a fintech company disguised as a bank, and no one on Wall Street or in the tech sector gets it,\" says Chris Davis, chairman and portfolio manager at Davis Advisors, which counts the stock as a top holding. \n</p>\n<p>\n  Davis thinks the Discover deal will be a \"home run.\" \n</p>\n<p>\n  Fairbank earned $33.5 million in 2024 and received a $30 million bonus to mark the closing of the Discover deal. He owns 1% of the stock. He is a minority shareholder in the company that owns the Washington Capitals NHL hockey team and Washington Wizards of the NBA. \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 23, 2025 21:32 ET (01:32 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COF","symbol_name":"第一资本","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2545422603","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545422603","pubTimestamp":1750728720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Capital One Financial is the only Top 10 U.S. bank led by a founder CEO. A relatively small credit-card bank three decades ago that catered partly to subprime borrowers, it is now one of the country's three largest credit-card and auto lenders. A recent $35 billion deal to buy Discover Financial will give it a payments network to take on giants Visa, Mastercard, and American Express.Richard Fairbank, 74, was an early believer in technology. Capital One built the first national digital bank and uses technology, including artificial intelligence, to price loans. 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A relatively small credit-card bank three decades ago that catered partly to subprime borrowers, it is now one of the country's three largest credit-card and auto lenders. A recent $35 billion deal to buy Discover Financial will give it a payments network to take on giants Visa, Mastercard, and American Express. \n\n\n  Richard Fairbank, 74, was an early believer in technology. Capital One built the first national digital bank and uses technology, including artificial intelligence, to price loans. It is adept at credit-card mailings, and will slice potential customers into dozens of different buckets. \n\n\n  \"Capital One is a fintech company disguised as a bank, and no one on Wall Street or in the tech sector gets it,\" says Chris Davis, chairman and portfolio manager at Davis Advisors, which counts the stock as a top holding. \n\n\n  Davis thinks the Discover deal will be a \"home run.\" \n\n\n  Fairbank earned $33.5 million in 2024 and received a $30 million bonus to mark the closing of the Discover deal. He owns 1% of the stock. He is a minority shareholder in the company that owns the Washington Capitals NHL hockey team and Washington Wizards of the NBA. \n\n\n  (END) Dow Jones Newswires\n\n\n  June 23, 2025 21:32 ET (01:32 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}