Capital One CEO pay drops by one third

Richard Fairbank, CEO and chairman of McLean-based credit card company Capital One Financial Corp, took a pay cut last year. But he still made off with $11 million.

According to the company’s proxy statements, Fairbank earned $11.09 million in total compensation, a 35 percent drop from 2008.

Fairbanks made $7 million from stock awards and $4 million in option awards. The rest came from pension value, non-qualified deferred compensation and all other compensation. That includes $45,326 for his driver/bodyguard.

Capital One reported $319.9 million in net income in 2009.

Washington Business Journal has some interesting statistics on how much you would made if you invested in the company five years ago:

If $100 had been invested in Capital One (NYSE: COF) five years ago, it would’ve been worth $45.53 at the end of 2009. The same investment made in the Standard & Poors 500 Financials Index would’ve been worth $47.14. If made in the general Standard & Poors 500 Index, the investment would’ve been worth $92.01, according to Capital One’s most recent annual report.

Richard Fairbank, CEO and chairman of McLean-based credit card company Capital One Financial Corp, took a pay cut last year. But he still made off with $11 million.

According to the company’s proxy statements, Fairbank earned $11.09 million in total compensation, a 35 percent drop from 2008.

Fairbanks made $7 million from stock awards and $4 million in option awards. The rest came from pension value, non-qualified deferred compensation and all other compensation. That includes $45,326 for his driver/bodyguard.

Capital One reported $319.9 million in net income in 2009.

Washington Business Journal has some interesting statistics on how much you would made if you invested in the company five years ago:

If $100 had been invested in Capital One (NYSE: COF) five years ago, it would’ve been worth $45.53 at the end of 2009. The same investment made in the Standard & Poors 500 Financials Index would’ve been worth $47.14. If made in the general Standard & Poors 500 Index, the investment would’ve been worth $92.01, according to Capital One’s most recent annual report.

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