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… Read more »
Al Harris
Kansas company wants to buy Qimonda property
The former Qimonda plant in eastern Henrico County has a prospective buyer.
The Pipeline: Commercial Real Estate Round Up for 3.5.10
Virginia Credit Union purchased the former Hops Restaurant building at 9498 West Broad Street in Henrico County from BRC Richmond, LLC for $1,450,000. Woods Rogers, PLC subleased 5,100 square feet at Riverfront Plaza, 901 E. Byrd St., in Richmond.
Double shot gets new meaning
There all sorts of new gun laws being introduced this year by the Virginia legislature, but Starbucks is getting all the buzz when it comes to gun enthusiasts. The coffee chain is getting a lot of attention over their policy to allow customers to openly carry firearms in states that have open carry laws, including… Read more »
Richmond-based group pushes for cap and trade
The Commonwealth Business Council for a Competitive Economy recently formed to give a voice to businesses that support a cap and trade bill, most of which are engaged in green industries.
Huge turnout for handmade bike show
BizSense didn’t make it to the Shimano North American Handmade Bicycle Show at the convention center this past weekend, but 6,800 other people did, according to Bicycle Retailer and Industry News. That is the second highest attended show in the expo’s six year history. In 2008, about 7,000 cycling enthusiasts went to the Portland, Ore…. Read more »
Nearly 20,000 more tickets in 2009
After you read this, you might want to go move your car real quick.
Government report warns of commercial real estate crisis
A wave of commercial foreclosures could trigger economic damage that affects the lives of every American, according to a report released by the Congressional Oversight Committee. From the panel: “Commercial real estate loans made over the last decade — including retail properties, office space, industrial facilities, hotels and apartments — totaling $1.4 trillion will require… Read more »
Developers cling to Reynolds site
Developers have signed a contract to purchase the Reynolds Metals properties along the Canal Walk to build apartments, shops and restaurants.
The Herd: New hires and promotions for 2.24.10
A retiring university president joins one the board of one of the area’s biggest companies and a hard-nosed reporter gets shown the door, all in this week’s Herd.