Capital One’s Richard Fairbank fifth-highest paid CEO

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Richard D. Fairbank, CEO of Capital One Financial Corp. in McLean, came in at No. 5 in a Wall Street Journal report of the best-paid executives of public companies during the past decade. 

In an annual review of CEO pay, the Journal said Fairbank earned $569 million during the last 10 years. Most of the money — $249 million —  was earned in 2005 when Fairbank obtained big gains from options granted in 1995. Over that period, Capital One shares increased eightfold, the Journal said. 

Fairbank hasn’t been paid a salary or bonus since 1997, preferring instead to be paid through options or performance-based shares. 

The top paid executive was Larry Ellison, founder and CEO of software maker Oracle Corp.,  who received $1.8 billion in compensation. 

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