CEO Made $249 Million in ’05 on Stock Options
From Bloomberg News
Capital One Financial Corp. Chief Executive Richard Fairbank made $249 million last year from exercising half his options for shares of the credit card issuer as it prepares to buy North Fork Bancorp.
Fairbank, who received no salary or bonus for an eighth year, received options valued at $18 million in 2005, bringing the total value of his remaining options to $306 million, a company filing showed. Most of the gain was from grants expiring last year and issued in 1995.
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