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Capital One Financial Corporation is an American bank holding company founded on July 21, 1994, and specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States. [2]
Richard Dana Fairbank (born September 18, 1950) [1] is an American billionaire businessman who co-founded Capital One with Nigel Morris in 1988. [2] [3] He was on the board of directors of MasterCard International from 2004 to 2006.
During Morris's ten-year tenure while he served as President, Capital One's net income after taxes (NIAT) grew at a compound annual rate of more than 32%. [citation needed] He left the bank in 2004, shifting to venture capital investing. [9] In 2007 Morris founded QED Investors with CIO Frank Rotman. [11]
Musk joined Tesla as a venture capital backer and co-founder in 2003. Tesla ’s first car was the roadster, and the company spent several years dominating the EV market, although it has recently ...
His son, Jon B. Lovelace Jr., [1] a Hotchkiss School 1944 graduate, [2] served as an executive at Capital Group Companies. In 2007, his son and family were ranked #840 on the Forbes Billionaires List worth $1.1 billion. [3] As of 2019, grandson Rob Lovelace serves as an investment manager for a Capital Group fund. [4]
Capital Group is an American financial services company. It ranks among the world's oldest and largest investment management organizations, with over $2.6 trillion in assets under management . Founded in Los Angeles , California in 1931, it is privately held and has offices around the globe in the Americas , Asia , Australia and Europe .
The two then took over Commercial Credit, a consumer finance company, from Control Data. At age 30, Dimon was appointed chief financial officer , [ 16 ] helping turn around the company. In 1998, through a series of mergers and acquisitions, Dimon and Weill formed a large financial services conglomerate: Citigroup .
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