Capital One Financial Corp. Friday launched an entrepreneurial compensation program, saying it was committed to "aligning the interests of senior management with that of stockholders."

Under the new program, the company's two top executives, Richard D. Fairbank and Nigel Morris, have given up all remaining compensation through the year 2001 in exchange for performance- based options. Another 141 executives are eligible for the plan.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.