Richard K. Davis has a noteworthy career at U.S. Bancorp, where he served as CEO from 2006 to 2017. He kicked off his journey at the company as President and COO in 2004. Under his leadership, he implemented a pay-for-performance...
Richard K. Davis has a noteworthy career at U.S. Bancorp, where he served as CEO from 2006 to 2017. He kicked off his journey at the company as President and COO in 2004. Under his leadership, he implemented a pay-for-performance approach in executive compensation, focusing on linking payouts to the company's financial success. For 2017, his compensation was over $15 million, and he notably chose not to accept bonuses in 2008, showing a commitment to integrity in tough times. Davis stepped down as Chairman in 2018 and had earlier succeeded Jerry Grundhofer as CEO, taking the company through significant changes. He’s known for his cautious balance between risk and reward, helping the company navigate through challenges while still driving growth. Richard also brought valuable insights as a director on various boards and served as a voice for the financial industry through his leadership in various committees. His tenure is marked by an emphasis on risk management and aligning the interests of management with those of shareholders, which is crucial in the banking sector.