File:RichardDonchian.jpg

Official corporate photograph of Mr Richard Donchian, of Investment management fame, slightly shrunk and cropped, Fair use illustrating Richard Donchian: it was created for the purpose (in a manner of speaking) of promoting him, it is very small, it's in an educational work, and it's unlikely to affect anybody's ability to profit. Taken from source:

License
User:Quadell asserts that the limited use of this copyrighted image in Wikipedia articles directly pertaining to it is a fair use of the image, for the following reasons:
 * It depicts a deceased person. Therefore no new images of the subject can be created.
 * No free-license alternatives are available that convey the same information.
 * The image is no larger, and of no higher quality, than required for its use in articles.
 * It is used in Wikipedia only for educational purposes and is not used for profit.
 * Its use on Wikipedia does not compete with the copyright holder.
 * Its use on Wikipedia is not expected to decrease the value of the copyright to its holder.