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▶ 15:47 · $MA · Banga credits employee ownership for MasterCard's 18x stock rise and thousands of millionaires
episode briefing
In Good Company with Nicolai Tangen

Ajay Banga - President of World Bank | Podcast | In Good Company | Norges Bank Investment Management

2023-10-11 · 2 company · 18 thematic
sentiment
2 bull0 bear0 neu
speakers
ajay banga

President of the World Bank since 2023; previously CEO of MasterCard (2010-2021) where he grew share price ~18x and expanded employee stock ownership to tens of thousands; earlier career at Citibank, PepsiCo, and Nestlé in India.

quote
“in my first year or so that I was there the MasterCard had just done its IPO a year year and a half earlier and had come out from being owned by Banks to being publicly owned and uh the uh level of penetration of stock ownership plans was…”
—ajay banga
now playing · $MA
$MA···bullish· highajay banga
Banga credits employee ownership for MasterCard's 18x stock rise and thousands of millionaires
Broad-based employee stock ownership aligns incentives, creates skin in the game, and lets staff feel both the pain and pleasure of company performance, driving long-term value cr…
$MA···bullish· highajay banga
Banga reflects on Mastercard's 18x stock rise and employee ownership model creating thousands of millionaires
Broad-based employee stock ownership aligned incentives, created wealth for thousands of employees, and drove long-term performance; long-term shareholders should advocate for suc…