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▶ 19:41 · $MA · Banga reflects on Mastercard's 18x stock rise and employee ownership model creating 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 bank had 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 ownersh…”
—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…