MasterCard CEO Pay Rises to $15.5 Million for 2015
April 29 2016 - 3:00PM
Dow Jones News
MasterCard Inc. Chief Executive Ajay Banga was paid $15.5
million in 2015, up 16% from a year prior.
His total 2015 compensation includes a base salary of $1.2
million, stock and option awards of $10.5 million and incentive
plan compensation of $3.6 million. His base salary is up 13% from
the year before and his stock and option awards are up 23.5%.
On Thursday, MasterCard said its profit slid 6% in the first
quarter as the card company offered increased rebates to grab more
customers. Results topped expectations as transaction volume grew
at double-digit rates but profit decreased.
Card companies have been competing heavily to attract new
customers, in the face of more cautious consumer spending. In its
latest quarter, higher rebates and promotional activity helped
MasterCard's top line but the discounting hurt earnings.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
April 29, 2016 14:45 ET (18:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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