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";s:4:"text";s:8584:"Please contact Amit Batish, Content Manager, at abatish@equilar.com for more information on Equilar research and data analysis. Mastercard announced in April 2010 that Banga, previously its president and chief operating officer, would become president and chief executive officer, effective July 1, 2010, and a member of the board of directors, effective immediately. He has held the position of CEO since 2010, which was when he was promoted from his previous position of COO. Ajaypal Singh Banga serves as Chief Executive Officer of the Company. You can see the complete history of Mr. Banga stock trades at the bottom of the page. . The company was founded in 1966 and is headquartered in Purchase, NY. His nationality and ethnicity is Indian. He is the president and chief executive officer (CEO) of Mastercard. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. Mastercard, Inc. operates as a technology company. 2017. In addition, he makes $23,250,000 as Chief Executive Officer at Mastercard. The largest trade he's ever made was exercising 252,600 units of Mastercard stock on 1 May 2019 worth over $11,599,392. Ajay Banga was raised in Khadki, Pune, Maharashtra in India. Last updated: 3 September 2020 at 5:59pm EST. On January 1, 2021, Micahel Miebach will assume the role of Chief Executive Officer. He is the son of Harbhajan Singh Banga, a retired army officer, and was brought up in a traditional family with his older brother Manvinder Singh Banga, who is also well known as CEO of equity fund Clayton Dubilier Rice. Since his promotion, Banga has had an enormous impact on Mastercard and beyond. Most recently he exercised 61,067 units of MA stock worth $3,165,103 on 23 July 2020. His yearly salary or pay package was $12.57 million in 2012 and his net worth is estimated at $1.2 billion. As of 23 July 2020 he still owns at least 384,371 units of Mastercard stock. As Chief Executive Officer at MASTERCARD INC, Ajay Banga made $23,249,977 in total compensation. He is currently in the Top 10 list of highest paid Indian American CEOs. On average, Ajaypal trades about 31,951 units every 64 days since 2009. Subscribe to our Newsletter to stay informed about upcoming events and webinars. Mastercard's chief executive officer of 10 years, Ajay Banga, will step down at the start of the next year, the company said on Tuesday, and be replaced by Chief Product Officer Michael Miebach. In connection with his appointment as President, Mr. Miebach's annual base salary has increased to $750,000 with an annual bonus opportunity of $1,125,000. Mastercard executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. He will also receive an equity grant with a target grant date value of $6,250,000. (877) 441-6090 Mastercard announced the transition of President and CEO Ajay Banga to Executive Chairman of the Board, effective January 1, 2021. Ajaypal Singh Banga Net Worth $1.2 Billion. The most active insiders traders include Foundation Mastercard, Lance Darrell Gordon Uggla, and Richard K Davis. To view the details of the transition, please click here. The estimated Net Worth of Ajay Banga is at least $229 Million dollars as of 23 July 2020. He will assume the role of President effective March 1, 2020. If you'd like, we can send our newsletters straight to your inbox. We think total compensation is more important but we note that the CEO salary is lower, at US$1.3m. Paycheck.in is connected to the WageIndicator Network. From 2010-2018, Banga realized $199,587,928 in total compensation. Banga, who took charge of the company just after the 2008-09 financial crisis, has seen the payment processor's revenue triple during his tenure as online shopping gained prominence around the world. Mr. Banga is the 6th CEO from the Equilar 500 to announce their resignation in 2020. Executive positions at Citigroup (1996-2009), including CEO, Asia Pacific region; Chairman and CEO, International Global Consumer Group; Executive Vice President, Global Consumer Group; President, Retail Banking, North America; and business head for CitiFinancial and the U.S. Consumer Assets Division Previous experience at Nestlé India and PepsiCo totaling 15 years, in roles of increasing responsibility. Ajay Banga is Chairman at Mastercard Inc. See Ajay Banga's compensation, career history, education, & memberships. Ajaypal Banga is 60, he's been the Chief Executive Officer of Mastercard since 2020. The oldest executive at Mastercard, Inc. is Jackson Tai, 70, who is the Independent Director. There are 7 older and 18 younger executives at Mastercard. Mr. Miebach is currently Chief Product Officer and a member of the Company's Management Committee. Here are 10 things that you may or may not have known about Ajaypal Singh Banga: 1. Photo attribution: Mr. John T. Chambers and Mr. Ajay Banga from the US-India Business Council, call on the Prime Minister, Shri Narendra Modi, in New Delhi on February 15, 2016. What is the salary of Ajaypal Banga? Mr. Banga has been CEO since July 2010. Simplywall.st Nov 2019: Mastercard Incorporated reported total annual CEO compensation of US$20m for the year to December 2018. From 2010-2018, Banga realized $199,587,928 in total compensation. Over the last 14 years, insiders at Mastercard have traded over $2,386,780,427 worth of Mastercard stock and bought 6,710 units worth $1,633,187 Of this total $1,250,000 was received as a salary, $5,664,063 was received as a bonus, $7,450,079 was received in stock options, $8,650,134 was awarded as stock and $235,701 came from other types of compensation. info@equilar.com. Powered by the WageIndicator Foundation - Share and compare wages, understand Labour Laws and spot career opportunities. Living and Working during the Coronavirus Pandemic - Bring me the Covid 19 Survey and Daily Updates, Cite this page © WageIndicator 2020 - Paycheck.in -, Minimum Wages across India and Skill levels, Media & Journalism - Working Conditions India, Why is there a difference in living and minimum wage in Maharashtra, Minimum Wages versus Living Wages - a video, Living and Working during the Coronavirus Pandemic, Survey on Living and Working in India during Coronavirus, Coronavirus Work & Life in Maps and Graphs - updated daily for India, Daily updated Maps on Living and Working during Coronavirus, Daily updated Graphs on Living and Working during Coronavirus, Share your Story about Working for a Platform. As the Chief Executive Officer of Mastercard, the total compensation of Ajaypal Banga at Mastercard is $23,250,000. We think total compensation is more important but we note that the CEO salary is lower, at US$1.3m. There are no executives at Mastercard getting paid more. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs. • Business Development & Board Relationships, 1100 Marshall St., Redwood City, CA 94063, 211 W. Wacker Dr. #800B, Chicago, IL 60606, 1120 Avenue of the Americas, Suite #4045, New York, NY 10036, Incentive Plan Analytics Calculator (IPAC), Business Development & Board Relationships. As the Chief Executive Officer of Mastercard, the total compensation of Ajaypal Banga at Mastercard is $23,250,000. We're looking for talented people to join our team. Press the "ESC" key or click the "x" button at the top right to exit. Ajaypal "Ajay" Singh Banga (born 1960) is an Indian-American business executive. There are no executives at Mastercard getting paid more. Mr. Banga owns over 61,067 units of Mastercard stock worth over $135,829,024 and over the last 11 years he sold MA stock worth over $69,986,261. Banga is a firm believer of diversity in the workplace. Brielle Ferdinand, Research Analyst at Equilar, authored this post. The most recent stock trade was executed by Ajay Bhalla on 9 October 2020, trading 5,000 units of MA stock currently worth $210,200. On January 1, 2021, Micahel Miebach will assume the role of Chief Executive Officer. On average, Mastercard executives and independent directors trade stock every 10 days with the average trade being worth of $16,295,042. Ajaypal Singh Banga is both the CEO and the President of Mastercard. Ajaypal has made over 10 trades of the Mastercard stock since 2013, according to the Form 4 filled with the SEC. ";s:7:"keyword";s:17:"ajay banga salary";s:5:"links";s:1105:"Grizzly Movie 2014, Brakes Coupons, British Virgin Islands Government, Thomas Becket School, Is Uncle Vanya A Comedy, Western Technical Force, St Croix Regional Medical Center Frederic, Wi, Longueuil évaluation Roll, The Quiet Things That No One Ever Knows Guitar, ";s:7:"expired";i:-1;}