Ajay Banga is executive chairman of the board of directors of Mastercard. Mastercard CEO Ajay Banga to step down in 2021; chief product officer Michael Miebach to take over Ajay 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. We think total compensation is more important but we note that the CEO salary is lower, at US$1.3m. Salary of Ajaypal Banga As the Chief Executive Officer of Mastercard, the total compensation of Ajaypal Banga at Mastercard is $23,250,000. ap. You may also find the annual proxy statement by going directly to the company's website. This report is not for commercial use. There are no executives at Mastercard getting paid more. Mastercard CEO of a decade, Ajay Banga, will step down at the beginning of next year. Simplywall.st Nov 2019: Mastercard Incorporated reported total annual CEO compensation of US$20m for the year to December 2018. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. We think total compensation is more important but we note that the CEO salary is lower, at US$1.3m. What is the salary of Ajaypal Banga? The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Professional Career As Chief Executive Officer at Mastercard Inc, Ajay Banga made $23,249,977 in total compensation. Banga also received $2.1M in bonus, $1.9M in non-equity incentive plan, $2.2M in option awards, $850K in salary and $149.3K in other 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. Mastercard announced the transition of President and CEO Ajay Banga to Executive Chairman of the Board, effective January 1, 2021. The estimated Net Worth of Ajay Banga is at least $226 Million dollars as of 23 July 2020. 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. His nationality and ethnicity is Indian. Monthly : ₹ 12,26,69,210.17. 33.12% of Banga's compensation, or $6.8M, was in stock awards.Banga also received $5.3M in non-equity incentive plan, $6.7M in option awards, $1.3M in salary, as well as $341.3K in other compensation. Check out our Digital Press Kit for more information on MasterCard's efforts to enhance His salary includes; $4.3 million as stock awards, $1 million as a base salary, $4.2 million in options, $2.5 million as a non-equity incentive plan compensation, and others. Ajay Banga's friends say that the brothers' upbringing in a Sikh family with an army background (their father is a retired lieutenant general) prepared them well. As Chief Executive Officer at Mastercard Inc, Ajay Banga made $23,249,977 in total compensation. Powered by the WageIndicator Foundation - Share and compare wages, understand Labour Laws and spot career opportunities. Salary Ajay Banga. Born in India, Ajaypal Banga began his career at Nestle and moved on to PepsiCo, where he helped launch its India-based fast food franchises. Ajaypal Singh Banga Net worth & salary (approx) – $1.2 billion, makes app. 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. How Does Ajay Banga's Compensation Compare With Similar Sized Companies? Simplywall.st Nov 2019: Mastercard Incorporated reported total annual CEO compensation of US$20m for the year to December 2018. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Banga, who took over the company shortly after the financial crisis of 2008-09, saw the payment processor’s revenue triple as online shopping gained prominence worldwide during his tenure. The current Chief Product Officer Michael Miebach will take over from Banga. Ajay Banga's friends say that the brothers' upbringing in a Sikh family with an army background (their father is a retired lieutenant general) prepared them well. Ajay Banga, President and Chief Executive Officer, MasterCard, thanks bKash, BRAC Bank and Western Union for their invaluable collaboration and support of the increasing importance of financial inclusion, as we move towards a World Beyond Cash. On January 1, 2021, Micahel Miebach will assume the role of Chief Executive Officer. From 2010-2018, Banga realized $199,587,928 in total compensation. In addition, he makes $23,250,000 as Chief Executive Officer at … According to our data, Mastercard Incorporated has a market capitalization of US$304b, and paid its CEO total annual compensation worth US$20m over the year to December 2018. Salary Ajay 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. His yearly salary or pay package was $12.57 million in 2012 and his net worth is estimated at $1.2 billion. 3 Ajaypal Singh Banga. Ajay Banga, MasterCard - Rs 5,200 crore. Mastercard CEO Ajay Banga explained in a new interview with The New York Times that the company's decision to cut ties with the popular pornography website Pornhub was a measure of legality rather than morality. We think total compensation is more important but we note that the CEO salary is lower, at US$1.3m. For its 2019 fiscal year, Mastercard Inc, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. According to our data, Mastercard Incorporated has a market capitalization of US$304b, and paid its CEO total annual compensation worth US$20m over the year to December 2018. Simplywall.st Nov 2019: Mastercard Incorporated reported total annual CEO compensation of US$20m for the year to December 2018. We think total compensation is more important but we note that the CEO salary is lower, at US$1.3m. 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. CEO - Mastercard - United States; Born: 1960, India; Annual: R343 375 722,00; Monthly: R28 614 643,50; Weekly: R6 603 379,27; Daily: R1 320 675,85; Simplywall.st Nov 2019: Mastercard Incorporated reported total annual CEO compensation of US$20m for the year to December 2018. MasterCard Inc. Chief Executive Ajay Banga was paid $15.5 million in 2015, up 16% from a year prior. The information shown here is a reporting of information included in the company's proxy statement. FILE PHOTO: Mastercard President and CEO Ajay Banga speaks to attendees during the Department of Homeland Security's Cybersecurity Summit in Manhattan, New York, U.S., July 31, 2018. We think total compensation is more important but we note that the CEO salary is lower, at US$1.3m. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). We think total compensation is more important but we note that the CEO salary is lower, at US$1.3m. Check salary, income and/or net worth of Ajay Banga at WageIndicator.co.uk Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Mastercard Inc annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Mr. Banga owns over 81,533 units of Mastercard stock worth over $121,357,987 and over the last 11 years he sold MA stock worth over $69,986,261. He is currently in the Top 10 list of highest paid Indian American CEOs. , Living and Working during the Coronavirus Pandemic, Survey on Living and Working in Canada during Coronavirus, Coronavirus Work & Life in Maps and Graphs - updated daily, Daily updated Maps on Living and Working during Coronavirus, Daily updated Graphs on Living and Working during Coronavirus. This information is according to proxy statements filed for the 2019 fiscal year. He is currently executive chairman of Mastercard, having previously served as president and CEO of the company from July 2010 until December 31, 2020. A few years ago, Ajay Banga, president and CEO of Mastercard, was searching for a concise way to describe his approach to community outreach and other social impact initiatives. As the CEO and the President of MasterCard Incorporated, Ajaypal makes an enormous earning up to $ 16.9 million per year. Simplywall.st Nov 2019: Mastercard Incorporated reported total annual CEO compensation of US$20m for the year to December 2018. DOW INC annual reports of executive compensation and pay … We think total compensation is more important but we note that the CEO salary is lower, at US$1.3m. Select this result to view Ajay Banga's phone number, address, and more. Ajaypal Banga biography. Ajaypal has made over 10 trades of the Mastercard stock since 2013, according to the Form 4 filled with the SEC. Ajaypal Banga biography. Ajay is related to Mohinder S Banga and Sudev S Singh as well as 2 additional people. Ajaypal Banga was born in 1960 in Khadki, a small town near the city of Pune, Maharashtra in India in a Saini Sikh family. Ajaypal Singh Banga serves as Chief Executive Officer of the Company. Mr. Banga owns over 61,067 units of Mastercard stock worth over $132,461,934 and over the last 11 years he sold MA stock worth over $69,986,261. Mastercard said CEO Ajay Banga will step down at the beginning of next year on Tuesday and will be replaced by Chief Product Officer Michael Miebach. A website quoted that Banga’s salary included $1 million in salary, $4.3 million in stock awards, $4.2 million in options and $2.5 million in a non-equity incentive plan compensation along with other elements. As the Chief Executive Officer of Mastercard, the total compensation of Ajaypal Banga at Mastercard is $23,250,000. Mastercard Inc income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Related Posts on Ajay Banga All proxy statements are public filings made available to the general public by the SEC. 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. Ajaypal Banga biography. CEO - Mastercard - United States; Born: 1960, India; Annual: R343 375 722,00; Monthly: R28 614 643,50; Weekly: R6 603 379,27; Daily: R1 320 675,85; Simplywall.st Nov 2019: Mastercard Incorporated reported total annual CEO compensation of US$20m for the year to December 2018. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. On January 1, 2021, Micahel Miebach will assume the role of Chief Executive Officer. They have also lived in Pearland, TX and Antioch, CA. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. He will also be receiving an equity grant with an estimated target value of $6.25 Mn. Ajay Banga: CEO Pay $23,249,977: Median Employee Pay $138,142: CEO Pay Ratio 168:1 Just before the start of our Convocation, here is a video of Mr. Ajay Banga, CEO MasterCard and an alumnus of IIMA! 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 … Mr. Banga has been CEO since July 2010. The President, Shri Pranab Mukherjee presenting the Padma Shri Award to Shri Ajaypal Singh Banga, at a … The current president and chief executive officer of MasterCard make a whopping $16.9 million a year. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Why you should listen. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Ajay Banga, President and Chief Executive Officer, MasterCard, thanks bKash, BRAC Bank and Western Union for their invaluable collaboration and support of the increasing importance of financial inclusion, as we move towards a World Beyond Cash. 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 … In the last ten years, he sold only stock worth over $69,9… There are no executives at Mastercard getting paid more. Check salary, income and/or net worth of Ajay Banga at WageIndicator.co.uk Ajay Banga was raised in Khadki, Pune, Maharashtra in India. 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. The current Chairman Richard Haythornthwaite will retire from his role once Banga assumes his new role. Living and Working during the Coronavirus Pandemic - Link me to the Covid 19 Survey and Daily Updates, Cite this page © WageIndicator 2021 - Mywage.ca -, He is currently in the Top 10 list of highest paid Indian American CEOs. He is currently executive chairman of Mastercard, having previously served as president and CEO of the company from July 2010 until December 31, 2020. The chart on this page features a breakdown of the total annual pay for Ajay Banga, Chief Executive Officer at Mastercard Inc as reported in their proxy statements. How Does Ajay Banga's Compensation Compare With Similar Sized Companies? Check salary, income and/or net worth of Ajay Banga at Salary.lk "It is certain kinds of porn that are illegal. Ajay Banga is the chief executive officer and president of MasterCard Inc. Ajay Banga is CEO of Mastercard and a member of its board of directors, and will become executive chairman of the board of directors in January 2021. Mywage.ca is connected to the WageIndicator Network. Ajaypal Singh Banga (born November 1959) is an Indian-American business executive. As the Chief Executive Officer of Mastercard, the total compensation of Ajaypal Banga at Mastercard is $23,250,000. The estimated net worth of Ajay Banga is at least $215 Million dollars as of 18 May 2020.