[$$] MasterCard CEO Pay Rises to $15.5 Million for 2015
MasterCard Inc. MA -0.20 % 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.
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