MasterCard
MasterCard Incorporated is the second largest payment system in the U.S. (after Visa). MasterCard serves nearly 25,000 member financial institutions worldwide and provides services in more than 210 countries and territories. It markets the MasterCard credit and debit cards and Maestro debit cards but does not actually issue the credit. It also operates the Cirrus ATM network. Competitors are Visa, American Express, and Discover. In 2006, revenues were US$3.3 billion with profits of US$50 million. [1]
Political contributions
MasterCard gave $186,973 to federal candidates in the 2006 election through its political action committee - 53% to Democrats, 45% to Republicans, and 2% to other parties. [2]
Lobbying
The company spent $1,540,000 for lobbying in 2006. [3]
Personnel
Key executives and 2006 pay: [4]
- Robert W. Selander, Chief Executive Officer, $5,790,000
- Chris A. McWilton, Chief Financial Officer, $2,030,000
- Alan J. Heuer, Chief Operating Officer, $4,180,000
- W. Roy Dunbar, President of Global Technology & Operations, $4,260,000
- Noah J. Hanft, General Counsel and Corporate Secretary, $1,940,000
Selected members of the Board of Directors: [5]
- Steven J. Freiberg, Also Chairman and CEO of Citigroup's Global Consumer Group
- Bernard S.Y. Fung, Also Chairman and Chief Executive Officer, Aon Asia Pacific Region
- Mark Schwartz, Former Senior Advisor to George Soros and former Chairman, Goldman Sachs Asia
Contact details
2000 Purchase Street
Purchase, NY 10577
Phone: 914-249-2000
Fax: 914-249-4206
Web: http://www.mastercard.com
References
- ↑ MasterCard Profile, Hoovers, accessed November 2007.
- ↑ 2006 PAC Summary Data, Open Secrets, accessed November 2007.
- ↑ MasterCard lobbying expenses, Open Secrets, accessed November 2007.
- ↑ MasterCard Key Executives, Yahoo Finance, accessed November 2007.
- ↑ Board of Directors, MasterCard, accessed November 2007.
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