So, if Mastercard is really Umbrella Corporation, then who owns Mastercard?
The answer is surprising.
The MasterCard Foundation
The massive owner
So, it isn't exactly the company MasterCard, but in fact The MasterCard Foundation that owns nearly 10.5% of the company, or a staggering 120 million shares. And that would equate to a massive $9 billion position in the company operating at the core of the payments industry.
So, what exactly is The MasterCard Foundation, and how should we feel about it?
——————————–—————-
doesn't the below sound like a Cabal organization?
TORONTO, June 18, 2019 /PRNewswire/ – Today, the Mastercard Foundation announced the appointment of two new members to its Board of Directors, the Honourable Louise Arbour and Dominic Barton.
"I'm thrilled to welcome both Dominic and Louise to the Foundation," says Jim Leech, Chair, Mastercard Foundation Board of Directors. "The depth of their knowledge and insight will be invaluable in our effort to achieve our goal of enabling 30 million young people in Africa to secure dignified and fulfilling employment."
The Honourable Louise Arbour, a former justice of the Supreme Court of Canada, served as the United Nations Special Representative for International Migration until December 2018. In this role, she led advocacy efforts on international migration, provided policy advice, and coordinated the engagement of UN entities on migrations issues. She previously served as UN High Commissioner for Human Rights and as Chief Prosecutor of the International Criminal Tribunal for the Former Yugoslavia and Rwanda. Arbour is currently a jurist-in-residence at Borden, Ladner, Gervais LLP, where she advises on issues pertaining to international disputes and mentors young lawyers. She has been a Companion of the Order of Canada since 2007.
"The Mastercard Foundation is committed to creating positive global change, to equity, and inclusivity, and they understand that this requires a long-term view as well as working collaboratively with a wide array of stakeholders," says Arbour. "These are values I share, and I look forward to being a part of what they do."
Dominic Barton is a Senior Partner at McKinsey & Company, where he was previously Global Managing Partner from 2009 to 2018. In his 32 years with the firm, he has advised clients in a range of industries including banking, consumer goods, technology, and manufacturing. He is the Chair of the Canadian Minister of Finance's Advisory Council on Economic Growth and of the Seoul International Business Advisory Council. Barton also serves as Chairman of the Board of Directors of Teck Resources and is the Chancellor of the University of Waterloo. He is a Trustee of the Brookings Institution, and a member of the Boards of Memorial Sloan Kettering in New York City and the Asia Pacific Foundation of Canada.
"Youth unemployment in Africa is one of the most complex challenges facing the world today and I am energized to join an organization that is trying to address it," says Barton. "The Foundation has set an ambitious goal and I am optimistic about the enormous potential for positive change in Africa."
https://www.prnewswire.com/news-releases/mastercard-foundation-appoints-two-new-members-to-its-board-of-directors-300870543.html