Leading via Decency…and Winning
I believe that businesses cannot prosper in a failing world,” Ajay Banga, the Executive Chairman of Mastercard, tells The HOW Institute Founder, Dov Seidman, on a new episode of HOW Conversations. Ajay explains why he thinks capitalism as we know it needs an overhaul and why the business of business is now about society. “This [wealth] inequality, this climate inequality, they don’t work for me, and they don’t work for my children, and they don’t work for you.”
Ajay, who is a founding Board Member of The HOW Institute, and Dov also discuss Mastercard’s decision to keep all employees on the payroll during the pandemic even though the costs hurt the company’s bottom line, “It’s a tough hit, but it’s the right hit for the long term, you know why? Because those very people are far more loyal today. And by the way, the skills they have is what’s made our company what it is.