MasterCard IPO: When The Bill Comes Due
Business Week looks at MasterCard's upcoming initial public offering and some of the legal challenges currently facing the association.
In an amended registration statement filed on Nov. 14, MasterCard states that legal and regulatory risks threaten its prospects for future growth, its profits, and its business model. The company says it believes that the legal woes have been brought on by its ownership and governance structure, and it hopes that by overhauling the board, bringing in new independent directors, and cashing out the member banks who currently set prices, MasterCard can put its legal troubles behind it.
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