Business

MasterCard CEO Banga among Fortune's top 50 people in business

PTI

Two Indian-Americans are among the top 50 people in business in 2013 in an annual list compiled by Fortune magazine, which has named Tesla Motors CEO Elon Musk as its ‘Business Person of the Year’.

MasterCard’s India-born CEO Ajay Banga and the co-CEO of Workday Aneel Bhusri are among the 50 top business leaders in the list which is “filled with executives who defied expectations - buying a newspaper, leaving luxury for Apple - executed big turnarounds and delivered stellar results for their shareholders.”

A returnee to the list, 53-year-old Banga is ranked 15th. Fortune said the move to cashless and mobile transactions is benefiting Banga’s credit card company and some think the stock, now at $735 a share, could reach $1,000.