Thursday, February 16, 2006

MasterCard ® IPO Delayed

What we understood was going to occur before April, 2006, has now been postponed until as late as the end of June. MasterCard, Inc.® announced today that what has turned into a very controversial initial public offering which may raise $2.5 billion will partly be delayed due to a recent medical diagnosis of its president and CEO, Bob Selander. Many we have talked with thought the reason provided minimally was reaching, especially because multi-billion dollar international corporations are bigger than any one person. We continue to speculate that what initially is a postponement, may turn out to be a cancellation as more details on the IPO are understood.