2.0
9 Feb 2017
Current employee, more than 5 years
Purchase, NY
Recommend
CEO approval
Business outlook
Pros
It was a nice business model, but Visa's strategy is destroying MC revenue faster than MC can innovate (which hasn't driven any revenue yet)
Cons
MC invests in political animals rather than people who deliver results. Poor people/performance management culture. There are different expectations for employees based on what box they tick. Strategically, MC bet on Citi, who's alumni are all political types. Visa bet on JPMC -> who's alumni went on to run other banks. Oops, all your friends left the industry, and Visa's friends run all banking.