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Martina Hund-Mejean signed on as MasterCard’s CFO in November 2007, just before the financial crisis unfolded and a year and a half after the payments company’s IPO. Hund-Mejean had served as treasurer at Tyco and Lucent Technologies, after working in finance at General Motors. As financial markets melted down in 2008, MasterCard aggressively cut its operating costs, she explains, noting that “nobody should waste a good crisis.” Hund-Mejean says the Purchase, N.Y.-based company has applied the budgetary discipline that’s common among manufacturing companies to its financial services model. She also talks about the evolving role of MasterCard’s finance department.

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