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Mastercard CEO: In The Ideal City, The Rich Ride The Bus

The Honorable Henry M. Paulson, Jr.

By Jeff McMahon (original source Forbes)

Mastercard CEO Ajay Banga said he wasn’t sure why he was on a panel last night with former treasury secretaries Robert Rubin and Hank Paulson and former New Zealand Prime Minister Helen Clark. But he uttered the event’s most tweeted line when he suggested you can measure the health of a city by whether its wealthy citizens use public transit.

Banga was paraphrasing former Bogotá Mayor Enrique Peñalosa, who said in a 2013 Ted Talk,  “An advanced city is not one where even the poor use cars, but rather one where even the rich use public transport. Or bicycles.”

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