Re:A lot of people are getting the OnlyFans story wrong
by btown on Friday August 20, 2021 @11:18AM
(#28247027)
This was posted in another thread here, but it seems that activist investor Bill Ackman was the link in this case, and his personal interest (and general notoriety for extremely aggressive attacks on companies he believes are vulnerable) almost certainly played a part in him making this a five-alarm fire at Mastercard:
> Ackman, who has four daughters, was outraged when he read how one teenager ended up a Pornhub victim... An influential shareholder activist, Ackman immediately thought about the growing interest in ethical, or ESG, investing... He was friendly with Mastercard’s then-CEO Ajay Banga, whom he had met through a mutual friend. Ackman texted Banga, providing a link to Kristof’s story with his tweet: “Amex, VISA and MasterCard should immediately withhold payments or withdraw until this is fixed. PayPal has already done so.” ... Banga quickly wrote back: “We’re on it.”
> Ackman, who has four daughters, was outraged when he read how one teenager ended up a Pornhub victim... An influential shareholder activist, Ackman immediately thought about the growing interest in ethical, or ESG, investing... He was friendly with Mastercard’s then-CEO Ajay Banga, whom he had met through a mutual friend. Ackman texted Banga, providing a link to Kristof’s story with his tweet: “Amex, VISA and MasterCard should immediately withhold payments or withdraw until this is fixed. PayPal has already done so.” ... Banga quickly wrote back: “We’re on it.”
https://www.institutionalinvestor.com/article/b1s9f698vwhczr...
https://en.wikipedia.org/wiki/Bill_Ackman