Finance
PayPal Is Searching for a CEO Who Can Reverse Its $279 Billion Stock Drop
- Payments firm is at crossroads as Schulman eyes exit amid rout
- Should board recruit a cost-cutter or seek another visionary?
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The whispers kept swirling: PayPal Holdings Inc.’s visionary leader might leave.
It was late 2022, and shareholders were counting on Dan Schulman to pull the stock out of a yearlong slide that’s erased $279 billion in market value. But after he flew to Italy for his four-day wedding celebration on the banks of Lake Como, denizens of Silicon Valley and Wall Street began buzzing with the notion that PayPal’s longtime leader was ready for a change.