Daniel H. "Dan" Schulman Dan Schulman - President and CEO of PayPal
He is President and CEO of PayPal and Chairman of Symantec, formerly serving as Group President of Enterprise Growth at American Express. The former President of Sprint's Prepaid Group and the founding CEO of Virgin Mobile, Schulman was responsible for American Express' global strategy to expand alternative mobile and online payment services, form new partnerships, and build revenue streams beyond the traditional card and travel businesses.[2]
Schulman was born in Newark, New Jersey, but grew up in Princeton, New Jersey and was captain of the tennis and lacrosse teams at Princeton High School.[3] He earned his Bachelor of Arts in Economics from Middlebury College and a Masters in Business Administration from New York University.[4]
His mother, S. Ruth Schulman, was associate dean of Rutgers' Graduate School of Applied and Professional Psychology (GSAPP) from 1974 to 1999. His father, the late Mel Schulman, was a chemical engineer.[5]
Schulman once told the New York Times, "I was born with social activism in my DNA. My grandfather was a union organizer in the garment district in New York City. My mother took me to a civil rights demonstration in Washington in my stroller."[6]
PayPal Holdings, Inc. is an American company operating a worldwide online payments system. Online money transfers serve as electronic alternatives to traditional paper methods like checks and money orders. PayPal is one of the world's largest internet payment companies.[5] The company operates as an acquirer, performing payment processing for online vendors, auction sites and other commercial users, for which it charges a fee.
Established in 1998,[6] PayPal had its IPO in 2002, and became a wholly owned subsidiary of eBay later that year.[7][8] It was spun off as an independently traded company in July 2015.
In 2014, PayPal moved $228 billion in 26 currencies across more than 190 nations, generating a total revenue of $7.9 billion (44% of eBay’s total profits).[9] The same year, eBay announced plans to spin-off PayPal into an independent company by mid-2015 and was complete on July 18, 2015.[10]
