At first glance, PayPal CEO Dan Schulman might look like your typical Fortune 500 executive: a former high school quarterback and economics major turned Wall Street darling and Davos regular.
But Schulman’s story is more complex. He attended a civil rights protest as a baby in a carriage, marched for the Equal Rights Amendment as a college student, and once spent 24 hours living on the street in New York City in order to better understand homelessness.
Now, at PayPal, he is fully embracing the values that have shaped his life. While other companies have tiptoed around the edges of reinventing capitalism, with generic statements about serving multiple stakeholders, PayPal has over the last six months devoted tens of millions of dollars to improving pay and benefits for hourly workers in its call centers. Reducing inequality within the company has affected those at the top as well—employees in New York, who work out of an office in the ritzy West Village neighborhood, now pay for their catered lunches.
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to get to know this unusual CEO—and to get a hint of what he might do next.