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Wisdom From The Top with Guy Raz
Values without Action are Propaganda: PayPal's Dan Schulman
Oct 30, 2024
Dan Schulman, President and CEO of PayPal, is a champion of social justice and employee well-being. He discusses halting plans for a new operations center in response to discriminatory legislation, emphasizing that activism boosts, rather than harms, company performance. Schulman shares insights from his career journey and tackles how corporations must evolve from rhetoric to action in addressing social issues. He highlights significant initiatives aimed at fostering equity and supporting minority businesses, demonstrating the intersection of values and business success.
41:52
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Quick takeaways
- Dan Schulman demonstrates that actively upholding corporate values through decisive actions can enhance both social responsibility and business success.
- His personal experiences reshaped his leadership approach, emphasizing teamwork and recognition, which are crucial for effective management and collective success.
Deep dives
Embracing Social Justice at PayPal
The importance of corporate values is emphasized through Dan Schulman's commitment to social justice at PayPal. Schulman took decisive action against hate groups using the platform and banned individuals like Alex Jones who spread misinformation. He also cancelled plans to open an operations center in North Carolina after the state enacted an anti-transgender law. His decisions reflect that values must be actively upheld rather than just displayed, as PayPal continued to thrive financially despite these controversial stances.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode