From Grokipedia
Full articleDan Schulman is an American business executive serving as chief executive officer of Verizon Communications Inc., a role he assumed on October 6, 2025. He previously led PayPal Holdings Inc. as president and CEO from 2014 to 2023, guiding the company through its separation from eBay and expanding its focus on digital payments and financial services for underserved populations.
Schulman's tenure at PayPal saw revenue triple from $9.2 billion in 2014 to $27.5 billion by 2023, driven by acquisitions, partnerships with competitors, and growth in products like Venmo. He emphasized corporate social responsibility, committing to no layoffs during the COVID-19 pandemic and launching programs for employee financial wellness after surveys revealed widespread struggles among staff. However, his later years faced challenges, including pressure from activist investor Elliott Management in 2022 over strategic direction and stock performance, contributing to a perception of a "bumpy landing" as he departed.
Earlier in his career, Schulman held executive roles at Priceline.com (now Booking Holdings), where he oversaw rapid expansion, and founded Virgin Mobile USA as its inaugural CEO, pioneering prepaid mobile services. He earned a bachelor's degree from Middlebury College and an MBA from New York University Stern School of Business. Schulman has also been vocal on integrating social values into business, notably withdrawing PayPal's planned operations center in North Carolina in 2016 in opposition to House Bill 2, a law restricting transgender bathroom access, highlighting tensions between corporate activism and economic decisions.
In brief
Schulman has a prepaid-phone man's feel for customers who want simple tools. Virgin Mobile, Sprint, Amex, PayPal — each stop was a scale-up.
Verizon is a different animal, a network company. He arrived as a finisher of consumer businesses asked to run the pipes.
Photographs

Hero photograph: Wikimedia Commons


