Dan Schulman is not a suit-and-tie type of guy, Mike Isaac reports.
He did not attend classes at an Ivy League school, but he used to drive a delivery truck for Princeton University’s campus bookstore. Forgoing wingtips and slacks, he is more likely to show up to a boardroom meeting wearing flip-flops and jeans in the summer, or a pair of cowboy boots in the winter.
Mr. Schulman may need to buy a few new suits.
EBay, the online commerce site, announced on Tuesday that it would spin off PayPal, its online payments business, and place Mr. Schulman at its helm. He must find ways to attract new engineering talent to PayPal, which is viewed by many in Silicon Valley as technologically stagnant. He faces threats from new and powerful entrants in mobile payment, including Apple.
And perhaps most of all, he must lead the company into a new era of using technology to make purchases, ushered in by the rising ubiquity of the smartphone. Read more »