PayPal is headed for a total transformation, CEO says

#openingbid #paypal

Turning around an iconic company that has been stumbling is no small task. Sometimes, a turnaround never materializes. Other times, it happens very slowly. But every so often, a new CEO’s initiatives gain hold and reinvigorate the organization, and the one-time iconic company enters a new period of growth. Investors in legendary digital payments company PayPal (PYPL) are waiting to see what one of those buckets it will fall into under new CEO Alex Chriss. Chriss is now officially one year into the top job, and has wasted no time shaking up the company’s internal mindset and leadership team. He is beginning to roll out new products to go alongside a revamped corporate logo and marketing campaign. Yahoo Finance Executive Editor Brian Sozzi sits down with Chriss inside the Nasdaq MarketSite in Times Square to get the scoop on PayPal’s turnaround plan.


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