There will definitely be changes. Given his track record, he might actually introduce some positive ones, but he could just as easily roll out sweeping changes that hurt all of us. Never forget who CEOs really answer to. We’re always at the bottom of the list when it comes to anything but cuts.
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This all smacks of, we couldn't find someone from our bench to take over so we had to pull in someone from the board. It all really points to Stratton who was passed over for Hans and went to run Frontier. I suspect he'll be the one taking over once the desk is done and Hans is actually gone in October of next year.
It will really be a big F U from Stratton if it happens that way.
A7 - 2 controversies at PayPal - 1 eliminated most outsourcing - moved workforce to US - wasn't popular at times but worked. 2. Acquisition of Honey and changes to partner programs - still a backlash on that by influencers who feel sc--wed out of commissions.
Brace yourselves. He is here to make changes and streamline , which we all know means reduction in force.
He's just keeping the seat sort of warm for the next guy as they really couldn't let the meatball stay on and be viewed as a serious entity. Hans got to basically hollow out 2 huge companies and walk away with tens of millions.
The tip off that this was coming was his knee surgery. Everyone gets medical stuff taken care of prior to departing.
He is coming to clean house.
What was the controversy at paypal while he was ceo about come on lets discuss lol