Dan Schulman is an American business executive who now serves as the President and Chief Executive Officer of the digital payments company PayPal
Schulman was born in Newark, New Jersey, on July 14, 1957. In 1980, he received his Bachelor of Arts degree from Middlebury College with a double major in economics and anthropology. After that, in 1984, he received his Master of Business Administration from the Leonard N. Stern School of Management at New York University.
Schulman began his professional life at AT&T, where he served in a variety of leadership capacities over the course of 18 years. He then worked at Priceline.com as President and CEO from 1999 to 2000, before becoming the CEO of Virgin Mobile USA in 2001. Virgin Mobile USA became one of the fastest-growing wireless companies in the United States under the leadership of Schulman.
Later in his career, Schulman worked for American Express as the Group President of Enterprise Development. In this role, he was responsible for directing the company's global strategy to broaden its client base beyond its core market of wealthy cardmembers. Also, he was in charge of managing the company's acquisition of the Revolution Money online payments platform.
In 2014, Schulman became President and CEO of PayPal after having joined the company. The rapid expansion of PayPal's customer base and the launch of innovative new goods and services, such as Venmo and PayPal Credit, are both direct results of his direction of the company. Additionally, he has concentrated his efforts on enhancing financial inclusion and broadening access to financial services for populations that are not well served.
In addition to his work at PayPal, Schulman is a member of the Board of Directors of Verizon Communications Inc. and serves on the Board of Governors of the World Economic Forum.
Schulman has received numerous awards and honors, including being named one of the top 20 people to watch in media by Business Week and Ernst & Young's 2009 Entrepreneur of the Year. Under his leadership, PayPal was named to Time's inaugural 100 Most Influential Companies.
Schulman is well-known for his dedication to both social justice and environmental sustainability, and he has long pushed for businesses to place a higher priority on their social and environmental responsibilities. He has also been vocal on problems such as the disparity in income between different groups of people and the necessity for business executives to take action on climate change.