PayPal CEO Dan Schulman leads with his conscience

Out Leadership member company PayPal has banned “the promotion of hate, violence, racial or other forms of intolerance that is discriminatory” on its platform for many years. Though many companies have similar clauses, implementation isn’t necessarily consistent or widespread.

The Financial Times reports that PayPal CEO Dan Schulman does not shy away from enforcing his company’s policy, though it often involves taking a public political stance, and can entail significant backlash. PayPal canceled plans to open a global operations center in North Carolina after the passage of HB2, the state’s “bathroom bill.” The company put itself on the record as opposing the Trump travel ban, as well.

PayPal also sometimes fields criticism from progressives. The organizers of the white nationalist rally in Charlottesville last year used the platform to collect donations, drawing criticism from several civil rights groups. PayPal responded by renewing its commitment to ban those “that advocate racist views.”

Underlining his company’s commitment to operating a company with conscience, Schulman told the FT: “Managing and moving money should be a right for all citizens and not just a privilege for the affluent. That means diversity and inclusion need to be at the forefront.”

Read more at the Financial Times


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