Turning around an iconic company that has been experiencing stumbles is no small task. Sometimes a turnaround never materializes, and sometimes it happens very slowly. But sometimes a new CEO’s initiatives gain hold, reinvigorate the organization and the one-time iconic company enters a new period of growth. Investors in legendary digital payments company PayPal 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 rollout 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. Will it work? Chriss makes the pitch that it will.
Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.
Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.
Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.
00:00-Alex Chriss joins Opening Bid
02:40-PayPal CEO's word of the year
07:00-What's the biggest advantage PayPal has?
13:00-Evolving Venmo under PayPal
16:00-Is PayPal and crypto compatible?
21:00-PayPal CEO's mentors and best advice
Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.
As as PayPal's President and CEO, Alex Chriss brings deep expertise in leading high-growth businesses, global product strategy, and customer-driven innovation to his role.
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