Under Dan Schulman, PayPal's stock has risen nearly 90% this year. Simon Dawson/BloombergLast year, PayPal PYPL CEO Dan Schulman commissioned a study to understand how many of his employees were financially strapped. In October 2019, Schulman responded to the troubling survey results by lowering the cost of healthcare for employees by 60%. He gave every worker equity in PayPal, raised salaries and rolled out a financial education program to encourage saving. “Employees were four times more engaged, and three times less likely to leave the company,” Schulman said.
Source: Forbes October 15, 2020 16:07 UTC