Dan Schulmans Wife Has No Idea About His Decision To Retire

  • The PayPal CEO confirmed that he would retire by the end of 2023. 
  • Dan Schulman became PayPal CEO after the company split from eBay in 2015.
  • “I’m proud of what we have accomplished at PayPal and of the incredibly talented and committed people I work with every day,” Schulman said in a statement.

Dan Schulman’s wife has not passed any comments since Dan’s decision to retire from PayPal came out. 

Dan Schulman became PayPal CEO after the company split from eBay in 2015. He notified the company of his decision to retire at the end of December 2022. He will remain a member of PayPal’s board of directors, which is hiring a search firm to find Schulman’s successor. 

Mr. Schulman said he would help with the leadership transition and remain on the board of PayPal.

“I’m at a point in my life where I want to devote more time to my passions outside the workplace,” said Mr. Schulman regarding his decision to retire. 

In late January, PayPal said it would lay off 2,000 employees, equal to 7% of the company’s workforce.

Last summer, activist investor Elliott Management accumulated an undisclosed stake in PayPal.

Schulman said he and Jesse share a cordial relationship when asked about Elliott Management managing partner Jesse Cohn. “He’s been incredibly supportive, and I’m sure this announcement comes as a real surprise and shock because he’s been so supportive,” said Dan after announcing his retirement decision. 

Schulman added that PayPal’s board is looking for the best candidate to replace him. He further added that the change is going to look good across the company as well as externally.

According to him, PayPal is in a good place and will hopefully deliver a strong year. He added that the board would have enough time to find his successor.

Dan Schulman got married to Jennie Ann Kassanoff in the year 1991. The couple has two children Molly, 25, and Jake, 24, together. 

He lived with his wife and children in Berkshire County for nearly two decades. 

According to some sources, Jennie filed for dissolution of marriage with Dan Schulman on June 18th, 2020. However, neither party nor any authentic news outlet has confirmed this news.

Dan Schulman has played an integral role in PayPal’s success. He took hold of the company at its lowest point and will leave it in top shape nine years later. 

The estimated net worth of Dan Schulman is at least 35 Million dollars as of 2023-02-09. Dan Schulman is the President and CEO of PayPal Holdings Inc. and owns about 196,544 shares of PayPal Holdings Inc (PYPL) stock worth over $15 Million.

ncG1vNJzZmivp6x7t7XZmpqaZpOkunCwwKdkrJuYqrmurc1mrqKelWK1or%2BMp6ZmoZSarm6twaisrWWYnsBusMScoKyhn6N6tbuMq5ytoaKafA%3D%3D