Name: Insights: PayPal CEO - We Have a Moral Responsibility to Tackle Inequality
Uploaded: 2020-01-14
Duration: 2 min 44 s
Description: CEO Dan Schulman explains why at Fortune’s Global Forum. (October 2018)

 What is tackling inequality mean to you? And how does all of this fit into a broader framework of a business imperative? It starts a little bit with our obligation as businesses now. I don't think that businesses can shun or avoid the issues of our day. I think we have a moral responsibility to step up, to be a part of this solution, to work with governments, to work with NGOs, to work with academia, to figure out, how can we come together to address these issues? And I think the very best businesses have a mission that inspires their workers, that have values that support them. And our mission at PayPal simply put is to try to democratize financial services, which is a fancy way of saying that we think that managing and moving money should be a right for all citizens, not just a privilege for the affluent. And that's a very inclusive vision. And as such, our primary value at PayPal is diversity and inclusion. There's a great saying that Justin Trudeau's dad actually came up with, which was that diversity is a fact but inclusion is a choice. And I love that saying. I think it's really a beautiful saying. And for us, I think for all of us, that means that we need to step up as leaders and assure that we have inclusive workforces for two reasons. One, the more diverse your workforce, the more successful you will be as a company. There are facts over and over and over that prove that. Diversity of thought, diversity of opinion is incredibly important for a business. And two, if we're going to serve a global community-- and for us it's all citizens-- our workforce should mirror that population, that customer segment that we're trying to serve. And so we take this very, very seriously. We stand up for our values. We act on our values, because if values are just something you have up on a wall, they're not really values. They're propaganda. And if you act on them, then they really are values. 

Insights: PayPal CEO - We Have a Moral Responsibility to Tackle Inequality

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PayPal CEO: Moral Responsibility to Tackle Inequality

CEO Dan Schulman explains why at Fortune’s Global Forum. (October 2018)

What is tackling inequality on dhe it mean to you? And how does all of this fits into a broader framework of a business imperative? It starts a little bit with our obligation as businesses. Now, I don't think that businesses can er, shun or avoid, uh, the issues of our day. I think we have a moral responsibility. Thio Step up to be a part of the solution toe work with governments, toe work with NGOs, toe work with academia to figure out How can we come together to address these issues? And I think the very best businesses I have a mission that inspires their workers that have values that support them. Um, and you know, our mission at PayPal. Simply put it is to try to democratize financial service is, which is a fancy way of saying that we think that managing and moving money should be right for all citizens, not just the privileged for the affluent. And that's a very inclusive vision. And, as such are primary value at PayPal. Is diversity inclusion? There's a great thing, uh, that Justin Trudeau dad actually came up with which waas that diversity is a fact. But inclusion is a choice. And I love that saying, I think it's really a beautiful saying and um, for us, I think for all of us, that means we need to step up as leaders and assure that we have inclusive workforces for two reasons. One, the more diverse your workforce, the more successful you will be a za company. There are facts over and over and over that prove that diversity of thought diversity of opinion is incredibly important for business. And two, if we're gonna serve a global community, and for us, it's all citizens. Our workforce should mirror that population, that customer segment that we're trying to serve. And so we take this very, very seriously. We stand up for our values. We act on our values because it values or just something you have up on a wall. They're not really values their propaganda. And if you act on them than they really are, values