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Fortune recently ranked Dan Schulman, CEO of PayPal, near the top of its annual World’s Greatest Leaders list, and as long-term shareholders of PayPal, we agree with their assessment. We have watched Dan lead PayPal’s ongoing growth into a digital platform responsible for more than $1 trillion in payments globally last year. In addition, he has been courageous and outspoken about the role of business in society and the need to modify capitalism.

We were thrilled to have the opportunity to sit down with Dan during our latest episode of the NOW Podcast. Brown Advisory's Ken Coe spoke with Dan about how he views his employees as his number one constituency; PayPal's role in providing working capital and creating virtuous cycles in low-income neighborhoods; the future of financial technology; the need for all of us to rise above our own self-interest to drive progress for all, and more.

To wrap up the discussion, Ken brought in Jake Cusack and Efe Braimah from our frontier markets partner, CrossBoundary, to continue the conversation about opportunities in the fintech sector and making a difference.

Guest:
Dan Schulman, President and CEO, PayPal

Host:
Ken Coe, CFA, Equity Research Analyst, Brown Advisory

Investment Commentary:
Efe Braimah, Associate Principal, CrossBoundary

Jake Cusack, Co-Founder and Managing Partner, CrossBoundary

Recommending Listening:

• What COVID-19 Means for the Future of Commerce, Capitalism and Cash, TED2020, May 2020
• Never Stand Still with Dan Schulman

Recommended reading:

• What is Stakeholder Capitalism?, World Economic Forum, January 22, 2021
• PayPal 2020 Global Impact Report 
• Kenya is Becoming a Global Hub of FinTech Innovation, Harvard
• Dan Schulman of PayPal on Guns, Cash and Getting Punched, The New York Times, July 27, 2018

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The views and opinions expressed in this podcast are those of the speaker(s) and do not necessarily reflect those of Brown Advisory. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. The information provided in this podcast is not intended to be and should not be considered a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. There is a risk that some or all of the capital invested in any such securities may be lost. This piece is intended solely for our clients and prospective clients, is for informational purposes only, and is not individually tailored for or directed to any particular client or prospective client.