{"id":876008,"date":"2025-10-07T22:16:45","date_gmt":"2025-10-08T03:16:45","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/10\/07\/ex-paypal-chief-dan-schulman-appointed-ceo-of-verizon\/"},"modified":"2025-10-07T22:16:45","modified_gmt":"2025-10-08T03:16:45","slug":"ex-paypal-chief-dan-schulman-appointed-ceo-of-verizon","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/10\/07\/ex-paypal-chief-dan-schulman-appointed-ceo-of-verizon\/","title":{"rendered":"Ex-PayPal chief Dan Schulman appointed CEO of Verizon"},"content":{"rendered":"

Good morning. Having met many leaders, I\u2019ve found two qualities that distinguish those who stand out: curiosity and the courage to make bold decisions. They look for opportunities to learn and have a sense of mission in what they do. Two people who come to mind are former PayPal<\/a> CEO Dan Schulman and Oscar Health<\/a> CEO Mark Bertolini, both of whom now have new roles at Verizon<\/a>.<\/p>\n

\n

Schulman yesterday became Verizon\u2019s new CEO, while Bertolini was elected board chair. Former CEO Hans Vestberg will stay on as a special advisor to focus on integrating the $20 billion acquisition of Frontier Communications<\/a>. One former colleague, Denise Leonhard (who is now Zelle CEO), credits Schulman<\/a> with creating a culture of fun and shared mission that enabled PayPal to turn around. I think of Dan as a leader who will stop to engage in debate on the streets of Davos and one who\u2019s as likely to be found asking questions from the audience as sharing ideas from the stage. While best known for his achievements during his 9-year tenure as CEO of PayPal, he comes to Verizon with the experience of having been the founding CEO of Virgin<\/a> Mobile and he worked almost two decades at AT&T<\/a>.\u00a0<\/p>\n

I first met Bertolini when he was CEO of Aetna<\/a>, where he pioneered the use of digital health tools and raised the minimum wage by 33%. In his two-plus years as CEO of Oscar Health<\/a>, he\u2019s driven strong growth in membership, share price, net promoter scores and revenue, though not yet profits. After spending his first 10 weeks with a different team every day, he told co-founder Josh Kushner that \u201cI\u2019ve broken everything here that\u2019s been broken at Oscar at least twice myself in my career. I could walk in and say, \u2018you do this, you do this,\u2019 but I don\u2019t think I would have garnered a lot of support.\u201d\u00a0<\/p>\n

\n

I mention Bertolini because there\u2019s another prerequisite for success in the top job: Having a strong relationship with one\u2019s board\u2014something Schulman no doubt appreciates having served on Verizon\u2019s board since 2018. Verizon\u2019s stock dropped 5% yesterday, while other telecom rivals dipped, too. That could signal that investors are unnerved by the sudden leadership transition, or worried about industry challenges ahead. It certainly shows they want to see a strong and cohesive vision for Verizon to win from here.<\/p>\n

Contact CEO Daily via Diane Brady at di*********<\/span>@*****<\/span>ne.com<\/span><\/a><\/em><\/p>\n<\/div>\n

Top news<\/h3>\n

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AMD notches deal with OpenAI<\/b><\/p>\n

AMD shares <\/span>soared<\/span><\/a> on Monday following news that the semiconductor company will sign a deal to become one of OpenAI\u2019s main chip suppliers. The deal could generate tens of billions in revenue for AMD as it competes with industry leader Nvidia.\u00a0<\/span><\/p>\n

Trump has “sort of made a decision” on Ukraine missiles<\/b><\/p>\n

The president <\/span>says he is leaning toward<\/span><\/a> sending Ukraine long-range Tomahawk missiles that Ukraine could use to make strikes deep inside Russia, but says \u201cI am not looking to see an escalation,” he said.<\/span><\/p>\n

New tariffs on trucks<\/b><\/p>\n

President Trump <\/span>announced a new import tax<\/span><\/a> on Truth Social yesterday: \u201cBeginning November 1st, 2025, all Medium and Heavy Duty Trucks coming into the United States from other Countries will be Tariffed at the Rate of 25%. Thank you for your attention to this matter!\u201d<\/span><\/p>\n

DBS Group CEO Tan Su Shan tops MPW Asia list<\/b><\/p>\n

Fortune<\/span><\/i> released its 2025 Most Powerful Women Asia list on Monday, spotlighting 100 women shaping the economic future of the region. <\/span>DBS Group CEO Tan Su Shan holds the No. 1 spot<\/span><\/a>\u2014see who else made the list <\/span>here<\/span><\/a>. And be sure to tune in for Tan\u2019s conversation with Diane Brady at the <\/span>Fortune Most Powerful Women Summit<\/span><\/a> in D.C. next week.\u00a0<\/span><\/p>\n

Qualtrics to acquire Press Ganey Forsta\u00a0<\/b><\/p>\n

Qualtrics announced that it will acquire health care-survey company Press Ganey Forsta for $6.75 billion, helping to create what Qualtrics CEO Zig Serafin described to <\/span>Fortune<\/span><\/i> as \u201cthe most complete AI platform for experience management.\u201d Press Ganey compiles feedback from patients and doctors in more than 41,000 hospital systems and health care companies.<\/span><\/p>\n

Everything you need to know about Bari Weiss<\/b><\/p>\n

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Yet another French PM resigns<\/b><\/p>\n

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U.S. Transportation Secretary Sean Duffy <\/span>has warned<\/span><\/a> that airports could face increasing delays due to the government shutdown. Air traffic controllers are currently required to work without pay (they\u2019ll get retroactive checks when the shutdown ends) but incremental delays are already cascading through major airports.<\/span><\/p>\n

The markets<\/h3>\n

S&P 500 futures <\/b>were down 0.21% this morning. The index closed up 0.36% in its last session at a new high of 6,740.28. <\/span>STOXX Europe 600<\/b> was down 0.21% in early trading. <\/span>The U.K.\u2019s FTSE 100 <\/b>was flat in early trading. <\/span>Japan\u2019s Nikkei 225<\/b> was flat. <\/span>China\u2019s CSI 300 <\/b>was up 0.45%. <\/span>The South Korea KOSPI <\/b>was up 2.7%. <\/span>India\u2019s Nifty 50<\/b> was up 0.54% before the end of the session. <\/span>Bitcoin <\/b>was flat at around $123.8K.<\/span><\/p>\n

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CEO Daily is compiled and edited by Joey Abrams and Jim Edwards.\n<\/p>\n<\/div>\n

This is the web version of CEO Daily, a newsletter of must-read global insights from CEOs and industry leaders. Sign up<\/a> to get it delivered free to your inbox.<\/p>\n

Read More<\/a>
\n Diane Brady<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Having met many leaders, I\u2019ve found two qualities that distinguish those who stand out: curiosity and the courage to make bold decisions. They look for opportunities to learn and have a sense of mission in what they do. Two people who come to mind are former PayPal CEO Dan Schulman and Oscar Health<\/p>\n","protected":false},"author":1,"featured_media":876009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71,146608],"tags":[],"class_list":{"0":"post-876008","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chief","8":"category-ex-paypal"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/876008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=876008"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/876008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/876009"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=876008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=876008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=876008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}