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Fortune

Betsy Atkins

Why PayPal’s board chose to act early—and what other boards can learn

PayPal Stripe Alex Chriss

betsy atkins (Credit: courtesy of)

PayPal’s board recently undertook a bold interception of the downward slide in the company’s performance, appointing a new CEO, Enrique Lores, who will hopefully bring clarity of priorities and organizational alignment to complete initiatives and execute a turnaround.

I applaud this decision: PayPal’s board is thinking like owners, getting ahead of investors before trust is lost and activists arrive to catalyze change.

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