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The founders of Stripe, Databricks, and Instacart, among others, may be on track for big paydays as their startups are reportedly on track for an IPO. ....
Jack Dorsey's Square agreed to buy Afterpay, which has a 'buy now, pay later' service, for $29 billion in stock businessinsider.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com.au Daily Mail and Mail on Sunday newspapers.
John Lamparski/Getty Images PayPal increased wages and cut healthcare costs after auditing employees financial situations. Now, PayPal is partnering with Just Capital, calling on other CEOs to do the same. The effort is part of a broader conversation around stakeholder capitalism. It s one thing for a leader to say they care about employees. It s another thing for a leader to conduct a companywide audit to find out how employees are faring with money, and then take action when the results come back subpar. That s what PayPal CEO Dan Schulman did in 2018 after hearing that employees were struggling to make ends meet. The CEO audited and analyzed employees financial health at the payments giant. The results prompted PayPal to make changes in 2020 that included raising wages across the company, cutting healthcare costs by 60%, and making every employee a shareholder. ....
REUTERS/Brendan McDermid Walmart just poached two senior Goldman Sachs execs focused on the bank s consumer business. The retail giant previously announced the launch of a fintech venture with Ribbit, but has yet to share specific details. Experts say the fintech could provide key opportunities for Walmart, but also open the door to some risk. Walmart isn t just slicing the surface of fintech. All signs indicate that it is diving in deep on a mysterious new venture that will heavily feature efforts around consumer-focused banking services. The clues are all there. Walmart just poached two top executives from Goldman Sachs who held key roles within its burgeoning consumer business, Marcus. That news came just over a month after the retailer announced it would launch a fintech venture with investment firm Ribbit, while remaining mum on any details, including the project s name. ....