PayPal Stock Is Falling, however Not Because Its CFO Is Moving to Walmart


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Walmart stated late Tuesday it called John Rainey as its chief monetary officer. Rainey presently holds the verysame position at PayPal Holdings, however his relocation isn’t the red flag experts are enjoying ahead of the payment-processing business’s profits.

Rainey actions into his brand-new function on June 6. PayPal (ticker: PYPL) stated Rainey will stay with it upuntil late May to make possible an organized shift. Gabrielle Rabinovitch, senior vice president for business financing and financier relations, will serve as interim CFO while PayPal looks…


Source: PayPal Stock Is Falling, however Not Because Its CFO Is Moving to Walmart.

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