BUSINESS

William J. “Bill” Ready to Exit PayPal Holdings by The Close of the Year

PayPal Holdings Inc. publicized last week that its Chief Operating Office, William J. “Bill” Ready who has been a significant contributor to the firm’s growth will exit by the close of 2019 after serving for six years with the world-known online payment provider.

The sudden exit one of PayPal Holding Inc.’s top executives raised questions about the firm’s San Jose, California-based branch. By mid-morning this Tuesday, the branch’s stocks were trading at $116.73, a drop of 1.7 percent from last Thursday’s $118.79.

Bill Ready, who was second in the payment firm’s executive ladder, has transformed the payments environment in all the roles he held according to Thad Peterson, an e-commerce analyst at Boston-based Aite Group.

In an official media briefing on the matter, PayPal announced that Ready “will shift at the end of 2019 to pursue his entrepreneurial dreams outside the organization.” 

The news release also stated that Bill Ready will resign from his official role as the executive vice president and COO on July 15, but will “keep working with major partners and PayPal’s management team until the close of 2019,” said president chief executive Dan Schulman.

Ready joined PayPal Holdings Inc. back in 2013 when eBay Inc., the mother company to PayPal at the time, shelled out a whopping $800 million to acquire the Chicago-based firm he led, Braintree an e-commerce service provider and parent company to Venmo P2P payments service. 

Ready had served Braintree for two years at that time having joined in the firm in 2011 as stated in his LinkedIn profile. And he sure deserves some credit for Venmo’s rapid growth since then. The payment service now boasts of over 40 million users. 

At PayPal, Ready played a significant role in many of the initiatives and mergers, and most market observers saw him as an obvious heir to Schulman’s presidency.

 “Bill Ready was a creative touchstone that sped up the rupture of innovations we’ve witnessed at PayPal Holdings over the past years. PayPal will surely miss him, but I’m certain the payment sector will see more and more innovation from his intelligence in his future dealings,” said Thad Peterson of Aite Group.

The news release, however, did not disclose what Ready will be doing after his departure from PayPal, but he is optimistic PayPal will keep thriving. 

“The transformative job we’ve been doing has placed PayPal in the path for future success. I am keyed up for PayPal’s future and dedicated to using the coming months to ensure a smooth switch, and support the excellent team at PayPal Holdings,” said Bill Ready in the press briefing.

Wrapping Up

Bill Ready’s resignation will leave a gap in PayPal’s leadership, but we hope that the payment giant will find an excellent replacement to hold his position.

Author Bio: Payment industry expert Taylor Cole is a passionate merchant account expert who understands the complicated world of accepting credit and debit cards at your business. His understanding of PayPal Micropayments UK has helped thousands of business owners save money and time. 

LEAD YOUR BUSINESS

If you own a business you know the value of it. It is something that you have given birth to and taken care of, for quite a long time now. It is something that you love with all your heart and soul. You have given your ideas, your effort and your precious time and watched it grow and prosper. Without your business, you see an emptiness, and you wish to lead your business to glory more than anything in the world.

If you want to become a successful business leader, you need to work methodically. Without taking certain measures, you cannot lead your business successfully. Here are certain tips that’ll help in your business leadership skills:

YOU HAVE TO LEAD BY EXAMPLE: If you want to be a good business leader, there’s one thing that you
must understand. You have to be the example for the people you want to lead.
Without you working as an example, they would be clueless about what to do. It
is your business, and you have to take a step for your entire team.

PASSION FOR YOUR BUSINESS:Without passions, everything is dull. Passion brings spice to life. If
you are doing a certain job without having any passion for it, the job won’t
yield enough results for you. The same goes with business. If you do not have
enough passion for your business, then your business simply cannot prosper. To
help a business prosper, taking interest in it and working with patience,
practicality and passion is extremely important.

ORGANIZE YOUR STUFF:
Organizing your thoughts and ideas for your business can go a really long way
for you. Organizing means putting things in place, and is very important for
your business. Nothing progresses in a haphazard manner. There should be a
systematic way you do your things to make sure the production is continuous and
the work life is disciplined.

TAKE RESPONSIBILITY: If
you’re the team leader, it is important for you to feel an equal part of the
team. If you lay back and give the work to your team mates, nothing productive
would come out of such a venture. If you want to be a proper leader, you need
to feel, think and act like a team leader. You have to take certain
responsibilities for your team. You need to play your part, support and share
both the work and responsibility with the rest of your team for a productive
outcome.

COMMUNICATE PROPERLY WITH YOUR TEAM:Nothing works without proper communication. If you want to be a good
team leader, you need to communicate properly with the rest of your team.
Communication paves way to a better understanding, and the better the
understanding, the better the outcome. If you communicate properly with your
team, you can share your grievances and your problems quite openly with them.
With this method you can pave your way to a better relationship with your team,
which is imperative for a decent outcome.

CONCLUSION

The above listed ways
can help you become a better team leader.