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

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.

PayPal went public in 2002 and has been independent from eBay since 2015.