Jump to content

File:PayPal and the Poor (47305545111).jpg

Page contents not supported in other languages.
This is a file from the Wikimedia Commons
From Wikipedia, the free encyclopedia

Original file (4,502 × 3,648 pixels, file size: 2.56 MB, MIME type: image/jpeg)

Summary

Description

PayPal CEO Dan Schulman ‏with Michael Milken at the Montgomery Summit today:


“It’s expensive to be poor. The poor in America spend 10% of their disposable income on fees and transaction costs that the rich don’t pay. That’s the same amount they spend on food. $140B per year in unneeded fees. We can reduce those fees.”


“Bank closings tend to be in poor neighborhoods.”


“When we lend to these people, sales grow 22% versus a control group at 1%.”


“From my time with Richard Branson, I learned that business must be a force for good.”


P.S. I last attended the Montgomery Securities conference 23 years ago! The format is the same, and it works well, with 140 private companies sorted into tracks based on stage of growth.
Date
Source PayPal and the Poor
Author Steve Jurvetson from Los Altos, USA

Licensing

w:en:Creative Commons
attribution
This file is licensed under the Creative Commons Attribution 2.0 Generic license.
You are free:
  • to share – to copy, distribute and transmit the work
  • to remix – to adapt the work
Under the following conditions:
  • attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
This image was originally posted to Flickr by jurvetson at https://flickr.com/photos/44124348109@N01/47305545111 (archive). It was reviewed on 20 February 2020 by FlickreviewR 2 and was confirmed to be licensed under the terms of the cc-by-2.0.

20 February 2020

Captions

Add a one-line explanation of what this file represents

Items portrayed in this file

depicts

6 March 2019

0.01666666666666666666 second

19.29 millimetre

image/jpeg

File history

Click on a date/time to view the file as it appeared at that time.

Date/TimeThumbnailDimensionsUserComment
current16:56, 20 February 2020Thumbnail for version as of 16:56, 20 February 20204,502 × 3,648 (2.56 MB)RandomUserGuy1738Transferred from Flickr via #flickr2commons

The following page uses this file:

Metadata