{"id":17031,"date":"2015-08-14T14:12:38","date_gmt":"2015-08-14T14:12:38","guid":{"rendered":"http:\/\/baylorproud.wpengine.com\/?p=17031"},"modified":"2015-08-14T14:12:38","modified_gmt":"2015-08-14T14:12:38","slug":"baylor-alum-named-cfo-of-paypal","status":"publish","type":"post","link":"https:\/\/www2.baylor.edu\/baylorproud\/2015\/08\/baylor-alum-named-cfo-of-paypal\/","title":{"rendered":"Baylor alum named CFO of PayPal"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-17033\" src=\"https:\/\/www2.baylor.edu\/wp-content\/uploads\/2015\/08\/rainey-aug15.jpg\" alt=\"John Rainey\" width=\"600\" height=\"300\" srcset=\"https:\/\/www2.baylor.edu\/wp-content\/uploads\/2015\/08\/rainey-aug15.jpg 1024w, https:\/\/www2.baylor.edu\/wp-content\/uploads\/2015\/08\/rainey-aug15-300x150.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>With digital payment company <a href=\"https:\/\/www.paypal.com\" target=\"_blank\">PayPal<\/a> separating from longtime partner\u00a0eBay <a href=\"http:\/\/www.forbes.com\/sites\/abigailtracy\/2015\/06\/26\/paypal-and-ebay-are-officially-breaking-up\/\" target=\"_blank\">to become a separate company<\/a> this summer, the newly independent company needed the right leader to serve as\u00a0Chief Financial Officer. Their search led them to a Baylor grad. John D. Rainey, BBA \u201993, MBA \u201995, was <a href=\"http:\/\/blogs.wsj.com\/cfo\/2015\/08\/04\/paypal-gets-united-cfo-john-rainey\/\" target=\"_blank\">named PayPal\u2019s new CFO<\/a> earlier this month, positioning him to lead during a pivotal time for the company.<\/p>\n<p>Rainey comes to PayPal from United Airlines, where he served as vice president and CFO. At PayPal, he will oversee regional finance teams and investor relations, in addition to the company\u2019s overall financial operations. Rainey worked for Continental Airlines (which was bought by, and merged with, United) for nearly two decades, overseeing a successful period that saw Continental named as one of <em>Fortune Magazine\u2019s<\/em>\u00a0&#8220;100 Best Places To Work&#8221;. He was named CFO in 2012.<\/p>\n<p>At PayPal, he comes to a company that\u2019s growing as it moves into its own. Nearly\u00a0<a href=\"http:\/\/www.bizjournals.com\/sanjose\/news\/2015\/08\/04\/paypal-names-john-rainey-as-new-cf.html\" target=\"_blank\">170 million people used PayPal<\/a> last year, with more than $1.1 billion in transactions taking place. It\u2019s an exciting new opportunity for a Baylor grad who has remained connected to his alma mater. Rainey\u00a0describes his time here as &#8220;<a href=\"http:\/\/www.baylor.edu\/content\/services\/document.php\/35992.pd\" target=\"_blank\">truly a great experience<\/a>,&#8221; and while at Continental\/United, he made it &#8220;a personal goal&#8221; to actively recruit graduates from\u00a0Baylor.<\/p>\n<p><a href=\"http:\/\/baylorlariat.com\/2014\/11\/07\/united-airlines-cfo-talks-business-with-students\/\" target=\"_blank\">Rainey was back on\u00a0campus<\/a>\u00a0last fall to speak with students in the <a href=\"http:\/\/www.baylor.edu\/business\" target=\"_blank\">Hankamer School of Business<\/a>. He charged them with being &#8220;authentic leaders&#8221; with servant hearts. &#8220;There is nothing in the business world so repelling as arrogance,&#8221; he noted.<\/p>\n<p>Sic \u2019em, John Rainey!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With digital payment company PayPal separating from longtime partner\u00a0eBay to become a separate company this summer, the newly independent company needed the right leader to serve as\u00a0Chief Financial Officer. Their search led them to a Baylor grad. John D. Rainey, BBA \u201993, MBA \u201995, was named PayPal\u2019s new CFO earlier this month, positioning him to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9],"tags":[],"class_list":["post-17031","post","type-post","status-publish","format-standard","hentry","category-alumni","category-honors"],"_links":{"self":[{"href":"https:\/\/www2.baylor.edu\/baylorproud\/wp-json\/wp\/v2\/posts\/17031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.baylor.edu\/baylorproud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.baylor.edu\/baylorproud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.baylor.edu\/baylorproud\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.baylor.edu\/baylorproud\/wp-json\/wp\/v2\/comments?post=17031"}],"version-history":[{"count":0,"href":"https:\/\/www2.baylor.edu\/baylorproud\/wp-json\/wp\/v2\/posts\/17031\/revisions"}],"wp:attachment":[{"href":"https:\/\/www2.baylor.edu\/baylorproud\/wp-json\/wp\/v2\/media?parent=17031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.baylor.edu\/baylorproud\/wp-json\/wp\/v2\/categories?post=17031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.baylor.edu\/baylorproud\/wp-json\/wp\/v2\/tags?post=17031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}