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Original file (4,502 × 3,648 pixels, file size: 2.56 MB, MIME type: image/jpeg)
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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.”
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| Date | |
| Source | PayPal and the Poor |
| Author | Steve Jurvetson from Los Altos, USA |
Licensing
This file is licensed under the Creative Commons Attribution 2.0 Generic license.
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- 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.
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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. |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 16:56, 20 February 2020 | | 4,502 × 3,648 (2.56 MB) | <bdi>RandomUserGuy1738</bdi> | Transferred from Flickr via #flickr2commons |
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