PayPal CEO Explains How to Create a Great Board in Silicon Valley
Silicon Valley's actions have been in the news throughout the year.
From a now ex-Google (GOOGL) - Get Report worker penning a missive on the lack of workplace diversity to Uber's internal meltdown to the Equifax (EFX) - Get Report hack, the tech crowd has come under heavy fire from critics. But despite the heavy dose of bad press, PayPal (PYPL) - Get Report CEO Dan Schulman believes Silicon Valley could be fixed -- and it very much starts with getting the board composition right.
First and foremost, Schulman thinks companies must know where they are going before establishing a good board. Schulman was optimistic that Silicon Valley's culture, which in many respects stems from the board, could be fixed.
"I absolutely believe that companies have a moral obligation to be a force for good -- that means you have to act on it, not just talk about it." Added Schulman, "technology can play a great role in being an inclusive force, and I think it has to do that -- it can not drive further divide, we have enough of that in our world and country."
Schulman knows a thing or two about boards. He is the current chairman of Symantec (SYMC) - Get Report , former president of Nextel, former CEO of Virgin Mobile USA and the former CEO of Priceline (PCLN) .
Alphabet is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells GOOGL? Learn more now.
More of What's Trending on TheStreet: