Look Out, Amazon?! Walmart Hires Former PayPal CFO (AMZN vs. WMT Stock)

Walmart just hired former PayPal CFO John Rainey. This tells us that WMT is targeting a lucrative section of Amazon's business. [Turn Your Images On] The Bull & The Bear [Look Out, Amazon?! Walmart Hires Former PayPal CFO]( [Matt Clark, Research Analyst]( When big companies set out to hire executives, the decisions are more about finding the right person for the future, not for today. These companies have strategic plans in place, and they want the best person to help them reach those goals. Walmart made such a move this week when it hired PayPal CFO John Rainey to be the retailer’s next chief financial officer. The hire has tipped Walmart’s hand. In this episode of The Bull & The Bear, I tell you what Walmart is looking to do, and what it means for its biggest competitor: Amazon.com. 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