PayPal's New CEO Is Taking a Page from Amazon's Playbook. Does That Make the Stock a Buy?

Originality doesn't earn you points in the business world. Sometimes copying another company's plan is a great strategy, as you can already see how it worked out. That's exactly what 's (NASDAQ: PYPL) new chief executive officer, Alex Chriss, is doing. By taking a page from Amazon (NASDAQ: AMZN) CEO Andy Jassy, who took over from the legendary Jeff Bezos, he's looking to improve the company substantially.

But is this copycat strategy a good idea? After all, the two are entirely different businesses.

If you've followed Amazon since Jassy's takeover, it's clear it's been laser-focused on one item: efficiency. The trajectory Bezos sent the company on in his final years may have been great for growth, but it was inefficient. It took some time for Jassy's efficiency efforts to kick in, but the wave has turned in recent quarters.

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Source Fool.com