I agree that this looks like a PR stunt, but it also shows some potential changes underfoot at Paypal.
Here's my read of the situation: Paypal has been known for being beauracratic ever since the eBay acquisition, when all the smart people left and the bozos and middle managers remained. You know the type of place and the type of people it attracts: it's the smooth-talking-but-not-that-bright individuals who do well, and any smart employees who perceive the real problems the company is in find themselves a part of an outcast fringe.
Don't tell us we have bad customer service issues; expressing that kind of negative attitude is not going to impress senior management, what with bonus season coming up. Stripe and Square are just dipshit startups that no real business will ever use. La-la-la I can't hear you.
It seems someone at eBay finally realised PayPal was going to be "disrupted" if it didn't get a leader with their shit together. This new guy seems competent, but steering a big lumbering ship like PayPal away from its death course takes serious political/organisation-hacking skills, no matter how big the icebergs loom.