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PayPal's CEO is ready to break records on Giving Tuesday

Ahead of Giving Tuesday, PayPal's CEO Dan Schulman says doing good is a responsibility for all companies.

"We cannot just rely on the public sector or the private sector. We all need to work together," Schulman told Jim Cramer on "Mad Money" on Monday.

Last holiday period, 7.25 million people gave over $850 million to 250,000 charities on PayPal. The company broke every record, Schulman said, as the platform facilitated $48 million in donations within a 24-hour period.

This was up from just $19 million the year before.

"Our mission and vision is to help businesses to...


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