Visa Inc. fired its global head of innovation and strategic partnership after his behavior violated company policy, The Wall Street Journal reported Dec. 2, citing a company memo.
Jim McCarthy was responsible for strategic partnerships with the likes of PayPal Holdings Inc. and Apple Inc. He joined Visa in 1999.
"Jim is an 18-year veteran of Visa and has contributed much to our company over the years," an internal memo from Visa President Ryan McInerney read, according to a report from tech news website Recode. "However, in response to information that recently came to our attention, we determined that Jim had violated Visa policy. We cannot ignore behavior — at any level — that runs counter to our leadership principles and culture."
Visa spokesperson Amanda Pires said the company does not comment on personnel matters.
