PayPal's President On Ex-Exec's Recent Tweets: "I Will Not Tolerate Your Mad Rants Any Longer"

Last weekend, PayPal's new director of strategy Rakesh "Rocky" Agrawal posted a string of late-night, incoherent tweets, some of which insulted fellow employees.

The next day, Agrawal tweeted that he had meant to send the tweets as private messages, and it eventually came out that he had already sent in his two-weeks' notice to PayPal before the messages began. He has been at the company for less than two months.

For the past 48 hours, he has been posting a series of tweets about a new company that he is planning to start; he is asking for investors for up to $25,000. In several of his tweets, he has extensively praised PayPal executives like president David Marcus and vice president of growth Stan Chudnovsky.

Tonight, PayPal finally responded, with president David Marcus saying, "thanks, but no thanks," to all of Agrawal's praise. He says that Agrawal's actions over the last few days have been "shocking and sad," and that the people that Agrawal has insulted have been some of the best people he's worked with in his career.

"I will not tolerate your mad rants any longer," Marcus writes.

He encourages friends of Agrawal to reach out to the former PayPal executive, saying that "his behavior is extremely worrisome."

Here's the full letter from president David Marcus:

When Rakesh (a.k.a. "Rocky") Agrawal joined PayPal in March as a Director of Strategy, he said in our ownPayPal Forward blog that he couldn't think of a "better place to be." So the turn of events over the past few days have been shocking and sad. Stan Chudnovsky, our VP of Growth and Strategy, invited Rocky to join his team to help PayPal chart the future of payments for small businesses and entrepreneurs. But instead of focusing on that amazing opportunity, Rocky chose to turn a career-defining moment into career-destroying infamy.

Since his tasteless tweets first became public, Rocky has posted positive remarks about myself and other PayPal leaders. Thanks but no thanks, Rocky. When you attack and insult my team, you attack, and insult me and the rest of PayPal. I think the world of the people you've insulted. They are some of the best people I've worked with in my career, and I will not tolerate your mad rants any longer.

Now...if you're a close friend of Rocky's and you're out there, I'd strongly suggest getting to him sooner rather than later, as his behavior is extremely worrisome.

We at PayPal are putting this episode behind us, as always working on behalf of our customers.

Onward with dignity and respect…