Screen Shot 2014-06-10 at 9.59.16 AMTaking to the stage this morning at Southland in place of former PayPal CEO David Marcus, who announced his departure from the company suddenly less than 24 hours ago to head up Facebook’s Messenger service, Bill Ready was in the hot seat.

Widely tipped to be the obvious to take over Marcus’ now vacant seat, Ready was quick to deflect the spotlight, telling the audience that current eBay CEO John Donahoe would taking over as interim CEO of PayPal.

Pando members can watch the livestream here.