PayPal's CEO Change Blindsided HP's Board
(Tuesday February 03, 2026 @11:00AM (msmash)
from the no-time-to-discuss dept.)
- Reference: 0180725840
- News link: https://slashdot.org/story/26/02/03/1513242/paypals-ceo-change-blindsided-hps-board
- Source link:
An anonymous reader shares a report:
> PayPal said on Tuesday it was booting its CEO and replacing him with its board chair Enrique Lores, sparing no ambiguity as to why: "The pace of change and execution was not in line with the Board's expectations," it said in a statement. One group [1]that was blindsided was HP , where Lores was until Tuesday serving as CEO, according to people familiar with the matter.
>
> Lores' switchup sent them rushing to launch a search process, those people said. HP's board does have internal candidates which it's considering for the top job, according to a person familiar with the board's thinking. As chair of PayPal's board, Lores played a role in a process evaluating internal and external candidates. It was unclear when or if he recused himself from the final decision to name him as CEO. But HP's board was only made aware that Lores was taking the CEO role at PayPal in recent weeks, the people said.
[1] https://www.semafor.com/article/02/03/2026/paypals-ceo-change-blindsided-hps-board
> PayPal said on Tuesday it was booting its CEO and replacing him with its board chair Enrique Lores, sparing no ambiguity as to why: "The pace of change and execution was not in line with the Board's expectations," it said in a statement. One group [1]that was blindsided was HP , where Lores was until Tuesday serving as CEO, according to people familiar with the matter.
>
> Lores' switchup sent them rushing to launch a search process, those people said. HP's board does have internal candidates which it's considering for the top job, according to a person familiar with the board's thinking. As chair of PayPal's board, Lores played a role in a process evaluating internal and external candidates. It was unclear when or if he recused himself from the final decision to name him as CEO. But HP's board was only made aware that Lores was taking the CEO role at PayPal in recent weeks, the people said.
[1] https://www.semafor.com/article/02/03/2026/paypals-ceo-change-blindsided-hps-board
Honey scam (Score:2)
by aicrules ( 819392 )
sure it's not somehow related to that?
Not Sure Which Is Worse (Score:3)
...Paypal's website and mobile app that's 90% ads at this point, or HP's pure-plastic laptops that continue to push boundaries on bloatware.
A pox on both houses.
Re: Not Sure Which Is Worse (Score:4, Funny)
HP bloat is insane. Every 10minutes or so I get a command prompt appearing running some code and disappearing. It's their bloody battery manager which is so ingrained into windows the only way to uninstall it is a shotgun!