PayPal's CEO Change Blindsided HP's Board
4 21An 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 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.
4 comments
Not Sure Which Is Worse (Score: 5, Insightful)
by Voyager529 ( 1363959 ) on <voyager529@ y a h o o .com> on Tuesday February 03, 2026 @11:09AM (#65966624)
...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: 5, Funny)
by liqu1d ( 4349325 ) on Tuesday February 03, 2026 @11:18AM (#65966644)
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!
Re:This is what is worse. (Score: 5, Insightful)
by edi_guy ( 2225738 ) on Tuesday February 03, 2026 @01:14PM (#65966890)
I counter with, I would think the board of any public corporation would have a succession plan ready, say for instance there is a health emergency with the CEO. Or more likely the CEO does something bad and needs to be removed. The response to this should be "Enrique Lores has decided to leave HP, the acting CEO is Stacy Smith who is fully capable of fulfilling the role."
From what I have seen over the years, public boards of directors are utterly useless. They provide almost zero oversight. They approve non-sensical CEO pay. Just awful.
Sidenote. I worked at a Fortune 50, public firm in a role where I was included in the exec deferred comp plans. There was a ~100 page plan detail and no kidding, 80 of those pages outlined all the stuff that only applied to C-suite comp. All the special goodies, health insurance for life, the corporate jet, crazy stock options that could never be under water. They could not lose money even if the firm went bankrupt. This part of the system is completely broken.
Re:Not Sure Which Is Worse (Score: 5, Insightful)
by Tony Isaac ( 1301187 ) on Tuesday February 03, 2026 @01:09PM (#65966872)
Well at least there's a cure for both.
UBlock does a pretty good job of blocking PayPal's ads.
And if you buy an HP computer (or for that matter, ANY Windows computer), the first step is to wipe the hard drive and install a fresh, clean copy of Windows directly from Microsoft. NONE of the computer manufacturer's branded software, ads any value whatsoever.