PayPal's stock slides as disappointing earnings usher in a CEO change

Core Viewpoint - PayPal's stock has declined following disappointing earnings and the announcement of a CEO change, indicating challenges in meeting investor expectations and the need for a leadership shift [1] Earnings Results - PayPal reported a significant slowdown in a key performance metric, which is closely monitored by investors [1] - The company missed expectations with its first-quarter profit guidance, contributing to the stock's decline [1] Leadership Change - Enrique Lores, a veteran from HP, will take over as PayPal's CEO on March 1, succeeding Alex Chriss [1] - The company acknowledged that while some progress has been made over the past two years, the pace of change and execution did not meet the board's expectations [1]