Ben Glickman and Peter Rudegeair profile PayPal’s CEO Enrique Lores for The Wall Street Journal (Apple News+ link), following the reports of a potential PayPal acquisition:

The 61-year-old was named chief executive of PayPal earlier this year after decades at HP and its predecessor company, Hewlett-Packard, which he played a key role in splitting up. Lores has since announced an ambitious turnaround plan for PayPal that includes reorganizing its business lines and slashing at least $1.5 billion in costs—moves reminiscent of the playbook he has deployed in his previous roles. […]

In February, PayPal announced that Lores would take over as CEO in a surprise shuffle. A profit warning accompanied the appointment, and the company’s stock slid 19%.

Analysts saw Lores’s history helping to break up Hewlett-Packard and then managing HP as clues of what could be in store for PayPal.

And later:

Now Lores could be overseeing another big corporate deal. He has emphasized his focus on maximizing shareholder value and has said the company should look at “optimizing our portfolio,” sometimes seen as Wall Street code for selling parts of the business.

What fortuitous timing to have a fixer CEO with experience dismantling companies from the inside.