Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Tuesday, February 3rd, and I'm your host, Kim Khan. Our top story so far,

that sound echoing in boardrooms this morning as musical chairs. PayPal ousted CEO

as it reported disappointing Q4 results, tapping HP chief executive Enrique Lores as its new

president and CEO starting March 1st. PayPal is plunging on the leadership change, weak

results, and soft guidance. HP shares are also down. PayPal's board said it decided to part ways with Chris

after a detailed review of the company's position relative to competitors and the broader

industry landscape. Interim CEO Jamie Miller said, our execution has not been where it needs to be,

particularly in branded checkout. For the quarter, results missed Wall Street expectations on

both the top and bottom lines.

Total payment volume grew faster than forecast, but expenses climbed more than expected.

Net cash provided by operating activities also disappointed.

Over at HP, the company said LORUS will be replaced by board member Bruce Brousard on an interim basis as it conducts a global search for a new CEO. HP also reaffirmed its outlook for the first quarter and the full year.

Also this morning, Disney confirmed that Josh DeMorrow, head of its experiences unit,

will succeed longtime top boss Bob Iger.

DeMorrow has overseen major construction projects, including Star Wars Galaxy's Edge,

and the Marvel-themed Avengers campus at Disneyland.

Seeking off analysts Mottie Sipier says the main thing a new CEO could do is push harder on

cost cuts and hold each business line accountable for results.

He adds, Disney may rethink where it puts its money, focusing on what's working, and holding

off on buybacks until cash flow improves.

Disney also said Dana Walden will become the next president-in-chief creative officer.

...