Keep pulling the thread on David Dorman.
PayPal's market capitalization declined from a peak of over $350 billion to approximately $100 billion.
David Dorman believes PayPal's management failed to recognize that its pandemic-driven growth was a temporary wave and did not pursue strategic choices accordingly.
The market re-rated PayPal's valuation after its revenue growth slowed from a robust 30-40% to a more pedestrian 2-10%.
PayPal's current strategy is to evolve beyond its basic payment services into a "digital bank" offering a broader array of digital services.
David Dorman's leadership team at AT&T unwound a predecessor's strategy by selling off acquired cable assets, including what became AT&T Broadband.
AT&T's wireless business had a pre-existing, irrevocable requirement to be spun off, which removed a key growth engine from the company.
The final strategy for AT&T under David Dorman's leadership was to merge with a larger telecommunications company, which led to the merger with Southwestern Bell.
The Apple iPhone's launch and superior capabilities significantly eroded sales of the Motorola Razr.
Under CEO Greg Brown's leadership over approximately 18 years, Motorola's stock price has increased from about $40 per share to $450 per share.
Dell Technologies' stock has increased from approximately $12-$13 per share to over $300 per share since it went private and then public again.
Dell Technologies owned 82% of VMware, which it spun off before VMware was acquired by Avago (Broadcom) in a transaction valued at almost $100 billion.
In response to supply chain risks, Dell Technologies diversified its manufacturing away from Shenzhen, China, by moving operations to Vietnam and Malaysia and building its first factory in Mexico over a two-year period.