PayPal vs Volkswagen: Founders, CEOs and History

PayPal

Founded

1998

Headquarters

San Jose, California, United States

Current CEO

Enrique Lores

Employees

23,800

Volkswagen

Founded

1937

Headquarters

Wolfsburg, Germany

Current CEO

Oliver Blume

Employees

663,000

PayPal

• Max Levchin

  PayPal possesses arguably the most well-known, mythological, and influential founding story in the entire history of Silicon Valley, famously creating the 'PayPal Mafia', a concentrated group of effective, idiosyncratic founders who went on to literally build…

• Peter Thiel

  Peter Thiel served as an early strategic leader and CEO during the period when PayPal chose payments over broader online banking.

• Luke Nosek

  Luke Nosek co-founded Confinity with Max Levchin and Peter Thiel in 1998 and led marketing and strategy in PayPal's early years.

• Elon Musk

  Elon Musk founded X.com in 1999 as an online bank after selling Zip2. X.com merged with Confinity in March 2000, and Musk served as CEO of the combined company until the board replaced him with Peter Thiel later that year.

Volkswagen

• Ferdinand Porsche

  Ferdinand Porsche (1875-1951) was an Austrian-born automotive engineer who had worked for Lohner, Austro-Daimler and Daimler-Benz before opening his own design office in Stuttgart in 1931.

PayPal

1. Alex Chriss2023–2026

   President and Chief Executive Officer

   Joined from Intuit in September 2023 after Dan Schulman. Margins and buybacks improved during his tenure, but branded checkout growth stayed slow, and the board replaced him with Enrique Lores effective March 1, 2026.

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2. Enrique Lores2026–present

   President and Chief Executive Officer

   Former HP Inc. CEO (2019-2026) and PayPal board chair; replaced Alex Chriss as CEO effective March 1, 2026. In his first full quarter (Q2 2026) PayPal beat estimates and raised full-year EPS guidance.

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Volkswagen

1. Hermann Münch1946–1947

   Chief Executive Officer

   Early executive involved in the incredibly complex immediate post-war administration of the completely destroyed factory under British military control.

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2. Heinrich Nordhoff1948–1968

   Chief Executive Officer

   The absolute legendary post-war architect who took the ruins of the VW factory and transformed the Beetle into a massive, globally beloved cultural icon and economic miracle.

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3. Kurt Lotz1968–1971

   Chief Executive Officer

   Early post-war leader who began the critical process of diversifying VW's lineup beyond relying entirely on a single model (the Beetle).

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4. Rudolf Leiding1971–1975

   Chief Executive Officer

   Crucial CEO who managed the extremely difficult, highly risky transition away from the iconic but severely outdated Beetle toward modern, front-wheel-drive water-cooled cars (like the Golf).

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5. Toni Schmücker1975–1982

   Chief Executive Officer

   Guided the company through the severe financial crises of the 1970s, ensuring the successful launch and massive adoption of the original VW Golf.

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6. Carl Hahn1982–1993

   Chief Executive Officer

   As CEO in the 1980s, he executed the massive, highly strategic acquisitions of SEAT and Skoda, laying the foundation for VW's absolute dominance in Europe.

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7. Ferdinand Piëch1993–2002

   Chief Executive Officer

   As the legendary, absolutely ruthless patriarch (and grandson of Ferdinand Porsche), he transformed VW from a struggling mass-market brand into the most powerful automotive conglomerate on Earth.

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8. Bernd Pischetsrieder2002–2006

   Chief Executive Officer

   Serving as CEO from 2002 to 2006, he oversaw the incredibly complex integration of massive luxury brands like Bugatti and Bentley into the VW Group portfolio.

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9. Martin Winterkorn2007–2015

   Chief Executive Officer

   As the notoriously demanding, absolutely feared CEO, he oversaw massive global expansion but fostered a culture of absolute terror that led engineers to cheat rather than admit failure.

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10. Matthias Müller2015–2018

    Chief Executive Officer

    As CEO during the darkest period in modern VW history, he initiated the massive cultural purge of the toxic, highly secretive engineering culture that caused the cheating scandal.

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11. Herbert Diess2018–2022

    Chief Executive Officer

    Serving as CEO, he forcefully dragged the massive, highly bureaucratic legacy automaker into the Tesla era, though his abrasive style alienated the powerful Porsche-Piëch families.

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12. Oliver Blume2022–present

    Chairman of the Board of Management

    He also ran Porsche AG alongside the group role until Michael Leiters took over as Porsche CEO on January 1, 2026, leaving Blume focused on Volkswagen Group.

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PayPal

• Paidy2021$2.7B
• Honey2020$4B
• IZettle2018$2.2B
• Simility2018$120M
• Xoom2015$890M
• Braintree2013$800M

Volkswagen

• Porsche AG2012Undisclosed
• Bentley Motors1998Undisclosed
• Auto Union / Audi1965Undisclosed