Enough Musk Spam
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Musk wasn't kicked out over the name though, well not just the name.
The board removed him as CEO because Thiel literally quit the company. Since Musk demanded he rewrite Confinity from unix to windows(since the x.com backend and it's stupid e-mail based banking was made for windows and Musk doesn't understand unix/linux...(that's why he doesn't know about x.org for instance.)).
Confinitys better method and code-base was basically what Musk bought when they "merged" the companies. And everyone else on the board knew that PayPal wouldn't get anywhere if they did what Musk said. So they had "secret" board meeting and replaced Musk with Thiel, and the rest of PayPal is history.