Icahn Says eBay Worst Corporate Governance He’s Seen

Mar 5 2014 | 12:28pm ET

Carl Icahn has been an activist investor for 35 years. And in those years, he said he’s never seen a company as badly run as eBay Inc.

Icahn is pushing the online marketplace to spin-off its PayPal unit and has lambasted two of the company’s directors over alleged conflicts of interest. In spite of that focus and the ensuing war of words with Netscape Communications founder Marc Andreessen, one of the two board members in question, he told CNBC today he “might blame” eBay CEO John Donahoe “more than Andreessen” for eBay’s 2011 sale of Skype to a consortium including Andreessen’s venture-capital firm.

“I’ve never seen worse corporate governance than eBay,” Icahn said.

Better would be Apple Inc.: Icahn told CNBC that he continues to believe CEO Tim Cook is “doing a good job,” even if he thinks the company’s stock is undervalued.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR