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.


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