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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...