Sunday, 21 December 2014
Last updated 1 day ago
Mar 12 2014 | 11:17am ET
Critics of Carl Icahn's campaign against eBay Inc. have been legion. Supporters have been few. But another prominent hedge fund manager has joined the latter contingent.
Omega Advisors founder Leon Cooperman said he agreed with Icahn that eBay should spin-off its PayPal unit.
"I give Carl a lot of credit for taking the time and showing the energy, and in this case, we happen to agree with him," Cooperman told CNBC. "I think they should spin out a portion of PayPal."
Omega, like Icahn, is an eBay investor.
Icahn has lambasted eBay's corporate governance, accusing two prominent directors of having conflicts of interest and alleging that the company sold Skype for too little. He has pledged a proxy battle with the company, seeking to have two of his representatives join the board.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.