Friday, 22 May 2015
Last updated 13 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…