Friday, 19 September 2014
Last updated 11 hours ago
Mar 17 2014 | 3:51am ET
Online marketplace eBay Inc.’s CEO is asking his employees to close their ears as he girds for battle with Carl Icahn.
The billionaire investor has called on eBay to spin-off its PayPal unit—and has blasted CEO John Donahoe and its board for its 2009 sale of Skype, accusing two of its prominent directors of conflicts of interest. Icahn has launched a proxy contest to win a pair of board seats. Donahoe and Icahn have exchanged unpleasantries on a near-daily basis for the past several weeks—and Donahoe is warning employees that things are likely to get worse.
“The noise is going to get louder over the next four to six to eight weeks,” Donahue told employees. “Don’t pay attention to the noise. Stay focused, and don’t be distracted.”
“The thing to keep in mind is that we have more insight around our own company that anyone on the outside can,” he added. “It’s easy to say when you’re sitting on the outside, ‘Oh, simplistically separate, and we’ll do some short-term financial maneuvering to drive the share price up.’”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.