Icahn Attacks EBay, Calls Governance ‘Dysfunctiona’
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Activist investor Carl Icahn escalated his attack on EBay Inc. Chief Executive Officer John Donahoe and the company’s board, calling its governance “dysfunctional” and riddled with conflicts.
Icahn, the billionaire who last month proposed that EBay spin off its PayPal unit, sent his second letter to shareholders in three days, highlighting the competing interests of directors Marc Andreessen and Scott Cook.