Andreessen Exits EBay Board After Sparring With Icahn
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Web-browser pioneer Marc Andreessen resigned from the board of EBay Inc. ahead of the online marketplace’s breakup, following a verbal battle with activist investor Carl Icahn over the company’s PayPal unit.
Andreessen, 43, co-founder of Netscape and a director at Hewlett-Packard Co., said in a statement today the decision to separate marks the right time for him to step down. He has “complete confidence” in the ability of EBay Chief Executive Officer John Donahoe and the board to lead the company’s split, according to the statement.