Icahn Says PayPal May Be Uncompetitive in 3-4 Years

Feb. 24 (Bloomberg) -- Activist investor Carl Icahn talks about his issues with EBay Inc.'s board of directors and his proposal that would have the company spin off its PayPal unit. Icahn today nominated two employees to the Ebay board, criticized the online marketplace for “lapses” in corporate governance and asked shareholders to vote in favor of the split. In a letter to investors posted online, Icahn singled out two directors, Marc Andreessen and Intuit Inc. co-founder Scott Cook, for competing with EBay. Icahn speaks with Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)

UniCredit’s Ghizzoni Survives Calls for Management Shift
43:08 - UniCredit SpA said its board unanimously backs Chief Executive Officer Federico Ghizzoni, rebuffing shareholders who have called for a change in management. The comments came in a regulatory statement Tuesday after Italy’s biggest bank said fourth-quarter profit fell on one-time charges related to the lender’s reorganization and its share of costs for winding down four Italian banks.
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