Carl Icahn: PayPal Spinoff From eBay a `No-Brainer’

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Jan. 22 (Bloomberg) –- Icahn Enterprises Chairman Carl Icahn discusses his proposal for PayPal to be spun off from eBay. He speaks to Trish Regan on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

What would you like to see happen with the paypal spin off?

Well, trish, we think -- with the philosophy we have, we think shareholders should have a lot more to say on the big picture items like companies.

This whole business of the eight ownership of management -- of the ownership of management, i think it is hurting the economy.

I think shareholders should have more to say.

The big picture, not micromanaging.

We have done a lot of work on ebay.

We believe without question, it is a no-brainer, paypal should be spun off.

They are saying the break off -- trish, i can't speak for the board.

You can speak for yourself with your 0.8% stake.

Why would ebay go for something like this?

I will not venture to guess right now.

When i think you say "goes for" you spin it off.

There's no reason they should be together at this point, in our opinion.

In fact, i think it would be held for a management team to be separate and they could go the wrong way.

I think the multiple would go up traumatically, and also the health of the -- would go up dramatically, and also the health of the company would be better.

If the right time for an acquisition.

Is it in part the businesses are just so different?

This text has been automatically generated. It may not be 100% accurate.


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