Icahn issues new eBay letter, shares tick higher

|About: eBay Inc. (EBAY)|By:, SA News Editor

Much like the letter he issued on Monday, Carl Icahn 's latest missive to eBay (EBAY +1.2%) shareholders criticizes board members Marc Andreessen (not up for re-election) and Scott Cook's perceived conflicts of interest, calling the directors "value-driven for themselves."

The activist investor once more urges shareholders to vote for his two board nominees, and to back a precatory (non-binding) proposal regarding a PayPal split.

Icahn: "If you ran your own company, would you ever allow your competitors to sit at the table as you planned and executed your business strategy? ... We believe corporate governance at eBay is dysfunctional."

Update: eBay responds to Icahn's letter, and takes a few shots of its own. "Carl Icahn doesn't let the truth get in the way of a good story. And while his letters and media interviews may be entertaining, they are not factually accurate."