eBay adds to gains as Icahn, Omidyar fire fresh salvos


Though eBay's (EBAY +2.1%) management and board may not be thrilled with Carl Icahn's war of words with the company, shares are now up 7% since the activist investor took aim at eBay's governance on Monday morning.

This morning, Icahn issued a new letter in which he took up eBay's challenge to have an "honest, accurate, debate" with him (CNBC has offered to host), and say he sent a letter yesterday to eBay yesterday "demanding to inspect all books and records" related to the sale of Skype to an investor group featuring board member/VC Marc Andreessen.

Icahn also calls ex-Intuit CEO Scott Cook's presence on the board akin to Seattle Seahawks coach Pete Carroll "sitting in when the Denver Broncos were constructing their game plan."

Meanwhile, eBay founder Pierre Omidyar is once more defending his company's decision not to spin off PayPal, and calls Icahn's claims regarding Andreessen and Cook "unfounded."

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Comments (4)
  • buyzjewelry
    , contributor
    Comments (33) | Send Message
     
    Pierre Omidyar will be able to relax once his position has been substantiated through an investigation of the "books and records", right Pierre?
    27 Feb 2014, 02:15 PM Reply Like
  • Seeker137
    , contributor
    Comments (426) | Send Message
     
    The ruling eBay corporate elite will really be running for the hills if the "books and records" get inspected. Ever heard of forensic auditing?
    27 Feb 2014, 02:20 PM Reply Like
  • Kimer62
    , contributor
    Comments (269) | Send Message
     
    Does anyone think that Uncle Carl heard from Tim Cook that he should stop bothering him on buying back stock and go bother EBAY because it's in both their best interests to split up EBAY so that AAPL can buy PAYPAL and add it to their mobile payment strategy????

     

    He sure went quiet on the buy back?
    27 Feb 2014, 06:26 PM Reply Like
  • buyzjewelry
    , contributor
    Comments (33) | Send Message
     
    Nothing surprises me when years go by without any transparency from eBay.
    28 Feb 2014, 08:12 AM Reply Like
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