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Icahn accuses eBay board members of conflicts of interest

24
Feb
2014

By Nadia Damouni, Chris Peters and Phil Wahba (Reuters) – Billionaire investor Carl Icahn accused eBay Inc Chief Executive John Donahoe of failing to spot – or ignoring – conflicts of interest on the companys board and called again for the spinoff of its fast-growing PayPal division. Icahn, who also disclosed a 2.15 percent stake in the e-commerce giant, said in a letter to eBay shareholders on Monday that he had found multiple lapses in corporate governance that could put the future of the company in peril. An eBay spokesman was not immediately available for comment. Marc Andreessen and Scott Cook, both long-term eBay board members, bore the brunt of Icahns conflict allegations.

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