While it appears that Icahn has lost this battle, he comes away with one significant concession: eBay has agreed to add a new member to its board, as selected by him. That member, David Dorman, was previously the CEO of ATT and currently holds top positions on the boards of CVS and Motorola Solutions. eBay takes down Icahn. Linzon suggests that the dip in Icahn Enterprises share price over the last three months, fluctuating beneath $115 before falling to around and below $100 this week, played a big part in Icahns loss. With much of Icahns purchasing power coming from his company, its recent falter may well have let eBay fight back successfully.
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