Carl Icahn says EBay’s “governance failures do not have a shelf-life”
In another open letter to EBay stockholders, activist investor Carl Icahn has again lashed out at the online auctionhouse for what he perceives as failures of corporate governance.
The investment guru has struck out at specific EBay board members, including Marc Andreessen and Scott Cook.
Icahn has reiterated his call for voters to support a proposal to split EBay and payments company PayPal. His first letter on EBay came just two days ago.
The latest letter saw a strong attack on Cook's ownership of stock in payments processor Intuit. Icahn says that Cook has a significant interest in one of PayPal's director competitors.
Stockholders: Please ask yourself: 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 the obvious answer is NO!