Icahn’s plan to break up Ebay falters as board seats blocked March 10, 2014 EBAY has rejected proposals by activist investor Carl Icahn to appoint two of his employees to the online auction giant’s board, arguing that neither of Icahn’s nominees had enough experience. Icahn currently holds a two per cent stake in Ebay and has been pressing the board to accept his nominees and spin off its valuable, [...]
Carl Icahn slams eBay CEO March 10, 2014 In another open letter to eBay stockholders, activist investor Carl Icahn has blasted the company's CEO for actions that he believes have cost the e-commerce giant $4bn (£2.4bn). Icahn alleges that John Donahoe cost eBay $4bn when he sold Skype in 2009, in what he called a "premature sale" at a "diminished price." The investment [...]
Carl Icahn says EBay’s “governance failures do not have a shelf-life” February 26, 2014 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 [...]
Carl Icahn accuses eBay board members of conflict of interest February 24, 2014 BILLIONAIRE investor Carl Icahn yesterday launched another salvo at eBay in his battle to see PayPal spun off from the company. In a blistering open letter to shareholders, Icahn accused eBay chief executive John Donahoe of failing to spot – or ignoring – conflicts of interest on the company’s board. He singled out long-term eBay [...]
Carl Ichan just tore into EBay with an open letter February 24, 2014 Activist investor Carl Icahn has just put out a new letter, and his target is EBay, which he accuses as having "multiple lapses in corporate governance." Icahn says that he has "recently accumulated a significant position in EBay" as "there is great long-term value in the business." But things aren't all that rosy at the [...]
Ebay and Argos to trial click and collect service September 24, 2013 ONLINE auction giant Ebay announced yesterday that it has entered into a national trial with Argos to let customers pick up goods bought on Ebay in Argos stores. The collection service will initially be trialled at 150 Argos stores for six months and will include goods bought from 50 of Ebay’s sellers. Ebay did not [...]
eBay beats the street as sales jump upwards January 16, 2013 EBAY yesterday reported quarterly results that just beat Wall Street expectations, but the e-commerce giant also gave a cautious forecast for the year ahead. Fourth-quarter revenue jumped 18 per cent to $3.99bn (£2.49bn). Profit came in at $927m, or 70 cents a share in the period. That compares with profit of $789m, or 60 cents [...]
eBay shares fall despite sales hike October 21, 2005 eBay has grown even bigger in the last three months with sales now topping $1.1bn (£621m), it said yesterday. Shares still fell, however, as the online auction company had to defend itself over its $4.1bn (£2.26bn) purchase of Skype Technologies, the internet telephony company. eBay, which has taken the world by storm with its service [...]