EBay Rejects Icahn Board Picks As Activist Strikes Again

Law360, New York (March 10, 2014, 11:10 AM EDT) -- EBay Inc. on Monday rejected a pair of board nominees proposed by Carl Icahn, fanning an ongoing feud with the billionaire activist investor who claimed the same day that mismanagement by the company's CEO has cost shareholders more than $4 billion.

Icahn and the top brass at California-based eBay have traded jabs consistently over the past few weeks amid a broader push by the billionaire to spin off the company's moneymaking PayPal Inc. payment-processing unit. EBay's brushoff of Icahn's board picks is the latest show of...
To view the full article, register now.