Icahn, EBay Trade Barbs Over Board Ethics, PayPal Split

Law360, San Francisco (February 24, 2014, 9:13 PM EST) -- EBay Inc. and billionaire activist investor Carl Icahn traded barbs Monday, with Icahn slamming eBay board members' alleged conflicts of interest and renewing his call for eBay and PayPal Inc. to split, while the online auctioneer decried Icahn's “mudslinging” and asserted PayPal isn't going anywhere.

In a letter to shareholders, new eBay shareholder Icahn said that his research into the auction site has uncovered a number of lapses in corporate governance, including multiple conflicts of interest, which could risk the company's future.

“The complete disregard for...
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