Icahn Again Targets EBay Board In Push For PayPal Spinoff

Law360, New York (February 26, 2014, 11:26 AM EST) -- Billionaire activist investor Carl Icahn on Wednesday lobbed another round of attacks at eBay Inc. and its management team, saying that in the coming weeks he will detail his case for the company to spin off its multibillion-dollar Paypal Inc. unit.

For the second time this week, Icahn sent a letter to other eBay shareholders tearing into two of the Web retailer's highest-profile board members, Marc Andreessen and Scott Cook, claiming the directors' other business interests pose obvious conflicts that he says CEO John Donohoe has...
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