Billionaire investor Carl Icahn accused eBay Inc Chief Executive John Donahoe of failing to spot - or ignoring - conflicts of interest on the company's board and called again for the spinoff of its fast-growing PayPal division.Icahn, who also disclosed a 2.15 percent stake in the e-commerce giant on Monday, said in a letter to shareholders that two long-time board members, Marc Andreessen and Scott Cook, had business interests that directly competed with eBay.The activist investor said he had found "multiple lapses in corporate governance" and called on both Andreessen and Scott to resign from eBay's board. Icahn also urged investors to vote for his nominees to the board.EBay accused Icahn of "mudslinging" and said in a statement that he was attacking two "impeccably qualified directors." Representatives for Scott Cook and Marc Andreessen were not immediately available for comment.
eBay Inc., is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI. Shares of EBAY traded higher by 3.32% or $1.81/share to $56.40. In the past year, the shares have traded as low as $48.06 and as high as $58.04. On average, 14460800 shares of EBAY exchange hands on a given day and today's volume is recorded at 11965440.
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