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Wednesday, March 5, 2014

Icahn says eBay corporate governance worst ever -CNBC, (NASDAQ: EBAY)

Billionaire activist investor Carl Icahn said Wednesday that corporate governance at e-commerce giant eBay Inc., in which he is a shareholder, was the worst he had ever seen."I've never seen worse corporate governance than eBay," Icahn told CNBC television. Icahn, who has a 2.15 percent stake in eBay, is known for taking large stakes in companies and pushing for management change.Icahn also said that eBay chief executive John Donahoe should not have control over PayPal, the company's fast-growing payments business.Icahn has called for the company to spin off PayPal. He has publicly feuded with eBay over its 2009 sale of a majority stake in online phone service Skype to private investors, including eBay board member Marc Andreessen's venture capital firm Andreessen Horowitz.

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 0.07% or $0.04/share to $59.10. In the past year, the shares have traded as low as $48.06 and as high as $59.70. On average, 13987700 shares of EBAY exchange hands on a given day and today's volume is recorded at 5793486.