Investor Carl Icahn renewed his attack on eBay’s board of directors Wednesday, highlighting what he claims are conflicts of interest and vowing to “stand up” to the company.
in a new open letter to shareholders, the billionaire activist took specific aim at directors Scott Cook and Marc Andreessen’s links to eBay competitors. Icahn blasted what he called “corporate governance failures.” He vigorously questioned why Cook was still on the board, given that his stake in Intuit, which competes directly with eBay’s PayPal.
Icahn is embroiled in a bitter public battle with the online auction site. He insists that eBay should split its payment platform from its main business, and toward that end has amassed a 2.15 percent stake in the company.
“We believe corporate governance at eBay is dysfunctional. Let’s end this charade,” Icahn said.