EBay chair: Icahn accusations ‘false and misleading’

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A public brawl over eBay’s business strategy intensified on Thursday, as the company’s chairman lashed out at Carl Icahn, rebutting claims made by the billionaire activist about its corporate governance.

In the wake of Icahn releasing two pointed public letters that questioned eBay’s refusal to spin off PayPal from its primary online auction business, eBay chairman Pierre Omidyar accused the activist of “making unsubstantiated claims about our company—and deliberately impugning the integrity of our directors.”

Icahn claims that two board members, Marc Andreessen and Scott Cook, have irreconcilable conflicts of interest that make them unsuitable to sit on eBay’s board. However, Omidyar backed both men, calling Icahn’s claims “false and misleading.”

–By CNBC

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