Internet entrepreneur Marc Andreessen hit back at billionaire Carl Icahn on Monday, saying that claims made by the shareholder activist to get him booted from eBay’s board of directors were “false and misleading.”
Escalated a public spat that has captivated Wall Street for the last several days, Andreessen insisted any alleged conflicts of interest were fully disclosed. He added that contrary to Icahn’s claims, he does not serve on any board that has “significant competitive overlap” with eBay.
Icahn has been agitating eBay for months to spin off its PayPal platform from its Internet retail business. He has amassed a large stake in the company’s stock, and simultaneously launched a series of broadsides at Andreessen and Scott Cook, the chairman of Intuit.