Icahn Rolls Out the Machine on eBay
Carl Icahn, unsurprisingly, is not letting up on his attack on eBay. The billionaire and activist investor has released a response letter (to a response of a response) to eBay shareholders on Friday morning.
Carl Icahn, unsurprisingly, is not letting up on his attack on eBay Inc. (NASDAQ: EBAY). The billionaire and activist investor has released a response letter (to a response of a response) to eBay shareholders on Friday morning. Icahn said:
I am frankly growing a bit tired of reading eBay’s repetitive evasive responses to the legitimate issues we have been raising. Their messages all sound the same. Repeating the same mantra — “world-class” board, “world-class” board, “world-class” board — over and over again might work in a totalitarian state where only one side gets to speak. But, thankfully, we live in a democratic state where there can be a voice of reason on the other side.
Friday’s letter really focuses on shareholders needing to think about whether they should reelect eBay’s board of directors. Anyhow, you have heard the rest of it — and if you have not you can probably guess it.
eBay shares are up a dime at $58.44 in early Friday trading, just shy of the $59.27 high.
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
