eBay Inc (EBAY): Carl Icahn steps away from proxy fight
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
eBay Inc (NASDAQ:EBAY) and Carl Icahn have made a settlement in their proxy fight. Icahn dropped his demand to have two of his employees added to eBay’s board of directors. He will no longer campaign to have PayPal split from eBay. eBay is allowing Icahn to appoint former AT&T CEO David Dorman as an independent director.