eBay Posts

eBay Inc (EBAY): Carl Icahn steps away from proxy fight

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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.
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eBay Inc (EBAY): Carl Icahn suggests partial PayPal IPO

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Billionaire activist investor Carl Icahn is suggesting that eBay Inc (NASDAQ:EBAY) spins off 20% of PayPal in an IPO. He has released a detailed plan for the separation of PayPal and eBay since the beginning of an unsolicited campaign in January.

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eBay Inc (EBAY) Magento unit hit with layoffs

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According to Re/Code, eBay Inc (NASDAQ:EBAY) has laid off “dozens” of employees at its Magento e-commerce software division. The total number of affected jobs is at around 50 people. The layoffs includes Magento’s product and marketing departments at its office in San Jose and Magento’s office in L.A. Jimmy Duvall, the head of product at Magento, will be departing from the company.

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eBay Inc (EBAY) drops CEO’s pay by 53%

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eBay Inc (NASDAQ:EBAY) has dropped the pay of CEO John Donahoe by 53%. Donahoe was paid $13.8 million, including salary and bonus in 2013. This is down from $29.7 million a year ago. His basic salary increased by 2%, but the annual cash incentive fell by 43% from a year earlier. Donahoe performed well, but eBay’s financial performance did not “fully meet expectations.”
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eBay Inc (EBAY) rejects Icahn’s nominees for board of directors

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eBay Inc (NASDAQ:EBAY) is in the midst of a major disagreement with billion activist investor Carl Icahn. One of the latest blows to Icahn in the disagreement is that eBay rejected his two nominees for the board of directors and decided to renominate every director up for re-election this year. Icahn published a criticism of eBay CEO John Donahoe in a letter to shareholders. Icahn said that the sale of Skype was mishandled and costed the shareholders $4 billion.
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eBay Founder Pierre Omidyar defends keeping PayPal

Pierre Omidyar
eBay founder Pierre Omidyar announced on Thursday that Carl Icahn’s claims that the company is not operating in the interest of shareholders are false. Icahn wrote three letters to eBay shareholders that urges the splitting off of PayPal, which is the fastest growing division at eBay and accounts for around 40% of the company’s revenues.
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eBay Inc (EBAY) leads $134M investment in Snapdeal

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eBay Inc (NASDAQ:EBAY) is leading a $133.77 million investment in Indian e-commerce company Snapdeal. This round of funding follows a previous investment round that eBay made in Snapdeal last year. Snapdeal has raised a total of $202 million across five rounds of funding. 
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eBay Inc (EBAY) gets accused of conflict of interest by Icahn

Carl Icahn
eBay Inc (NASDAQ:EBAY) is being accused of conflict of interest by billionaire activist investor Carl Icahn. Icahn accused eBay CEO John Donahoe of failing to spot or ignoring conflicts of interest on the company’s board of directors.
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