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Icahn-eBay Battle Heats Up

Billionaire investor Carl Icahn continued his attack on eBay today, once again assailing directors Marc Andreessen and Scott Cook for alleged conflicts of interest in an open letter to shareholders, saying, “Corporate governance at eBay is dysfunctional. Let’s end this charade.” Icahn recently took more than a two percent stake in the company and is pushing for two board seats and a spinoff of PayPal. EBay fired back with a defense of Andreessen and a warning to shareholders that “Carl Icahn doesn’t let the truth get in the way of a good story.”

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