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As Expected, eBay Rejects Icahn's Board Nominees

EBay said Monday it had rejected the two executives that activist investor Carl Icahn had nominated for seats on its board of directors as part of his push for the company to spin off its PayPal subsidiary. Icahn today issued his latest open letter to eBay shareholders, in which he once again attempted to make the case that CEO John Donahoe had cost eBay shareholders billions by selling Skype to an investor group instead of its current owner, Microsoft. EBay has said it completed the best deal for Skype at the time.

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