SAN JOSE, Calif. — EBay is urging shareholders to support its directors and reject the pair put up by Carl Icahn.
The two sides traded barbs Monday in the latest round in the ongoing tussle between the e-commerce company and the activist investor who wants to split it in two.
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Icahn and eBay began their dispute in January, when Icahn disclosed a less than 1 percent stake in the company. He wants eBay to spin off its PayPal mobile commerce arm, which is growing revenue faster than the rest of the company. EBay, on the other hand, strongly believes PayPal should stay part of the company.
EBay Inc. said Monday its four directors up for reelection – CEO John Donahoe, company co-founder and managing director Fred Anderson, Intuit co-founder Scott Cook, and former Agilent Technologies CEO Edward Barnholt – should be supported by shareholders.
Icahn has put forth two candidates for the board who are his employees and has urged shareholders to vote against eBay’s directors. In an online post Monday, Icahn reiterated that he believes PayPal should be spun off, the directors up for reelection should resign, and his candidates should be voted in.
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