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Icahn accuses eBay board members of conflicts of interest

HedgeWorld – Billionaire investor Carl Icahn accused eBay Inc. Chief Executive John Donahoe of failing to spot – or ignoring – conflicts of interest on the company’s board and called again for the spinoff of its fast-growing PayPal payments business.

Icahn, who also disclosed a 2.15 percent stake in the e-commerce giant on Monday [Feb. 24], said in a letter to shareholders that two long-time board members, Marc Andreessen and Scott Cook, had business interests that directly competed with eBay.

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