EBay rejects Icahn slate of directors

SAN JOSE, Calif. (AP) — EBay is urging shareholders to vote for its directors rather than the pair put up by activist investor Carl Icahn.

E-commerce company eBay Inc. says its four directors up for re-election, including 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 re-elected.

Icahn has put forth two directors that are his employees and has urged shareholders to vote against eBay's board. The activist investor has urged eBay to spin off its profitable mobile commerce arm called PayPal.

Shares are down 49 cents at $58.57 in morning trading. The stock had been up about 8 percent since the beginning of the year.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Top Stories

  • Extraordinary Win
    Danny O'Neil says the Seahawks' win over the 49ers was nothing short of incredible

  • Holiday Map
    Find Christmas trees, Santa photos, and lights on the MyNorthwest Holiday Map
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Listen to the show
Hear GeekWire on KIRO Radio
Join Todd Bishop and John Cook weekends on KIRO Radio to talk Seattle technology.

Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.