EBay rejects Icahn slate of directorsMarch 10, 2014 @ 7:10 am (Updated: 7:21 am - 3/10/14 )
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 This material may not be published, broadcast, rewritten or redistributed.
A Seattle hotelier wants a no-panhandling zone after being attacked downtown, twice
Dori Monson says he's thrilled the Seattle government will start picking through garbage
What We Learned
Danny O'Neil looks at three things we learned in Sunday's game against Denver
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.