Hedge Funds

Carl Icahn Finally Finds The Worst Company In History

Carl Icahn has seen some badly-run companies in his many, many days. Dell. Netflix. Clorox. Pershing Square Capital Management. But he’s never seen anything quite like the corrupt catastrophe that is eBay.

Ticking off a list of corporate disputes he’s been involved in, Icahn said he’s “never seen worse corporate governance than eBay….”

Icahn said Wednesday the idea that there were no other bidders for Skype is a myth.

“Don’t tell me that Microsoft suddenly had an epiphany … and decided only a year and a half later, ‘Wow, we’re only going to pay $6 billion more.'”

EBay is worst-run company I have ever seen: Carl Icahn [CNBC]

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9 Responses to “Carl Icahn Finally Finds The Worst Company In History”

  1. Guest says:

    getting tired of this old shithead

  2. Guest says:

    Apple suddenly fell far from the tree?

  3. one can hope says:

    Shaz, any thoughts on writing letters to shareholders full-time for Carl?

  4. UBS quant says:

    I just bought a new Rolex off eBay for only $200!! Wow…did I just get on over on the poor shmuck.

  5. I was there says:

    Icahn becomes predictable. First he buys a small share. Then he starts badmouthing the management. When the share price drops, he buys a bigger share. If he wins, he puts his puppets on the board and starts plundering. If he loses, he waits until the ruckus dies down and quietly sells for a profit. It's a scam with only one winner.