Tags: Carl Icahn, eBay, Math
A couple of weeks back, Carl Icahn took to a regulatory filing to give himself a pat on the back for putting the kind of competent asses in boardroom chairs that instantaneously turn a company around. And no company got its ass more turned around than eBay, which boasted the worse corporate governance in the history of capitalism until Uncle Carl’s designee—well, not exactly designee, but someone inoffensive to both Carl and eBay—took his seat on June 17 and led the online auction site to an impressive 76% annualized return over the next 13 days, during which time eBay shares actually appreciated all of 2.2%.
That’s not bad for two weeks’ work, of course, but the crazy thing is that two months later, Icahn’s chart proving beyond any doubt that activism works or something actually understates his case. eBay shares are up 13.67% since former AT&T CEO David Dorman took his seat, and that annualizes out to something like 125%, give or take. Maybe he is a wizard. Or: Read more »
Tags: bitcoins, eBay, John Donahoe, new exciting and emerging technologies, sequinned pants
At some unspecified point in the future, possibly after several dozen hours of discussion, eBay will probably be happy to take some fake money off your hands for whatever junk you may be buying. Through PayPal, even, which, in spite of Carl Icahn’s best efforts, it will probably still own. Read more »
Tags: BlackRock, Carl Icahn, eBay, holding back tears, Larry Fink, Liar Gate, modesty, watershed moments, with you until that last part
For the first time in more than a month, Carl Icahn has written about something other than eBay. Kind of*. “A Watershed Moment for Stockholder Participation” celebrates the fact that institutional investors have begun to stand up for themselves, and in Icahn’s lifetime, to boot, at least in between digs at and rehashings of his case against, you guessed it, eBay. Read more »
Tags: Carl Icahn, eBay, energetic octogenarians, Leon Cooperman, portions of PayPal
Leon Cooperman can’t believe he’s saying this, but he actually thinks Carl Icahn’s talking some sense. Read more »
Tags: can't have people know we mutally respect one another, Carl Icahn, eBay, frank exchanges of views, ground rules, John Donahoe, off the record, open conversations
On the record, the mudslinging between the aged corporate raider and the online auctioneers remains as nasty as ever, with eBay calling Uncle Carl’s employees and would-be eBay directors unqualified and busier than Marc Andreessen, and Icahn shooting back that CEO John Donahoe is “either incompetent or negligent,” and eBay responding in kind, calling Icahn a liar who is impervious to facts.
Off the record, however, Icahn and Donahoe are gentlemen, well-practiced in the arts of etiquette and decorum. Read more »
Tags: Carl Icahn, eBay, Skype, still capable of surprise
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. Read more »