eBay

Thankfully, the e-commerce giant came to its senses before Ichan had to go all Queens schoolyard on its ass. The only reason he gave them an extension on his patience is because he’s actually had great success selling his knickknacks on the site. Read more »

Carl Icahn Really Knows How To Make A 2.2% Return Shine

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 »

  • 16 May 2014 at 9:00 AM

Buy Used Toys, World War II Memorabilia With Bitcoin

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 »

Uncle Carl has been railing about eBay’s refusal to do what he wants it to do for seven whole weeks now, with new missives every other business day, plus countless tweets and television appearances, about how very badly run is a company that he owns 2% of. Perhaps he realizes that not everyone will wish to read the tens (hundreds? We’ve lost count.) of thousands of words he’s penned on the matter. So allow him to make his case in 23.

CARL ICAHN ON EBAY: CONFLICTS OF INTEREST! OPTIONS BACKDATING SCANDAL! INVESTMENTS IN DIRECT COMPETITORS! DEPARTMENT OF JUSTICE INVESTIGATION! THESE ARE “WORLD-CLASS” DIRECTORS?

OK, maybe a few more: Read more »

Leon Cooperman can’t believe he’s saying this, but he actually thinks Carl Icahn’s talking some sense. Read more »

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 »

Silicon Valley Mafia Not Amused By This Carl Icahn Guy

We all know that Carl Icahn can handle himself on the rough-and-tumble schoolyards of Queens. But he might want to think twice before strolling among the well-manicured lawns of Sunnyvale after dark after his unkind remarks about Valley Godfather Marc Andreessen and his associates at eBay. Read more »