By Phil Wahba and Nadia Damouni NEW YORK (Reuters) – EBay Inc CEO John Donahoe said on Wednesday that several of the online retailer's most active shareholders have assured him they support his efforts to resist demands by activist investor Carl Icahn for a spin-off of the PayPal unit. Donahoe …
Read More »Icahn: ‘I’ve Never Seen Worse Corporate Governance Than eBay’ – Moneynews
Icahn: 'I've Never Seen Worse Corporate Governance Than eBay'MoneynewsHe's upset that eBay sold Skype in a September 2009 for only $2.75 billion to an investor group that included eBay board member Marc Andreessen. The group itself sold Skype 1 ½ years later to Microsoft for $8.5 billion. Editor's Note: Free …
Read More »eBay's Management Presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript)
Very happy to have Bob Swan, CFO of eBay with us this morning, Bob thanks coming back this year. And maybe a good place to start is some of the more recent events that have been going on with yourselves and some in the investment community and just the way …
Read More »Berkeley: Federal watchdog criticizes post office broker’s dual role – Vallejo Times-Herald
Berkeley: Federal watchdog criticizes post office broker's dual roleVallejo Times-HeraldBERKELEY — The United States Postal Service should stop allowing commercial real estate services firm C.B. Richard Ellis from representing both seller and buyer, and lessor and lessee in post office property transactions, according to a Feb.and more » More: continued here
Read More »EBay CEO says top shareholders agree PayPal should stay put – Reuters
EBay CEO says top shareholders agree PayPal should stay putReutersDonahoe told Reuters on Wednesday he has spoken with as many as 16 of the 20 most-active shareholders in eBay, and most favored hanging on to the fast-growing PayPal payments unit. He did not say what percentage of the company's shares …
Read More »EBay CFO: PayPal “not being constrained” – MarketWatch
EBay CFO: PayPal "not being constrained"MarketWatchSAN FRANCISCO (MarketWatch) — EBay Inc. [ebay] chief financial officer Bob Swan said Wednesday that the company's PayPal payments business "is not being constrained" because it's part of a larger company. Speaking at a Morgan Stanley tech … More: continued here
Read More »DealBook: LinkedIn Co-Founder Defends EBay Against Icahn
Reid Hoffman criticized Carl C. Icahn’s campaign against eBay, arguing that the assault is rooted in short-term thinking that runs counter to Silicon Valley’s focus on long-term growth. More: continued here
Read More »EBay’s Donahoe: Payments, E-Commerce Are Converging – Fox Business
EBay's Donahoe: Payments, E-Commerce Are ConvergingFox BusinessEBay (EBAY) chief executive John Donahoe told FOX Business' Maria Bartiromo Wednesday keeping eBay and PayPal together makes sense as the payment and e-commerce segments converge. “We believe eBay and PayPal together make each more … More: continued here
Read More »LinkedIn co-founder Hoffman sides with eBay in Icahn battle
Reid Hoffman claims that Carl Icahn's idea of spinning out PayPal from eBay is short-term thinking that treats the payment platform as a "cash cow that's ready to be slaughtered." Originally posted at News – Internet & Media More: continued here
Read More »Blackburn councillor backs Royal Mail post suspension decision – This Is Lancashire
This Is Lancashire Blackburn councillor backs Royal Mail post suspension decisionThis Is LancashireA BLACKBURN councillor has backed the Royal Mail's decision to suspend postal deliveries to a whole street after a post man was bitten by a dog. Shadsworth and Whitebirk councillor Jim Shorrock said: “Considering that Blackburn has just …
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