Sunday 25 March 2018

Dissent on EBay board over nomination of directors

Carl Icahn
Carl Icahn

EBay urged its shareholders to vote against the two directors whom activist investor Carl Icahn nominated to its board.

The e-commerce company said that both nominations were rejected by its board's Corporate Governance and Nominating Committee.

Mr Icahn, who owns just over 2pc of eBay, has also been pressuring the company for weeks to spin off its PayPal payments business. He has also repeatedly accused eBay of poor corporate governance.

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