Icahn on eBay: 'Never seen worse corporate governance'

There are 1 comment on the The Globe and Mail story from Mar 5, 2014, titled Icahn on eBay: 'Never seen worse corporate governance'. In it, The Globe and Mail reports that:

Billionaire activist investor Carl Icahn said Wednesday that corporate governance at e-commerce giant eBay Inc. was the worst he had ever seen.

Join the discussion below, or Read more at The Globe and Mail.

Since: Nov 13

Sydney, Australia

#1 Mar 5, 2014
“One reason we were enthusiastic about buying Skype was that even though we thought it would be a tremendous standalone business, we also knew that for Microsoft and a number of other companies Skype would be an obvious thing to buy. We knew we’d always have the fall-back of selling to strategic buyers.”—Marc Andreessen—after the sale to Microsoft …

Well, if Andreessen did indeed make that statement it does appear damning. Further, it can be demonstrated that eBay Inc. is a knowing and calculated facilitator of widespread auction fraud on the consumers of the world, and it would surely be naïve to think that eBay’s directors could be so uninformed that they were unaware of this oft reported and endemic criminal activity … http://bit.ly/11F2eas

It follows therefore that if anyone thinks that such directors would not take such an opportunity to further enrich themselves, then they have probably spent far too much time in Wonderland—along with Alice, and eBay’s Johnny Ho.

Directors may well recuse themselves from the decision making process in such situations of potential conflict of interest but, don’t kid yourself, such deals, and the dividing up of the spoils therefrom, will have been pre-determined in the executive washroom, well in advance of any formal board meeting …

The ugly reality of eBay Inc.:
eBay's crooked auctions marketplace ... http://bit.ly/11F2eas
eBay Motors (UK sampling): Auction Fraud Galore ... http://bit.ly/I2gTEU
eBay Motors XSS Redirect Scams in Action: video ... http://bit.ly/1d46NvE
eBay/Gumtree / Barclays Bank Motors Scams … http://bit.ly/1c9Uwck
eBay's clunky, unscrupulous "PreyPal" ... http://bit.ly/UVXx53
The ongoing joke of eBay Inc.... http://bit.ly/YvxFEg
Fun quotes from the eBay executive suite ... http://bit.ly/12xvzyA
On Facebook ... https://www.facebook.com/groups/formerebaysel...

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Corporate Governance Discussions

Title Updated Last By Comments
Kitchen Offers Reviews Nov '14 citata 1
News Bell Gardens: (Oct '07) Jun '14 mr cartoon 33
News What Wal-Mart prefers to keep secret (May '14) May '14 streamline means ... 1
News Fitch Affirms Utica, NY's GOs at 'BBB'; Outlook... (Apr '14) Apr '14 AquaFeces on duh ... 4
News Icahn vs. eBay Board - Governance or Gamesmanship? (Apr '14) Apr '14 Philip Cohen 3
News The real problem at eBay: corporate governance (Mar '14) Mar '14 Philip Cohen 4
News eBay Rejects Icahn Nominees as Fight Goes to Sh... (Mar '14) Mar '14 Philip Cohen 2
More from around the web