Corporate governance: Anything you can do, Icahn do better

Feb 13, 2014 Full story: The Economist

TIM COOK'S nightmare is over, but John Donahoe's has just begun. On February 10th Carl Icahn, the godfather of activist shareholders, ended his campaign to get Mr Cook, the boss of Apple, to return some of its $160 billion cash mountain to shareholders through share buy-backs.

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Since: Nov 13

Sydney, Australia

#1 Feb 18, 2014
Though it pains me terribly …

Notwithstanding that I have hereto before been a constant vociferous critic of eBay’s chief headless turkey, Johnny Ho, this time I have to concur with him that eBay should never let go of “PreyPal”. As great a fool as he is, Johnny Ho knows that without its existing integrated relationship with the eBay marketplace, the value of the clunky “PreyPal”, as a stand-alone, would be reduced catastrophically (eBay actually generates ~30% of PayPal new users with no customer acquisition costs for PayPal and half of PayPal's profits come from transactions on eBay where “PreyPal” is well integrated); and, worse still, without “PreyPal”, the value of the eBay marketplace would be reduced by some 40%(“PreyPal” currently contributes ~42% of eBay’s profits)…

I hate to admit it, but for once Johnny Ho has got it right; Carl Icahn does not know what he is talking about and clearly has no understanding of the value of the inextricable and mutually supporting nature of the incestuous relationship between these two clunky, disingenuous, unscrupulous, commercial entities …

Regardless, none of the above can outweigh the fact that Johnny Ho is otherwise a talentless, destructive, narcissistic sociopath and that under his direction eBay Inc. is ultimately going to finish up at the sewage farm …

The fact is, notwithstanding the amount of disingenuous noise that constantly emanates from the eBay Dept of Spin,“PreyPal” has little more than one percent (~1.1%) of the world’s total payments business (and much of that is funded via MasterCard/Visa); the “bankcards”, MasterCard and Visa, have ~90% thereof between them and Amex has another ~8%, and MasterCard and Visa have recently launched their own professional mobile/plastic POS/online digital wallets—The clunky PreyPal’s “best before” date is approaching …

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...

eBay / PayPal / Donahoe: Dead Men Walking ...

Since: Nov 13

Sydney, Australia

#2 Feb 19, 2014
Wot, only three shills working out of the eBay Dept of Spin this week?

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...

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