What Silicon Valley doesna t understand
The compositions of the boards of Silicon Valley companies are once again in the spotlight.
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Since: Nov 13
#1 Feb 25, 2014
eBay Inc. Responds to Carl Icahn's Feb. 24 Open Letter to Stockholders
“SAN JOSE, Calif.--(BUSINESS WIRE)-- New eBay shareholder Carl Icahn has cherry-picked old news clips and anecdotes out of context to attack the integrity of two of the most respected, accomplished and value-driven technology leaders in Silicon Valley. Marc Andreessen and Scott Cook bring extraordinary insight, expertise and leadership to eBay's board, which is scrupulous in its governance practices and fully transparent with regard to its directors' other affiliations and businesses. And eBay Inc. President and CEO John Donahoe is widely respected for his turnaround of eBay and leadership of the company over the past six years.
“As we are sure our other shareholders would agree, we prefer to engage in more constructive and substantive discussions of why, in our view, PayPal and eBay are better together. Instead, Mr. Icahn unfortunately has resorted to mudslinging attacks against two impeccably qualified directors.
“Mr. Icahn has nominated two of his employees to eBay's board. As we have said, the board's nominating committee will review the nominations of his employees in due course. Even if our board does not support the nominations, ultimately shareholders will decide whether they believe Mr. Icahn's employees are better qualified than directors such as Mr. Cook (Mr. Andreessen is not up for re-election this year) to sit on the board of a leading technology company.”
Demonstrably, the word “scrupulous” should never be used in combination with “eBay” or “PreyPal”, two of the most unscrupulous organisations on the planet.“And eBay Inc. President and CEO John Donahoe is widely respected for his turnaround of eBay and leadership of the company over the past six years.” Too funny, and direct from the eBay Dept of Spin no doubt. Icahn has one thing right, these three guys are only interested in eBay’s interests for what they can get out of it themselves; at least their logic for keeping hold of “PreyPal” is sound and in the interests of eBay shareholders—if eBay shareholders ever get a dividend therefrom …
Since: Nov 13
#3 Feb 26, 2014
Ah, shucks, it appears that today there are only three people awake in the "counter-criticism" section of the eBay Dept of Spin ... what about, instead, an intelligent response involving o few words in the English language?... regardless, keep up the good work guys ...
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