I Can’t Stand These Slimebags
Bill Quick

Investor Icahn blasts eBay board, calls for company to spin off PayPal | PCWorld

Investor Carl Icahn has ripped into the eBay board of directors and called for the company to spin off its PayPal unit in a colorful letter to eBay stockholders released Monday.

Icahn, a long-time activist investor in tech companies. accused two eBay board members, Marc Andreessen and Scott Cook, of directly competing with the company, and said that CEO John Donahoe was “completely asleep or, even worse, either naive or willfully blind to these grave lapses of accountability and stockholder value destruction.” Icahn called on eBay’s board members to resign.

Let me translate:  “Activist investor” actually means “vulture capitalist who makes money extorting payoffs from otherwise healthy companies.”

 

Posted in Markets permalink
Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

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