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Icahn, eBay Founder Dispute Continues Over Online Company's Future

February 27, 2014: 12:00 AM EST
Online auction and ecommerce firm eBay founder Pierre Omidyar called activist investor Carl Icahn a liar as the company’s management and Icahn continue to disagree over the company’s future directions. eBay rejected Icahn’s proposal for the company to spin off its PayPal online payment business, saying the board of directors has already considered the option and decided against it. Icahn, however, claimed the board is affected by conflicts of interest arising from the presence of board member Scott Cook, founder and shareholder of finance software firm Intuit. Icahn claims Intuit is a direct competitor of PayPal.
Dominic Rushe in New York, "Carl Icahn branded 'misleading' by Pierre Omidyar in bitter eBay row", The Guardian, February 27, 2014, © Guardian News and Media Limited
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