Omidyar, who is the largest shareholder in eBay with a stake of 8.37
percent, said separating PayPal from eBay was not a new idea and the
board had evaluated the option but decided to keep the businesses
Icahn, who disclosed a 2.15 percent stake in the e-commerce company
last week, had also accused two long-time eBay board members, Marc
Andreessen and Scott Cook, of having business interests that
directly competed with eBay.
"Instead of having an honest discussion about a reasonable question,
Mr. Icahn has chosen to attack the integrity of two highly respected
and qualified board members, Scott Cook and Marc Andreessen,"
Omidyar said in a statement.
Venture capitalist Marc Andreessen defended the corporate-governance
practices of the technology industry in an interview with the Wall
Street Journal saying, "If I'm on a public board and that public
company is looking at buying a company in a certain space and one of
my startups is in that space, I will not be part of that
[to top of second column]
"This has been established over decades of corporate governance and
there's nothing unique to tech about it," Andreessen told the
(Reporting by Supantha Mukherjee and Varun Aggarwal in Bangalore;
Editing by Kirti Pandey and Supriya Kurane)
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