EBAY BOARD CUTS CEO PAY CITING POOR FINANCIAL PERFORMANCE
EBay Inc. (EBAY), the largest online marketplace, said Chief Executive Officer John Donahoe received $13.8 million in total compensation last year, a 53 percent drop from 2012, when he was granted a large stock award. ~BLOOMBERG
Icahn is absolutely right. Spinning off Pay Pal would enrich EBAY stockholders by at least $20 a share. The EBAY CEO is just plain more interested in his well being than creating $20 Billion in gains for EBAY shareholders.
Donahoe must go.
I agree, Donahoe wants to keep the PayPal fraud machine alive for as long as he can before the boys in blue come with the boxes and vans to collect the documents. Boys in blue meaning the FBI. They usually bring chains and locks when they perform raids on businesses.