Carl Icahn’s Interview on eBay Inc (EBAY)

For many years, eBay Inc (NASDAQ:EBAY) has been known as the top online auction website in the world. While many enjoy what the site has to offer, including the millions of products for sale at a given time, some are not happy with the direction the company is headed. Furthermore, they feel that company executives are getting things all wrong.

Carl Icahn of Icahn Enterprises is known for being a billionaire investor. He is also known for being outspoken on a number of subjects, and most recently he took some swings at eBay, with a focus on corporate governance.

Hedge Fund Strategies

In a recent CNBC video segment, here is what Icahn had to say:

“Corporate governance, with exceptions, is completely dysfunctional and I made a great deal of money, and I am glad to hear you say I know something about biotech, I do not a little bit. But I will tell you this: the reason I made the money is not because I am a genius, it is because, it is sort of simplistic. Our companies are so badly run in many cases that all you have to do is really, this sounds simple, but all you have to do is get in there, get involved with these boards, change a lot of the things going on, and you have a much better company, you have assets that will be much more productive for our society.”

From there, Icahn went on to further discuss fixing “some of these companies” and what it means to get them back on the right track.

“From all the ones I have been in, and I have been in a lot, I have never seen worse corporate governance than eBay.”

This is a lot coming from somebody with as much experience as Icahn. He did not stop there, however, adding the following regarding the current state of eBay Inc (NASDAQ:EBAY).

“I have never seen somebody like Andreessen. I am not saying he is a bad guy, I blame Donahue more than Andreessen for letting that happen, but he took $4.5 billion. The company sold Skype a year and a half later. They bought it for $2.7 billion and sold it for $8.5 billion. You don’t have to be a genius to understand that there is something wrong.”

Those are strong words from Icahn regarding corporate governance at eBay Inc (NASDAQ:EBAY). Do you agree with him? Check out the full segment below:

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!