Calling for a “watershed moment for stockholder participation,” activist hedge fund manager Carl Icahn called into question the current system of electing directors to corporate boards – and attacks his current favorite target, eBay Inc (NASDAQ:EBAY)’s management and board of directors. Blog post focuses on popular issues, avoids discussion of impact of PayPal losing customer revenue stream from eBay In a blog post today, Icahn focused on the larger – and politically populist – issue of shaking up corporate boards and giving a voice to average shareholders. Starting with popular macroeconomic issues and then diving into issues of shareholder rights,…
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- Blog post focuses on popular issues, avoids discussion of impact of PayPal losing customer revenue stream from eBay
- Great dangers facing our country: underfunded pensions, high unemployment, manipulated markets
- Power tends to corrupt, and absolute power corrupts absolutely
- "Not so world class board"
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