Part of Carl Icahn’s message is getting through to investors, but it might not be the message Icahn wanted to get through. A new study released by Bernstein research shows that eBay shareholders are divided about whether PayPal should be spun off from the online auctioneer, which is the primary goal behind Icahn’s public display of hostility towards the eBay Inc (NASDAQ:EBAY) board of directors. While unsure of Carl Icahn’s primary goal, the message investors may be accepting loud and clear is the composition of the board of directors should be changed. Unfortunately for Icahn, only a small percentage, less than…
eBay Shareholders Missing Icahn's Key Message
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.