Like a politician bobbing and weaving during an election cycle to change the issue to his advantage, activist hedge fund manager Carl Icahn, in a mud-dragging, bloodcurdling fight with eBay's corporate board, had previously stated his primary goal in a battle with eBay Inc. (NASDAQ:EBAY) is separating subsidiary PayPal from the mother ship, selling the electronic payment processor to the highest bidder so as to produce a higher stock price for investors.
Given this is the primary issue, why hasn't the public debate mainly focused on the intellectual argument behind the breakup logic? Judging from the volumes of his public statements and press reports he inspires, the more visible issue is Icahn calling into question eBay's board of directors.
Setup a free account to get access to this article (no credit card required).Login required to continue reading.
