Andreessen Responds To Icahn’s Charges; Leaves Most Unanswered

In an interview with the Wall Street Journal, venture capitalist Marc Andreessen declined a response to Icahn’s most serious charges relating to the alleged failure of corporate governance, rampant self-dealing and a desertion of fiduciary responsibilities at eBay Inc (NASDAQ:EBAY).

“eBay sold a controlling stake in Skype to a sitting board member (Mr. Andreessen) and Silver Lake, for about $1.9 billion.  A mere 18 months later, that board member sold Skype to Microsoft for $8.5 billion,(4) thereby netting a $4 billion gain for himself and Silver Lake that should have accrued to eBay stockholders,” says Icahn in...