CNBC: eBay Inc. CEO John Donahoe On Proxy Fight Settlement

By: eBay Inc. Staff

eBay Inc. CEO John Donahoe appeared in a CNBC video interview on April 10, noting that the company’s agreement with activist investor Carl Icahn is a real win-win and will help preserve necessary focus on growing PayPal and eBay. 

johnsThe complete video interview is viewable online.

On April 10, eBay Inc. also announced the terms of its settlement in the proxy fight.  "As a result of our conversations, it became clear that Carl and I strongly agree on the potential of PayPal and our company,” Donahoe said. “I respect Carl’s willingness to work together to drive sustainable shareholder value today and into the future. His record shows that he has done this with many other companies in the past.”

“We also are honored to have Dave Dorman join our board as our tenth independent director,” Donahoe added. “Dave brings outstanding expertise and an impeccable reputation to our board. We look forward to benefitting from his insight and experience. Our board remains committed to evaluating all strategic options for our company to ensure we are creating sustainable value for shareholders.”

 

Image Credit: CNBC