logo
Plus   Neg
Share
Email

Starboard Delivers Letter To EBay Board; Announces Director Nominees

Starboard Value LP, one of the largest shareholders of eBay Inc. (EBAY), has delivered a letter to Thomas Tierney, eBay's Chairman of the Board. Also, Starboard Value LP nominated four director candidates for election at the 2020 Annual Meeting of Stockholders.

Starboard Value LP believes the CEO decision is critical for the long-term success of eBay. eBay should be focused on identifying qualified external candidates in order to hire a new CEO, Starboard said.

"We implore the Board to choose a leader that has the skill and capability to lead the company through a transition in a time of great economic transformation. Given our concerns over certain historical decisions, we worry that the Board may default to an internal candidate," Starboard stated.

Starboard's nominees to Board are: Shannon Brayton; Peter Feld; Eddy Hartenstein; and Stephanie Tilenius. Brayton most recently served as the Chief Marketing Officer of LinkedIn. Feld is a Managing Member and Head of Research at Starboard Value LP.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon is expanding the aircraft fleet of its air cargo network by leasing 12 additional Boeing 767-300 converted cargo aircraft from Air Transport Services Group Inc. This comes amid increased demand for shipments due to the coronavirus pandemic. These aircraft will join Amazon Air's existing fleet of 70 aircraft to bring its total network to more than 80 aircraft. New York's transit agency The Metropolitan Transportation Authority or MTA has pulled its newest subway cars from service after two cars got detached from a moving train. New York City Transit Interim President Sarah Feinberg launched an investigation into the matter. The entire R179 fleet from Canadian company Bombardier Inc. has been pulled until further notice after the incident in Chambers AMC Entertainment Holdings, Inc., the world's largest theatre chain, said it has substantial doubt in its ability to continue its business as theaters across the world remain closed for months now following coronavirus or Covid-19 pandemic. In a regulatory filing, the company said it is "generating effectively no revenue", and that additional capital, if needed, may not be available.
Follow RTT