Published On: Mon, Oct 20th, 2014

Marc Andreessen Leaves eBay’s Board: Is Carl Icahn Happy Now?

CNBC Events - Season 2013

 

Carl Icahn, who got in a tiff with fellow master investor Marc Andreessen, may be happy to hear that Andreessen has stepped down from eBay’s board. The reasoning for the departure has been said to be because eBay  has spun off Paypal, a move that  another shareholder in the company, Carl Icahn, wanted to see. However, Icahn had harsh words for Andreessen, who he said spoke in a funny high-pitched voice that was hard to listen to, and accused him of stealing Skype from eBay. Icahn noted Skype had a value of $2.7 billion when Andreessen bought 65% of it from eBay, and then he sold it back eighteen months later at $8.2 billion to eBay. Icahn told CNBC, ” Don’t you think there is something wrong with that? And he’s still sitting on the board. I believe he was willing to steal Paypal the way he stole skype.” Icahn concluded, “He has screwed more people than Casanova.”

Andreessen, who called Icahn an “evil Captain Kirk” has stepped down from eBay’s board, perhaps because, after the Paypal spinoff, there is less to do. Addressing the board, Andreessen said, “I could not be more proud of what we accomplished.” Shares of eBay rose 0.5%.

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