eBay Faces New Challenge From Activist Investor
eBay (NASDAQ: EBAY) has once again fallen under the gaze of Starboard Value. The activist hedge fund has put forward a minority slate of nominees for eBay's board of directors, according to a report in The Wall Street Journal. Starboard acquired about 1% of eBay's shares early last year and has taken the e-commerce company to task for its anemic growth rate and for not moving quickly enough to sell off its classified advertising business.
The board will be up for election at eBay's annual meeting in June, though it isn't clear exactly whom Starboard has nominated, or the number of people it has put forward.
Image source: eBay.
Source Fool.com
