Icahn, eBay trade barbs as feud escalates

Billionaire investor Carl Icahn and eBay Inc took their war of words up a notch on Wednesday. Icahn, who last month called for eBay to sell off its fast-growing PayPal payments business, called corporate governance at the e-commerce giant "dysfunctional" in his second letter to eBay shareholders this week. The activist investor, who has a 2.15 percent stake in eBay, promised to lay out a detailed case for spinning off fast-growing PayPal in coming weeks. He sent an open letter to eBay shareholders this week accusing two company directors of conflicts of interest.

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