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Mar 5, 2014

EBay CEO says top shareholders agree PayPal should stay put

NEW YORK (Reuters) – EBay Inc CEO John Donahoe said on Wednesday that several of the online retailer’s most active shareholders have assured him they support his efforts to resist demands by activist investor Carl Icahn for a spin-off of the PayPal unit.

Donahoe told Reuters on Wednesday he has spoken with as many as 16 of the 20 most-active shareholders in eBay, and most favored hanging on to the fast-growing PayPal payments unit. He did not say what percentage of the company’s shares were held by the investors who agreed with his resistance to Icahn.

Feb 24, 2014

Icahn, eBay trade accusations as fight escalates

NEW YORK (Reuters) – Billionaire investor Carl Icahn accused eBay Inc Chief Executive John Donahoe of failing to spot – or ignoring – conflicts of interest on the company’s board and called again for the spinoff of its fast-growing PayPal payments business.

Icahn, who also disclosed a 2.15 percent stake in the e-commerce giant on Monday, said in a letter to shareholders that two long-time board members, Marc Andreessen and Scott Cook, had business interests that directly competed with eBay.

Feb 24, 2014

Icahn accuses eBay board members of conflicts of interest

Feb 24 (Reuters) – Billionaire investor Carl Icahn accused
eBay Inc Chief Executive John Donahoe of failing to
spot – or ignoring – conflicts of interest on the company’s
board and called again for the spinoff of its fast-growing
PayPal division.

Icahn, who also disclosed a 2.15 percent stake in the
e-commerce giant, said in a letter to eBay shareholders on
Monday that he had found “multiple lapses in corporate
governance” that “could put the future of the company in peril.”

Feb 21, 2014

Juniper Networks bows to Elliott’s demands

NEW YORK, Feb 20 (Reuters) – Juniper Networks Inc
has agreed to several of hedge fund Elliott Management Corp’s
demands for changes at the network equipment maker, including
appointing two directors proposed by Elliott, a person close to
the matter said on Thursday.

The source requested anonymity because the director nominee
discussions are private.

Feb 20, 2014

Blackstone, GIC nearing Kronos minority stake deal – sources

New York, Feb 20 (Reuters) – Private equity firm Blackstone
Group LP and Singapore sovereign wealth fund GIC are in advanced
talks to buy minority stakes in Kronos Inc that could value the
human resources software company at around $4.5 billion,
including debt, three people familiar with the matter said.

Blackstone and GIC plan to collectively invest $750 million
for just over 40 percent of the equity in Kronos, one of the
sources said. A deal could be announced as early as this week,
that person added, cautioning that some details were still being
negotiated.

Feb 14, 2014

Exclusive: P&G eyes alumni, unit heads as candidates for CEO job

NEW YORK (Reuters) – Procter & Gamble Co (PG.N: Quote, Profile, Research, Stock Buzz) is considering current and former executives of the world’s largest household products maker as it begins the search for candidates to succeed Chairman and Chief Executive A.G. Lafley, according to sources familiar with the situation.

P&G veterans being considered as part of the succession planning process include Fabrizio Freda, who spent two decades at the company before becoming CEO of Estee Lauder Cos Inc (EL.N: Quote, Profile, Research, Stock Buzz); and Susan Arnold, former president of global business units who is now an operating partner at private equity firm Carlyle Group LP (CG.O: Quote, Profile, Research, Stock Buzz).

Feb 14, 2014

P&G eyes alumni, unit heads as candidates for CEO job

NEW YORK, Feb 13 (Reuters) – Procter & Gamble Co is
considering current and former executives of the world’s largest
household products maker as it begins the search for candidates
to succeed Chairman and Chief Executive A.G. Lafley, according
to sources familiar with the situation.

P&G veterans being considered as part of the succession
planning process include Fabrizio Freda, who spent two decades
at the company before becoming CEO of Estee Lauder Cos Inc
; and Susan Arnold, former president of global business
units who is now an operating partner at private equity firm
Carlyle Group LP.

Feb 5, 2014

Exclusive: Former HP stars Bradley, Donatelli on brink of exit – sources

NEW YORK/SAN FRANCISCO (Reuters) – Two of Hewlett-Packard Co’s most powerful executives, until they were sidelined by CEO Meg Whitman, are preparing to leave the company in the coming weeks, several sources say.

Todd Bradley and Dave Donatelli have been interviewing for potential jobs for several months, four sources familiar with the situation said.

Feb 5, 2014

Former HP stars Bradley, Donatelli on brink of exit -sources

NEW YORK/SAN FRANCISCO, Feb 5 (Reuters) – Two of
Hewlett-Packard Co’s most powerful executives, until
they were sidelined by CEO Meg Whitman, are preparing to leave
the company in the coming weeks, several sources say.

Todd Bradley and Dave Donatelli have been interviewing for
potential jobs for several months, four sources familiar with
the situation said.

Feb 4, 2014

Elliott readies own director slate as Juniper finalizes turnaround plan -sources

NEW YORK, Feb 3 (Reuters) – Hedge fund Elliott Management
Corp, which owns a 6.2 percent stake in Juniper Networks Inc
, has prepared a slate of directors in the event that
the network equipment maker’s pending turnaround plan does not
achieve goals laid out by the activist investor, people close to
the matter said.

Elliott, which in January urged Juniper to return cash to
investors, consider cutting costs and conduct a strategic review
of its product portfolio, said in a statement on Monday that it
has recruited a team of leading executives who have the
“operational skills” and “deep industry experience” to make its
plan a reality.