EBay Inc. Chief Executive Officer John Donahoe is stepping up his offense against activist Carl Icahn, a sign of the rising stakes in his effort to keep from splitting off the e-commerce company’s PayPal business.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
David Rockefeller, Ronald Perelman , Larry Ellison , Sanford Weill , Ted Turner and Paul Allen joined a pledge started by Warren Buffett for billionaires to give more than half their wealth to charity.
EBay Inc. said activist investor Carl Icahn has proposed splitting off its PayPal online payments unit and is nominating two of his employees to join the board, as the largest online marketplace reported holiday quarter sales that missed analysts’ estimates.