Report: eBay shareholders vote for power to nominate directors

San Jose, Calif. – eBay Inc. shareholders have reportedly voted themselves a measure of power to nominate directors on the company’s board. According to the Wall Street Journal, 59% of shares voting at the meeting approved allowing investors who hold at least 3% of eBay’s shares for three years to nominate up to 25% of the company’s directors.



eBay opposed the measure. However, eBay did receive shareholder approval of all 15 directors it nominated for election to the board, including Carl Icahn associate Jonathan Christodoro. The noted activist investor Icahn was a driving force behind eBay’s decision to split PayPal off into a separate unit, which is expected to happen later in 2015.