Currently viewing the tag: "spin-off’"

On September 30th, eBay announced that it will adopt a new business strategy—break up the company by spinning off PayPal.  This comes six months after one of eBay’s investors, Carl Icahn, first suggested this strategic move.  After the breakup is complete, PayPal will be a separate publicly traded company, free to [...]

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“The point is, ladies and gentlemen, that greed, for lack of a better word, is good.” With this phrase — taken from a monologue rivaled only by Alec Baldwin in Glengarry Glen Ross — Michael Douglas immortalized his character from the 1987 film “Wall Street,” a soulless investment banker named Gordon Gekko. And, [...]

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