icahn: charlie, i agree with you. half these guys world-class boards, i go on them, i get invited back. i am not a distraction, i don't go and fight with them. look at what we did, if you were a shareholder, we are up 200% in three years. how about chesapeake? we do it quietly. how about motorola? call the ceos. they say you did a great job, thank you for being on the board. charlie: what is the endgame with ebay? icahn: i do think talking to these funds about this board, i really think they get it, a lot of the big funds are going to go with us, and i think we're going to get onto the board and once we get on the board, we are good board members. they will say you know what, he doesn't like icahn. so what. charlie: will you push them out? icahn: i am not looking to push anybody out. i go on these boards and you try to convince some of these guys. a lot of board members believe it or not do care. why should they be the bad guy? i don't mind saying what i believe, but it is different because nobody will ever say, we do

right. >> carl icahn, chairman of icahn enterprises. [ telephone rings ] [ shirley ] edward jones. [e announcer ] with nearly 7 million investors... oh hey, neill, how are you? [ male announcer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing. at a company that's bringing media and technology together. next is every second of nbcuniversal's coverage 0f the 2014 olympic winter games. it's connecting over one million low-income americans to broadband internet at home. it's a place named one america's most veteran friendly employers. next is information and entertainment in ways you never thought possible. welcome to what's next. comcastnbcuniversal. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. ameriprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, tha

who would you bet on, icahn or buffett? berkshire hathaway is performing better than icahn industries. that doesn't mean necessarily you shouldn't follow uncle carl, according to scotty markets. charles payne behind buffett. then we have fox contributor scott martin. i love look of it. [whistle blowing] don't laugh. this is very serious. make your case, charles. >> warren buffett speaks to the audience watching the show. he talks about investing, investing for the long term, finding great companies, typically great american companies, riding them through the ups and downs to the obvious finish line. he is not bullying companies. not going in for a quick fix. not trying anything. listen, i don't knock anyone's hustle. i think if you're -- melissa: scott, you better get in there. points are racking up. way behind. hurry, hurry. >> i will knock the hustle and hustle into this. i do like the bullying. guess what, in the booed room? at ceo level these guys need to be bullied because they take advantage of shareholders. that is w

how do you deal with a carl icahn.e wants, he wants all the executives heads at this point, but now about the paypal thing and everything else. so how do you deal with him? >> ebay's got a little tougher job than they did two weeks ago, because the momentum seems to be shifting more in carl icahn's favor, especially in the last two weeks. he's hit a nerve with the idea of a spin-off. elon musk, in the early days of paypal come out in favor of a split. i personally like ebay and paypal united, and it's a big part of their success. where icahn has a hook is in the idea of corporate spin-offs, they've become much more important in the last three years, there's a satisfied that show that spunoff companies outperform the s&p by something like 1/3 in the first year they're traded so he has a good hook against ebay. neil: what do you think? >> it depends on the dynamics. i remember about 20 years ago when lou gerstner came into ibm. the talk was it spin off ibm into a lot of different companies, but it turned out for ibm's be

carl icahn gets more seats, bill ackman about to break even. vice grip, the man who is building a $1 billion empire out of vice media. in pop, a fender bender to find out how the classic guitars are made by hand right here in america. let's kick it off with what everyone is talking about today. the search for malaysian air flight 370. it has been just over two weeks since the plane disappeared after taking off from kuala lumpur. multiple countries have searched the waters of the southeast by boat, plane, and by satellite. investigators have analyzed mountains of data. at most, there has been only speculation as to what happened. today, we heard from the malaysian prime minister on the latest analysis of data from a british satellite provider. here it is, in the raw. >> based on the new analysis, we have concluded that mh370 flew along the southern corridor and that its last position was in the middle of the indian ocean, west of perth. this is a remote location. far from any possible landing place. it is therefore with deep sadness and regret t

keeping in mind that a lot of these companies like going back to icahn, icahn's point was they should go out and borrow money at historically low interest rates and float it at that. so i think that a lot of boards are looking at things saying if i can -- >> larry takes direct aim at that as well. he says, this is quoting right from larry fink's letter today. too many companies have cut capital expenditure and increased debt, to your point, to boost dividends. we certainly believe that returning cash to shareholders should be part of a balanced capital strategy, however, when done for the wrong reasons and at the expense of capital investment it can jeopardize the company's ability to have that long term. he's taking a lot at activist investors here. >> what he'sal you looding to is when you go in there you're just in there and act vis is in there to make a quick buck and forcing the board to do something. a lot of board, scott, if they see an opportunity to borrow money at low rates and do something with it, buy back stock, in apple's case, stock down $150 off the high, moves like th

three of carl icahn's selections toe been nominated herbalife's board. now the stock is at an eight-month low, and ackman is close to breaking evening -- breaking even. summit -- the nuclear security summit is set to start in the hague in two hours. seven countries pressing sanctions against russia over the annexation of crimea. is there.ls as far as the nuclear summit goes, what are we expecting to hear? >> the nuclear summit is the reason everyone is gathered here. the russians did not come to it. and the g7 summit has been tacked onto the sidelines. president obama called that late last week. it is really the g7 summit where the focus of conversation will be, and president obama will be in listening mode. he will be testing, probing to see how far he can press his counterparts to put on additional sanctions on russia over ukraine. earlier we heard from the president near the scene, and there is an emphasis on being united. the question is, can you remain united and ratchet up pressure that will dominate in the next 24 hours? >> why wouldn't they remai

carl icahn's company is the biggest shareholder in herbalife.another interesting point is that bill ackman's investment, his short position, is close to breaking even. >> i did not know this. >> a bloomberg exclusive. >> rendon greely -- brendan greeley, this story have a life of its own. >> i don't understand the obsession. it is just a ponzi scheme. >> not going to carl icahn. >> what did i just do? >> an exclusive from brendan greeley. back on herbalife as well. never ending story. >> let's get to the rest of our company news. one of jpmorgan's top bankers in asia leaving the firm. he will resign as ceo but -- of investment banking as jpmorgan is investigated by the u.s. for its hiring practices in asia, looking at whether the firm employed people in the region to win government business. nokia and microsoft deal delay. nokia said the sale of its mobile phone division ii microsoft will not close until april. the companies predict that the $7.5 billion deal would be completed by the end of this month but talks with regulators in asia have drag

being an activist has really paid off for carl icahn. his company, icahn enterprises made a one billion dollar profit in 20-13, up 144% from last year. icahn tells shareholders it's because of its activist investment strategies. he says this eliminates "mediocre ceos and wasteful bureaucracy." icahn has made his mark on companies including apple, herbalife, and forest labs. shares of icahn enterprises closed out the day up 1%. citigroup's cfo is calling the banks alleged accounting fraud in mexico-- an "isolated incident". the comment was made monday at an investor conference. citigroup admited last week, the incident happened at its mexican subsidiary "banamex". bank officials say they took immediate action and are cooperating the investigation. citi has received a subpeona from the fdic. a subpeona has also been issued to p-n-c financial services group. the wall street journal reports that the justice department is seeking information about the bank's relationship with a payment process service. regulators say customers complain that t

>> i don't like carl icahn in general. this guy is a pie rate and mercenary by any other name means the same. i love how the media portrayed this guy as uncle carl. >> i made that up. i made that up. melissa: media. we're always to blame. >> make it like brand x at cnbc. melissa: i'm not familiar with that company. go ahead, lee. >> here is what i think investors have to remember. whatever carl icahn is doing the same thing he did as corporate raider before he became shareholder activist. he is going in there to push around ceos to do things for short-term profit. that doesn't help investors long term. also media gives perception whatever uncle carl is doing we should doing that with our retirement funds. >> i wish you would stop saying media. melissa: go ahead, charlie. >> i want credit for that. i should have trademarked that. i should have trademarked comrade bill de blasio. what is good about this, i came up with that one too. what i think is fascinating about carl icahn on this, he does do a public service. he tells u

icahn owns just over 2% of ebay.lier this week, smead capital, which owns less than 1% spoke out in support of management's view that paypal should stay in the fold. those shares are flat to the downside. it's going be a very, very busy shareholder season this year with these activists investors making so much noise. the interesting thing about ebay, guys, is that it used to be that pay pal was fast growing, ebay was slower. now ebay is actually in pretty good shape and paypal some analysts say needs a little more work. >> okay. bertha, thank you so much, bertha couples joining us live from cnbc headquarters. >>> a reminder where the futures are trading as we head to break after yesterday's sell-off, we are called a little bit higher. we'll be back in just a moment. . [ children yelling ] [ telephone rings ] [ shirley ] edward jones. this is shirley speaking. how may i help you? oh hey, neill, how are you? how was the trip? [ male announcer ] with nearly 7 million investors... [ shirley ] he's right here. hold on one

icahn doesn't take rejection well.ll bring you his response in a couple of minutes. >>> jim cramer on the case when it comes to energy revolution. tonight jim will have a special show from the gulf, a region symbolic of how the domestic energy boom has brought u.s. manufacturing back to life and a powerful force in getting america back to work. set it up, jim. what can we expect today? >> well, for us, what we're trying to do is get a handle on how many jobs are being created, how this is part of the energy revolution. most of the revolution we hear about is onshore. we're offshore. we are on top of an old exxon field that was bought by energy 21 using new horizontal technology, to be able to bring this field back to life, carl. kelly, all very exciting. it's at the heart of what is happening in the manufacturing revolution in this country. really exciting. i renaissance. >> jim, i thought i read about how the oil rig count is at a high here in the u.s. lately. amid all of the tensions that we've seen with russia, the

well, i think carl icahn was very late to the party on this. because the issue of the pile of cash was under discussion two years ago when the company first set out its plans. since then the pile of cash has gotten bigger, and that's a problem that you want to have. you remember last year another hedge fund took a pill to apple on the same issue. he didn't make much of a move forward from it. and apple has done the right thing. it's kept to its plans, communicated what it's doing, committed to $100 billion to be returned to shareholders. and it's going to review those numbers in march and april. and we're satisfied that that's a sensible course of action. we don't want rash decisions made in the heat of a dispute with a short-term activist. that's not sensible. >> all right. we're going to have to leave it there. thank you so much, ann simpson with calpers. >>> and coming up on the program, the hollywood business model is changing from the way films are financed to where they're produced. but as tinseltown gets ready to host the oscars can the

herit is also what the company close to icahn. you can listen to us and get the real answers, that is all i'm going to say about this herbalife back and forth. here's what we know he is telling people, he is unhappy with the management, herbalife management response to the threat. the things they have not been aggressive enough, they allowed him to get the upper hand, hence those members will be playing some role in a p.r. defense of herbalife against his claims, which now those claims have made it to the ftc launching an investigation. we should also say carl likes the way management is running the company. he just does not think that they were strong enough and aggressive enough, they will be more aggressive apparently that is what this is all intended. three new board members will be more aggressive and attacking his claims. we should also point out carl icahn according to these same sources will still push for a more robust buyback buying back shares. we should also point out he thinks shares in the long-term are going to be o

carl icahn embolden, what is the stock in? nicole: carl icahn again making his point.ried to counter those points and give his own view. ev down 1.4%. you have carl icahn, who now says he discovered indisputable evidence they did to his handling of ebay 2009 skype the deal. they sold it off and he thinks it should have been held onto and cleared up earlier. they sold it off for $2.25 billion. he then turned it around, got rid of some issues with litigation, able to sell it off to microsoft, $4 billion. up to $8.5 billion. when carl icahn is saying is listen, john donohoe, you ripped off ebay shareholders. so what you are seeing is carl icahn is not happy with john donohoe and his performance, not happy with certain board membe members, you know he has been very loud about spinning off paypal, which brings in 20% of revenue. in the meantime ebay, many shareholders have been fighting back saying carl icahn is not on point. all the gentleme gentleman mente great for ebay. this is a soap opera battle and you have a lot of shareholders frustrated with all of this back and f

melissa: do you go easy on carl icahn? to be fair you have a close relationship with him. he is always -- >> think about he what he says and look what i've writen. i've called him a grain mailer which he has been very, very, he gets really upset by that. melissa: don't move. i have a panel standing by i want to bring in. fbn liz macdonald and penn financial group matt mccaul. one and only charles payne. would you like to weigh in on this twitter battle? >> i would. i agree with charlie. what charlie is essentially saying the tech guys are not reporting what carl icahn is saying about the ebay mess, the ebay saga. and that is, this guy, dan primac at fortune, he should be getting a job as very opinionated bartender to my mind. i read list coverage on this. >> he is not that bad. he is not a bad kid. >> but i read his reporting on it. what he is is saying in the twitter fight with charlie is, what should ebay have done? charlie writes, ask carl icahn and dan writes back he doesn't have an answer for that, not that i've seen. >> okay. >> carl icahn is saying unlock value of p

the tactics of carl icahn are ridiculous. you could rebrand the company. help clarify the employees of their priorities. >> they have done that at some of the buildings already. >> they have completely dropped the ebay name and that would help a lot to start stop you could do that tomorrow. then conduct the analysis of what are the economics and return on capital and how does it help with recruiting? >> what do you think of the tactics so far? ebay is fighting back and it has gotten nasty. >> i think the tactics are ridiculous but i also wonder why ebay is spending so much time and effort responding. it's like the shakespeare line -- "the lady doth protest too much." well.as performed john has grown the company well. the market reflects that. it would be difficult for him to get any real traction, so i would put it off on the side. that an is the argument ebay free and alone out of the world could be gobbled up by google or paypal could damage ebay. that is sonse to what? if that's what the world wants, the shareholders are driving this thing. if they can

>> carl icahn has gotten very personal, and ebay is fighting back.gotten nasty, and quite different from carl icahn previous spars with apple and netflix. >> i think the tactics are ridiculous. i wonder why they are spending so much time and effort responding. methinks the lady. retouched too much -- to test too much -- pr otest too much. it would be very difficult for them to get any real traction for so i would just edit off on the side rather than continuing to spar. >> there is the argument that ebay, free and alone out in the world might become -- taken over by a competitor that could do damage to even. -- ebay. that is sonse to what? if the world wants it, the shareholders are driving this thing. if in fact they can create more value short shareholders by splitting it and potentially someone looking at one part of it and saying i'm going to acquire that. so be it. that happens all the time. course.re take its >> society is the former shareholder value is important. is what analysis is for. or try to get a good handle on where these p/e ratios w

he is weighing in on carl icahn's proposal. symantec has fired its president and ceo after two years on the job. the world's biggest maker of security software has posted declining revenue. stocks are down this year. board member michael brown will be an interim director. a former microsoft employee has been charged with revealing trade secrets from the company, including code. according to federal officials, the russian national admitted that he provided the information to a french blogger. google has enhanced gmail security features. 100% of gmail messages will now be sent via an encryption. no one can read your messages. documents leaked by edward snowden allege that the nsa was intercepting google transmissions. >> cory johnson is with me now. air b&b is set to raise $450 million. >> those are amazing numbers. raising $450 million is an incredible thing. the notion that they would have a company valued at $10 billion before the ipo is unheard of. >> air b&b is always on the list of tech ipos. instead they are raising money.

carl icahn. >>> welcome back.can see, behind us on the wall, plenty of red on the street today. in fact, nasdaq's getting hit worst of all here. so it's a nasty backdrop we have to do final trades in. let's do that now. >> i don't want to turn around and look. don't tell me. there you go. thank you. power shares, db agriculture, these are commodities themselves, packaged in etf, up 15% year-to-date. new bull market. >> i like csx. the stock hit because of weather, numbers coming down. bad news is out, i expect a pop in the spring. >> pete. >> love the financials, specifically today the way jpmorgan's trading throughout a negative session. i think plenty of upside in the big name. >> the nasdaq sit agent 4200, a dangerous day on the street. what do you look for for the rest of the trading day, before "power lunch" picks up the ball. >> talking on the break, now the dow has succumbed and you're seeing nontechs join the sell-off, not something apparent this morning. the way things close broadly, not just within techs

in fact, carl icahn is going after e-bay right now. e-bay's had a 465% return to shareholders in the last five years, tyler. and he's attacking some of america's best companies. yes, corporations need to make sound capital decisions. they need to decide how much for growth, how much for acquisitions, how much are they going to return to shareholders and dividends. these are capital structure questions. i think they're sound we got too far that way in 2008 and that led to the financial crisis. banks didn't have enough capital to keep them going. so i think the carl icahns of the world are just looking for a short-term hit. he's not concerned about the long term growth of e-bay. i'll tell you with the moves that google and facebook are making, unless e-bay continues under john donahoe, continues to invest and build their platform with pay pal and other aspects, they're not going to be as competitive in the global market. that's what we in america need. great global companies going after the global markets, like pepsico is doing, like coc

herbalife is agreeing to nominate three of carl icahn's suggestions to its board.erbalife shares are going back a little bit, after the federal trade commission said it was looking into the cubbies business practices. >> the saga continues. we will be checking in with you shortly. as the senate looks to whether or not to raise the federal minimum wage to $10.10 an hour, we are focusing on the issue that is truly plaguing our country. the issue of income and equality. president obama has pushed for the minimum wage increase as a way to lift millions of americans out of poverty. there is no doubt that the gap between the rich and the poor is growing. --fact, >> we live in an economy where there are two americas. live one people who with the venison of people who live in a quite another way. that it is not just income inequality has increased over the last generation. if you look at the improvement in the life expectancy, they've come almost entirely among those in the upper half of the income enters tradition -- distribution. if you look at educational achievement, t

lex which is what carl icahn does really well. thing ebay can do to get carl icahn off its back?they battles incumbents have great advantages. it is certainly an uphill battle. he can saber rattle with the best of them, but getting the ultimate results from the board, we will see if it goes that far. clearly, the changing environment for a payment company shows how successful paypal might someday be. lived a lot of groundwork like no one else, but as the trite tv is an goes, we shall see. >> we shall see. the stock up one percent. that was a great insight. investors are easing their concern, but not when it comes to radioshack. this electronic store catch a break? ♪ >> jcpenney, toys "r" us, best buy and sears are all seeing their bond rally the most in a year, the sign that that isestors -- but radioshack an entirely different story. badwe kept hearing was how the weather of that retailers and margins were bad -- what is going on? >> that was definitely the vibe on wall street. the data was not looking great and everyone was ready for a catalyst for these retailers. it was like

melissa: help icahn, lobe, oh my. everyone suck at that about how 2014 is year of activist investor. does that mean next year is the year of the assault? should investors prepare for a backlash? back for our own "money talker," charlie gasparino. we have fobs newt contributor jonas max farris. this is my first thought, ackman gets sec to go after herbalife. i'm thinking when you cut loose that dog, be careful because it may turn around and bite you back. what do you think. >> yes. i agree with you 100%. we reported on fox business network two days best story came out on "the times." "the times" put it together very well, all the political pressure is he putting on various entities to launch an investigation. it paid off. the ftc done the one thing that no one involved in herbalife wanted them to do, investigate the company as a pyramid scheme. even before that we were hearing rumblings that the sec, securities & exchange commission might actually look into some of their tactics. you know -- melissa: herbalife or ackma

stepping up against carl icahn. with carl icahn's former foes. how does this impact the fate of paypal? i want to bring in bill george, a professor at harvard business school. he joins us from minneapolis. it sounds like you are sort of bringing together a carl icahn support group. is very tenacious. i think he is barking up the wrong alley. ebay is one of the great performers on the stock exchange, up 465%. it has a great strategy thanks to john donahoe restructuring. i think carl icahn is going the wrong way. i wish he would go back to revitalizing more companies that need help. >> why do you say carl is going the wrong way? >> well, ebay has proven that paypal and their marketplace work well together, give them a great platform. if i were on that board, i would be saying the opposite. look at the way google and facebook are moving here and what can we do to broaden our platform to be more successful? we do not want to be like nokia or blackberry within narrow platform. we need to make it more mobile and make it a

let's start off with carl icahn. >> the book actually opens with carl icahn, because he and dan loeba duel over to penthouses that they both wanted to combine and -- both wanted to buy and combine into this largest and house in the building. only carl icahn wanted to bargain. and dan loeb write a check. when carl icahn found out that dan loeb had beaten him, he let loose with one of the ethically -- with an epic tirade on one of the developers, cussing as if he was in vietnam in 1968. >> let's move on. denzel washington, a hollywood actor. >> he is one of the poor people in the building. his apartment only cost $13 million. and he only -- and he got a discount, because with a nod and wink, he allow the developers to say that he bought an apartment in the building, which was one of the big turning point. new york is always about co-op apartments. co-ops or clubs that don't just let anybody in. and when you come down to who is the worst, people of color and actors. they announced to the world this building is different by announcing denzel washington had brought an apartment. >> and it

how wrong is carl icahn?k he is wrong there are tremendous synergies between ebay and paypal. so much of paypal's business is on ebay. in 1999 when we started, it was essentially a person-to-person payment system, but it was not. 95% being able to buy things on ebay. >> that is fine, but as mr. carl icahn writes -- do they have to be more responsible and start deploying more cash to shareholders? >> yes, i think that makes a lot of sense. but you do not do that by breaking up the company's. they have too many things that are linked. >> there has been a big technology push over at paypal. they were very active last year, adding 58 products. rethinking mobile payments, simple fine transactions for small businesses. isn't this a sign that ebay is allowing paypal to grow organically and that's it is a good fit? >> yes. and they need to do this. the move from desktop to mobile is a revolution that is sweeping the entire tech industry. they have been slow to jump on that. but i think they are doing that now. >> we

short, carl icahn long.is adding three of his nominees to the board under an agreement that this will give him five of 13. it wield much influence. >> context is key. they began an investigation into the business practices. he has been pushing for any kind of investigation. he is raising the stakes one more time. they appear to have found the magic formula how to attract the young male viewers advertisers love. we will have that story. >> lions gate is hounding on nextrgent" to be the "hunger games." ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. >> i am in for stephanie this week. welcome back. >> thank you. folks, get the flu shot. >> he learned the hard way. are a businessman and the city offers to build you a state-of-the-art factory to lemonade all of your taxes and pay for the upkeep and maintenance of your building. sound good to be true? not if your business is in major league baseball. that is what they are doing first bring traini

icahn or mr.t could really influence the performance of the stock. >> sue, i just want to say one thing here to highlight the volume discussion again that we have been having. the average trading volume over the last three months in herbalife shares business 3.5 million. we are right now upon the reopen trading up to about 3.9 million shares right now. so we are already ahead or on pace now for breaking the average trading day volume for the last three months. >> one thing that's really fascinating to watch here, as we watch the very definition of volatility in action in realtime, as you watch that little red dot mark the price, now $58, back down to $56, as low as in the $55s, it really tells you how the market moves instantly in reaction to news. as scott wapner has left us. he has been most plugged in of probably any reporter in the country on this story with mr. ackman and mr. icahn. he is working the phones now and he will be back, i'm sure, with additional information. i would say he bets mr

. >> carl icahn is your friend? >> we have that going.ard marks to spend more time on the behavioral side of investing. richard chilton talked about deconstructing business models. it was a great day for the firm and investors. >> great to have you here. the optimism of jason trennert. bill miller was optimistic as well. he will join us in the next hour. the forex report -- euro is 1.39. weaker yen.and does not do much as ukraine leaves crimea. >> bill miller will join us in the next hour. ♪ >> australia leads the search for large pieces of debris in the deep southern indian ocean. the first planes come back without any citing. may containreserve market reaction. the new rules for janet yellin is discretion will be used in raising rates. there is growth in value investing. bill miller joins us this entire hour. good morning, everyone. live from our world headquarters in new york. i'm tom keene. joining me, scarlet fu and olivia sterns. william miller joining us. a lot today on, should you be in the market echo let's get your morning brief

we were just talking about carl icahn.treet journal" is reporting that some of the biggest names on the street share information and only handful of investors know about that the coauthor of that story joins news a moment. sandra: are college football players employees or are they students? should they be unionized? a landmark legal ruling could send the wind of change through college sports. we talk to an nfl agent who has the inside track. david: join us in that conversation. do you think the ncaa be allowed to unionize? are the players students or employees? send us a mayesage on facebook.com/afterthebell. ♪ gunderman group is a go. yes! not just a start up. an upstart. gotta get going. gotta be good. good? good. growth is the goal. how do we do that? i talked to ups. they'll help us out. new technology. smart advice. we focus on the business and they take care of the logistics. ups? good going. we get good. that's great. great. great. great. great. great. great. great. great. (all) great! i love logistics. david: north

there's the jockey, icahn, the horse. really that familiar with the horse but the jockey has done a great job. he's not going to be riding in every race that he runs was he is in most of them. i'm tempted to go with him. by the way, what he really pointed out is that skype, gave it away. so that's the management a he's going after and i agree with that, also. >> at the time, there were those who said what they got for it was pretty good. in hindsight is 20/20 because of what the transaction later went for was much, much larger than the original one. >> absolutely right. but icahn's view is you're supposed to know value. if you held on for a year, then -- i was one of those. this is a piece of garbage. you held on for a year, three or four times more money. >> you look at icahn and he made great points. monday morning quarterback, easier to look back on it. but the argument he makes is tough. >> my question though, i hear nobody on the desk today saying that ebay is a stock that you would buy right here right now. >> i thi

andreessen fires back at icahn and said carl icahn 2014 would take a dim view of the business ethicshn 2005 given various things that he did on the board of xo and weighs that he went about making decisions. >> yeah. >> he sold it to himself. >> and selling things to himself. >> i thought that was a really interesting point. it was a different era. xo that was all insider. do you know what, this is the kind of thing where andreessen is reacting to what happened on "squawk box" the other day where icahn called in and said this is the most egregious! it didn't take long for them to find something equally as egregious. >> and silicon valley is ral rallying around ebay, reed hoffman defended why paypal belongs with ebay and defending the company and john donahoe. andreessen now finally firing back on his own sake. remember, he's on the board of facebook, hp, and ebay. this larger question of whether there are conflicts inherent to a venture capitalist being on public boards, many would say our expertise is unique in a lot of ways and our technology understanding and put up with the confl

pulled aay carl icahn good one out of his hat.hisher members have said might be a bad idea. >> when you take a lot of big companies, you can get more short-term values for splitting things up. it is plausible that paypal and ebay armor for -- worth more separately in the short-term. it is probably worth more in the long term together combined. i think the devil is in the details, this 20% partial split. will they still be able to execute the long-term integrated product? side of theyn the are better together. deal, ii look at this understand why ebay wants paypal. i don't understand why paypal would want ebay. >> a decade ago, it was clear. it's a little different now but there is still a tremendous -- ebay is a manufacturing factory of small american businesses, in a way. this is where they grow and figure out the logistic details and they solve their payment problem. every truism about how ebay has been completely dominated the i paypal, there are still new sellers coming in and they are not basing 100% of their business on ebay

it follows the statements from icahn yesterday on "squawk box."d that ebay has a company paypal that would do a lot better without ebay. and i said that with reynolds in no business co. it took me three years but we made billions on it when we split it. we saved motorola by splitting it up. i don't think he should be the guy running or having to do with paypal. >> kara swisher is at re/code. our jon fortt joins us this morning as well. we should note that nbc news group is a minority shareholder in re/code and we have a content sharing partnership. it feels like they are trying to circle the wagons around ebay. what effect has carl's opinion had? >> they have decided to go after him like a shark in jets and reid is on the sharks, obviously. >> right. >> but you know, i think we will see a lot more than that. list people involved with p paypap. so i think they will probably be going quite a bit of that. it's typical for silicon valley to stick together against icahn. they've done it before. >> there's the split question and the conflicted question.

>> i don't like carl icahn in general.and mercenary by any other name means the same. i

>> icahn, start with carl. carl now will be, will push management to be more aggressive to, addressing his concerns, what ackman has raised, that this is a illegal ponzi scheme and raised it enough where he has got, the ftc looking at it. melissa: right. >> possibly state ags looking at it. i think you see much more concerted, tougher defense strategy out of herbalife right now which is basically laying back. listen, they put out statements. melissa: it is hard to mount a defense. when you look at it, they do make money by virtue of setting up new dealers. new dealers are forced to buy product -- >> and customers. melissa: not reusing it. then they don't sell it. >> i never drank a herbalife shake. melissa: no. >> i don't have a here's in this race. this company has been looked at 30 years. melissa: i know people gone inside looked at books feel like it is a ponzi scheme. >> this move makes it harder to think of this as a criminal enterprise because icahn has had two of his associates on the board and there for