carl icahn is very vocal in his desire to have ebay spin off its paypal unit.n an open letter to the shareholders of ebay that they need to do this, they need to vote for this. trish regan joins us. >> he came out with an open letter on his website. urging investors to not only alsofor his proposal, but to change up the board at ebay. there is an annual meeting this april. four board members are up to read he would like to see two of his people. how is it possible for the current board to engage in any meaningful discussions about long-term shareholder value while at least two board members are directly competing with ebay , one board member is directing that he bases hiring the most talented employees, another board member is funding , and at least two board members appeared to have put their own financial gain in ongoing conflict with their fiduciary responsibilities to stockholders, and the ceo seems to be completely asleep? some interesting choice of words there from carl icahn. he goes on to talk about mark andreessen. he purchased skype from ebay and then

icahn hasnvestor carl been pushing ebay to spin off its paypal unit.e said he said separately companies would boost value. this whole business about the divorce between business and , i think, is hurting us greatly. in the big picture, not , we have done a lot of work on ebay and believe without question it is a no-brainer that paypal should be spun off. >> he may have work to do convincing the ceo, john donahoe. this every year, how ebay and paypal can be most successful. the board and i continue to believe that the best way would be together. ebay makes paypal stronger by making it grow faster, provide more data, and provides a strong financial foundation that will make paypal more successful as part of ebay, rather than separate. the board has looked at these alternatives for the last five years. the criteria we use is what will allow us to compete more successfully in the market. will allow paypal to expand globally and to be successful? to date, we believe that is what the company can do together. people do not want to pay to shop. paypal is about

month, carl icahn proposed ebay spin off its paypal unit.listen to what he told us right here. reason theyno should be together at this point. it should be held by a separate management team and i think the and the would go up health of the company would be better. ebay ceos the eba -- think about this? class we look at it every year, how they will be most successful. we continue to believe the best ebay makesther, that paypal stronger by helping it grow faster, it provides more data, and if -- strong financial foundation that will really make paypal more successful as part of the they rather than separate. qwest there is no question they go together. i am a huge heap a user and paypal makes it more pleasant. company,ased on off they could still cooperate as closely as now. >> not integrated as tightly. mobile payments. is the most important platform shift that happened in the last decade. when mobile first started, no one would've downloaded the mobile paypal app . hundreds of people downloaded the ebay paypal app. the only way to pay was p

carl icahn once a company to spin off the paypal unit accusing board members of conflicts of interest. saying he is mudslinginggand we will hear it all, carl icahn will be here in just a couple of moments. david: rise next base of the higher profit margins that is completed the deal to buy vodafone stake in verizon wireless. david: at&t could save billions of dollars rebuilding its net worth with cheaper equipment. at&t will buy less from specialized companies such as cisco. liz: no kia has announced the first phones powered by google android software. the new phone that had to help them stay relevant in emerging markets. david: whatsapp adding a voice call service for their users. the news, days after they were bought the facebook for $19 billion. we have a very dizzy hour. stay right where you are, "after the bell" continues. liz: stocks on a roll with all major indices ending the day higher. let's break on the action with our panel. chief investment strategist who says investors should add international opportunities to their portfolio. hank smith, chief investment officer who thin

anyone who owns ebay, after the founder and chairman rejected carl icahn's call to separate its paypal unitts businesses are better off together, taxing the integrity of board members. and hitting new highs, it is now up around 1-1/4%. the largest individual shareholder with more than one hundred 8 million shares so he made $86 million today. he can afford a haircut. still making a lot of money, michael jordan, the basketball legend made an astounding $90 million last year of all things to his ongoing partnership with nike. retail sales just keep growing up double-digit some. to nearly $3 billion. then you have to factor in sales of his apparel as well. the man himself gets a cut of every single item sold. very nice. about to lose money on the big treasure trove they found. and gold coins in the backyard, remember that story, turned out the tax man is asking for half of the hall. can you believe it? even if they don't sell any of the bears a tax rule that treasure found on your property is taxedable at fair market value within the first year of its discovery. and assam got his hand out, big

called lapses in corporate governance and calls for the company to spin off the successful paypal electronic unit but ebay was quick to respond to icahn who ow owns about % of the shares. ebay said it's not interested in separating it. >>> with one of every five people in the world owning a smart phone, tech companies are looking to update products with the latest accessories and services to boost sales and this week all the big smart phone makers, social media giants and softwa software firms are doing that at a tech conference in spain. jon fortt is in barcelona. >> reporter: this week in barcelona, many top executives in wireless and tech from around the world are gathering to try to figure out what is next. the smart phone revolution gets well underway, which means for opportunities for proof knit probably won't be in hardware so much in services. that's going to be a key theme here at the mobile world congress. facebook ceo mark zuckerberg is here and ibm ceo and cisco ceo john chambers and more. it's a chance to layout the vision for getting more people in emerging markets online. >> all th

foundattacked ebay major conflict of interest because he invests in companies that compete with ebay's paypal unit. he accusesonse -- himself from discussions involving companies he backs. dan loeb is now willing to work with the current management at 70's, one of the companies he is focusing on. which is a bit -- bit of a switch because he has been trying to replace the ceo. he says he will work with the current emmitt smith if they put three -- with current management if they put three of his nominees out there. by his own rule. sotheby's is basically a bunch of rich guy in the hamptonse th. >> guys like dan loeb, how curious a hedge fund guy -- >> on wednesday -- >> i would like to. [laughter] very tane looking today. >> we will explain why later on. >> we have the spray pan person -- spray tan person. >> and janet yellen moving the market. remember it was delayed by two weeks because washington had a snow day. what she that is listen -- said is central bank may change the strategy of the taper if the economy gets weaker. market reaction, the s&p 500 ended up setting the record. the great headl

it has been a lot of buzz around carl icahn, pushing the company to spin off its paypal unit.criticize ebay for lapses in corporate governance. what kinds of actions are you seeing on the back of that news? >> not a whole lot today. yesterday, we saw the push-up. that pushed four percent over the last 62 weeks, which is dismal. it has been trading in a range and yesterday it got pushed up to 56. foraw out of the money, but thousand of those and that pushed them to be at the money. they bought it for about $.50. to break even for 57 with the expiration friday, today, we're seeing a smattering of options. it looks like people are looking for upside action as the activism continues. go toit has less than 1.2 get to 57. alan banks also in the limelight today after j.p. morgan announced it is planning on cutting 8000 jobs. you have got it options track -- strategy. morgan stanley has been trailing this sector over the past five years. how will you play the morgan stanley options? class it is another stock substitution strategy. it is only a 30% compared to the -- the financial sect

he still wants ebay to split off its paypal payment unit, making his case to the company and shareholders latest, ebay chairman is sending another letter in this chain of letters saying that carl icahn's statements are false and misleading. sotheby's, pepsico, ebay, will all continue to be a focus for investors. now, we send it off to tyler, off in southern california. back over to you, tyler. >> dominic, thank you. here at l.a. live outside the nokia theater where some 3,000 ceos worldwide representing 100 countries have gathered for the young presidents' organization's annual meeting here. it's really a conclave of people who are on the front lines of the economy. this group represents some 15 million employees globally. some 6 trillion in annual revenues. they're very interested in what janet yellen has been talking about. in fact, in a recent survey of their optimism, they cited the fact that the u.s. central banks and central banks in europe and elsewhere around the globe are being relatively easy and keeping interest rates low. that's why they're optimism now stands at a two-year hi

. ♪ >> last month carl icahn proposed ebay split off the online payment unit, paypal.is what he had to say. >> there is no reason to be together at this point in our i think they should be handled by a management team that is separate. i think the multiple will go up to radically. the ebay ceo, john donahoe, here to answer the questions. leisure to have you in studio. is's talk about what carl proposing. almost half of the business comes from paypal. >> we look at this every year. ebay and paypal can be most successful and we continue to believe the best way is together. ebay makes paypal stronger and makes paypal stronger by helping it grow faster. it provides more data and a strong financial provider. there is no question ebay and paypal goto question. i am a huge ebay user and paypal makes the whole process easier and more pleasant. not company, they could still cooperate just as closely as they do now. >> not integrated as closely as they are now. mobile payments. mobile is the most important platform shift arguably in the past decade. when mobile for started, no o

paypal. to have an idea of how important these prescription-focuses in united states, in 2011 there were 230million prescriptions for either hydrocodone or oxycontin own. 200 -- 230 it -- million prescriptions. how many americans do we have? countryally have such a in such a level of pain that we require this description medication? address the cultural aspects we have as a society that may be promoting the use of substances as a way to resolve issues that make us feel uncomfortable, such as pain or inattention. >> we are in a society that is obsessed with taking pills and i say that as a physician. it is interesting that we have 5% of the world's population and yet we use about 75% of the prescription medicines. those can be lifesaving and they certainly are in many cases, or they can cut lives short. -- it is interesting when you talk about stimulants. it can be very effective who kids who need them. one in eight use them without a prescription and in some cases, you even have parents begging the doctor to get their kids on these medicines and that is another cultural problem because they

paypal. to have an idea of how important these prescription-focuses in united states, in 2011 there were 230 million prescriptions for either hydrocodone or oxycontin own. think about it -- 230 million prescriptions. how many americans do we have? do we really have such a country in such a level of pain that we require this description medication? we need to address the cultural aspects we have as a society that may be promoting the use of substances as a way to resolve issues that make us feel uncomfortable, such as pain or inattention. >> we are in a society that is obsessed with taking pills and i say that as a physician. it is interesting that we have 5% of the world's population and yet we use about 75% of the prescription medicines. those can be lifesaving and they certainly are in many cases, or they can cut lives short. it is interesting when you talk about stimulants. it can be very effective who kids who need them. one in eight use them without a prescription and in some cases, you even have parents begging the doctor to get their kids on these medicines and that is another cultura