Best Of FORBES: Carl Icahn Attacks Ebay, Sochi Olympics Wrapup

Feb 24 2014, 3:57pm CST | by

On March 26-28 Forbes will host its first Reinventing America Summit in Chicago, Illinois (click for attendance details), a congress of more than 300 innovators, business leaders, growth-focused policy makers and academics who are helping usher in the next industrial revolution.

“Before billionaire H. Ty Warner got off with probation and community service for evading taxes on $25 million of income from secret Swiss bank accounts, lawyers for the 69-year-old Beanie Babies creator made much of the fact that he had tried to “rectify his mistake” by applying to the Internal Revenue Service’s voluntary disclosure/criminal amnesty program in September 2009 and had been rejected. What hasn’t been previously reported, however, is that Warner later fought handing over records of his foreign bank accounts to a grand jury in a battle that went all the way up to the U.S. Supreme Court” — Janet Novack. Read Beanie Babies Billionaire Ty Warner Secretly Fought Giving Bank Records To Grand Jury

Carl Icahn has fired another shot in his battle to force eBay to spin off its fast growing PayPal division. In an open letter to shareholders, Icahn accuses eBay’s board, namely VC Marc Andreessen and billionaire Scott Cook, of placing their interests ahead of shareholders, and competing directly against eBay” — Steven Bertoni. Read Carl Icahn Attacks Ebay, Marc Andreessen And Scott Cook In Shareholder Letter

“If Mark Zuckerberg was willing to pay $19 billion for WhatsApp — valuing it at around a tenth the size of Facebook itself — he must have a pretty good plan for recouping the cost of all that capital in fairly short order, right? Nope” — Jeff Bercovici. Read Mark Zuckerberg: WhatsApp Was Worth Even More, Doesn’t Need To Make Money

“Vladimir Putin’s $51 billion, two-and-a-half week party is over. The Sochi games are history, and in the scheme of things, pretty much a disappointment. Breakout stars were few. Attention focused on the eye woes of NBC’s Bob Costas as much as it did on any of the athletes” — Tom Van Riper. Read Sochi Wrapup: Breakout Marketing Stars Few And Far Between

“Dale Earnhardt Jr. won the Daytona 500 Sunday night after the Great American Race was delayed for six hours and 22 minutes because of rain. It marked Earnhardt’s second Daytona 500 win and comes after three runner-up finishes in the last four years. Earnhardt was one of the betting favorites going into Sunday’s race and he delivered a win that could jumpstart Nascar, which has dealt with sagging TV ratings and attendance in recent years” — Kurt Badenhausen. Read Dale Earnhardt’s Daytona 500 Win Lifts All Of Nascar

FORBES news:

“Every business has its highs and lows. In digital publishing, the swings can be violent. One minute, your site is humming. Seconds later, it’s spiraling to scary places. One minute, the flow of news is routine. Suddenly, it’s anything but that. On Feb. 14, the Syrian Electronic Army did its damage, as it’s done to many others. Seven days later, out of nowhere, came a journalistic coup — our exclusive rags-to-riches tale of Jan Koum” — Lewis DVorkin. Read Inside Forbes: A Tale of Two Very Different Coups — And What’s Next in This Revolution

Source: Forbes Business

 
 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Hawkeye Technology Improves Time Clock Reporting and Payroll Integration in TimeClick LE 12
Logan, UT, April 18, 2014 --(PR.com)-- Hawkeye Technology, creator of TimeClick, a leading employee time clock software, announces the release of TimeClick version LE 12. This new version offers powerful new reporting...
 
 
Airbnb Cofounders Are Billionaires As Share Economy Leader Closes $450 Million Round At $10 Billion Valuation
It took a month, but Airbnb’s founders are confirmed as the share economy’s first billionaires, at least on paper. That’s because the home-sharing site has closed its new fundraising round, raising $450 million at a $10...
 
 
`Taxpayers Rely On IRS Guidance At Their Own Peril,' Tax Judge Rules
Before filing your 2013 tax return, did you  consult an Internal Revenue Service publication for clarification of some confusing point? That’s living dangerously. Or so a U.S.  Tax Court Judge declared this week. “...
 
 
Predicting The Most Expensive Games Of The 2014 NFL Schedule
Even at the times of little news during the offseason, the NFL keeps fans in anticipation of what might come next. With less than a month until the NFL Draft, the release of the 2014 NFL schedule is expected sooner. For...
 
 
 

Latest from the Network

Marisa Tomei is too old to play Lady Gaga?
Marisa Tomei thinks she's too old to play Lady Gaga in a movie. The 'The Wrestler' actress was flattered to hear the 'Applause' hitmaker would like her to play the 28-year-old singer if there is ever a film made about...
Read more on Celebrity Balla
 
Hawkeye Technology Improves Time Clock Reporting and Payroll Integration in TimeClick LE 12
Logan, UT, April 18, 2014 --(PR.com)-- Hawkeye Technology, creator of TimeClick, a leading employee time clock software, announces the release of TimeClick version LE 12. This new version offers powerful new reporting...
Read more on Business Balla
 
Airbnb Cofounders Are Billionaires As Share Economy Leader Closes $450 Million Round At $10 Billion Valuation
It took a month, but Airbnb’s founders are confirmed as the share economy’s first billionaires, at least on paper. That’s because the home-sharing site has closed its new fundraising round, raising $450 million at a $10...
Read more on Business Balla
 
`Taxpayers Rely On IRS Guidance At Their Own Peril,' Tax Judge Rules
Before filing your 2013 tax return, did you  consult an Internal Revenue Service publication for clarification of some confusing point? That’s living dangerously. Or so a U.S.  Tax Court Judge declared this week. “...
Read more on Business Balla
 
Predicting The Most Expensive Games Of The 2014 NFL Schedule
Even at the times of little news during the offseason, the NFL keeps fans in anticipation of what might come next. With less than a month until the NFL Draft, the release of the 2014 NFL schedule is expected sooner. For...
Read more on Business Balla
 
How The Wealthiest Families Make And Lose Their Money -- Part 5
In this series of articles on wealth creation and maintenance, we have hit on a few key findings of researchers and practitioners.  The vast majority of family wealth stems from business ownership and not inheritance. ...
Read more on Business Balla
 
Can High-Speed Internet Spark Better-Paying Jobs?
Many of us look at high-speed internet as a way to enjoy pleasures like clearer HDTV and speedier Wi-Fi. But as lightening-fast service gets rolled out in new markets, it could also pave the way to innovation–and new...
Read more on Business Balla
 
For NHL and NBA Playoffs, Parking, Like Tickets, Also Have A Premium
When the Nets and Raptors tip off tomorrow afternoon, the NBA playoffs will be underway.  Along with the NHL playoffs, many think the next two months are the most exciting in all of sports. Over the course of the next...
Read more on Business Balla
 
The Week Ahead: A Spring Breakout for the Economy?
Just a week ago the stock market was looking quite vulnerable as most of the major averages closed near their lows last Friday, April 11. There were signs of heavy selling, so I concluded last week that “On a short-term...
Read more on Business Balla
 
Which Teams Did The Best And Worst Job Of Pricing Tickets For The NHL Playoffs?
The Bruins have a long history of success with six Stanley Cups championships, most recently in 2010-11.  Heading into the 2014 NHL Playoffs, the Boston Bruinsare favored by Las Vegas to win their seventh.  While that’s...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla