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5/7/15: EBay's (Nasdaq: EBAY) May 1 shareholder meeting was most likely its last before the PayPal spin-off later this year, when John Donahoe will step down as CEO to be replaced by the president of eBay Marketplaces, Devin Wenig. Donahoe spoke about the eBay-PayPal breakup, which he said is expected to occur in the third quarter (the end of September at the latest, before the holiday shopping season kicks into high gear).
Notably, shareholders voted against the board's recommendations by passing one proposal on shareholder proxy access. The Wall Street Journal provided more details about the proxy access proposal, presented by the Comptroller of the City of New York. "Proponents of so-called proxy access say it makes corporations more accountable to shareholders who can potentially shake up a board if dissatisfied with a company's strategic direction or annual returns," the newspaper wrote.