Scott Rusk

Scott Rusk

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Activist Investor Who Gutted Cabela's Now After EBay

Not seeing eye-to-eye, eBay CEO Devin Wenig resigned Wednesday over differences with the online site's new board.

The board wants to sell off some of eBay's businesses to appease activist investors, Reuters reports.

Elliott Management Corporation, the activist investment firm which successfully coordinated the takeover and ultimate sale of Cabela's to Bass Pro Shops now apparently wants to gut EBay in order to make another buck.

EBay includes StubHub and eBay Classifieds. A dispute over the potential sale of eBay Classifieds ultimately led to Wenig's departure.


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