Carl Icahn Has a New Plan to Spin Off PayPal

Activist investor Carl Icahn has hatched a new plot in his ongoing quest to get eBay to spinoff its online payment service PayPal. In a letter to eBay shareholders released Wednesday, Icahn advocates for a partial IPO of PayPal, in which eBay would sell off 20 percent of the company in a public offering. "PayPal…