Overstock CEO Resigns After Unusual Message About ‘Deep State’

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Overstock CEO Resigns After Unusual Message About ‘Deep State’

(Bloomberg) –– Patrick Byrne, the flamboyant entrepreneur who has run Overstock.com for two decades, resigned from his role as chief executive officer after bewildering investors last week with claims about entanglements with the “Deep State.”

Byrne, whose departure as CEO and from the board takes effect Thursday, will be succeeded by director Jonathan Johnson on an interim basis. Johnson has been with the company for 17 years and has recently served as president of Overstock’s Blockchain business, Medici Ventures.

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