Overstock.com CEO is out after ‘deep state’ comments and claims of affair
Overstock.com CEO Patrick Byrne has resigned after comments he made about the “deep state” and Russian meddling, including claims that he had a romantic relationship with Maria Butina, the Russian woman who pleaded guilty to being an unauthorized foreign agent.
“Though patriotic Americans are writing me in support, my presence may affect and complicate all manner of business relationships, from insurability to strategic discussions regarding our retail business,” he said in a letter to shareholders. “Thus, while I believe that I did what was necessary for the good of the country, for the good of the firm, I am in the sad position of having to sever ties with Overstock, both as CEO and board member, effective Thursday August 22.”
In his letter, Byrne also praised Overstock’s investment in Blockchain technology, which he says “will reshape key social institutions,” as well as its retail operations. He also shared positive words for Jonath