The outspoken CEO of online home goods retailer Overstock has resigned, days after he issued a press release entitled 'Comments on Deep State' that claimed he helped the FBI carry out 'political espionage'
New York The outspoken CEO of online home goods retailer Overstock.com resigned Thursday, days after he issued a press release entitled"Comments on Deep State" that claimed he helped the FBI carry out"political espionage."
The strange post from longtime Overstock chief Patrick Byrne triggered a steep decline in Overstock's stock price last week. The company's stock price later recovered, and it surged more than 10% Thursday on news of Byrne's exit. In a letter Byrne issued Thursday, he stated that he is"already far too controversial to serve as CEO" and chose to step away after 20 years so that his presence wouldn't affect Overstock's business.
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