Posted on 08/22/2019 10:16:38 AM PDT by Roman_War_Criminal
Overstock CEO Partick Byrne resigned from the e-commerce company Thursday after making controversial comments about his role in the “deep state.” Shares of Overstock popped as much as 17% after being halted for the news. Shares were up about 9% in the afternoon.
“In July I came forward to a small set of journalists regarding my involvement in certain government matters. Doing so was not my first choice, but I was reminded of the damage done to our nation for three years and felt my duty as a citizen precluded me from staying silent any longer,” Byrne said in a statement. ”...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.”
“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,” he added.
(Excerpt) Read more at cnbc.com ...
Hedge Funds used for political attacks on corporations.
Very, very odd phrasing in both this posts on FreeRepublic AND the original story by the national press corpse.
It is not clear whether he was fired FOR the liberal positions, or AGAINST the extremist liberal positions.
And the company he used to work recovered stock price. Again, it is not clear if firing this particular CEO for speaking FOR or AGAINST the liberal positions shows his wisdom, or his general foolishness and stupidity.
Sounds like he claims to have cooperated with the phony dossier cabal. Overall, I think he's just off his rocker.
Political espionage is what he calls the attempted coup, otherwise framed as Russian collusion, and he also includes Cruz and Rubio, as targets.
from link:
Patrick Byrne: I ended up in the center of the Russian and the Clinton investigations.
I have all the answers.
I have been sitting on them waiting for America to get there. Last summer I figured out… what they all are is all about political espionage. It had nothing to do with law enforcement, it was all political espionage. Here’s the bottom line. There is a deep state like a submarine working just beneath the waves of the periscope depth watching our shipping lane. And a nuclear ice breaker called the USS Bill Barr has snuck up on them and is about to ram midship.
That’s about to happen and I think we’re about to see the biggest scandal in American history as a result. But it was all political. Everything you think you know about Russia and Clinton investigations is a lie. It’s all a cover-up. It was all political espionage.
Meanwhile the CEOs of Comcast, Disney, and ATT are free to defecate on the Country every damn day. Why? Because the subscribing Right seems to enjoy eating it!
NBC, MSNBC, Universal, Axios are Comcast
ABC, ESPN are Disney
CNN is ATT
Tastes good, right???
And that could very well explain why the stock price is going up!
In January 2018, the stock was at $84 a share. 11 months later it was in the teens and has been there ever since. This company was in trouble long before the CEO stated talking about the Deep State.
I KNEW when I saw how bad that stock tanked that I should have scarfed up some shares. CRAP.
I've been reading some of the articles online about dividend stocks. If I had it on a bigger screen, I'd have checked them all by now, but wow, the only one that's worked out was about five high-div stocks to avoid. All five have stunk.
Overall, I think he’s just off his rocker.
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He seems like someone who is fantasizing about his own inflated sense of self importance. He’s hyperbolic and overly emotional. I’m very suspicious about his motivations.
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