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Overstock CEO Patrick Byrne resigns amid Russian spy link, ‘deep state’ comments | Fox Business

The Overstock CEO is no stranger to controversy.

Overstock founder and CEO Patrick Byrne resigned Thursday after 20 years at the company amid his ties to a government investigation related to the 2016 election.

“In July I came forward to a small set of journalists regarding my involvement in certain government matters,” Byrne said in a letter to shareholders. “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.”

Chairman Jonathan Johnson has been named interim CEO.

Source: Overstock CEO Patrick Byrne resigns amid Russian spy link, ‘deep state’ comments | Fox Business

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