SALT LAKE CITY — On-line dwelling furnishings retailer Overstock issued a press release distancing itself from former CEO Patrick Byrne in mild of rising particulars about Byrne’s political entanglements.
“In response to latest information about him: Overstock has no affiliation or affiliation with Patrick Byrne and has not for nearly three years,” the corporate stated on social media on July 13. “He left the corporate in August 2019, greater than a full yr earlier than the 2020 election. He offered all of his Overstock shares in September 2019 (supply: Marketwatch Report). Since then, he has not been related with Overstock. His private and political views and actions are his personal. Overstock is an apolitical dwelling furnishings and furnishings enterprise with a dedication to high quality and repair. We assist our clients furnish their dream properties. For extra info on Overstock and our govt group, please go to overstock.com/about.”
Patrick Byrne
Byrne, who based the Salt Lake Metropolis-based firm in 1999, was reportedly part of former President Donald Trump’s inner circle late in his administration and was at a gathering in mid-December 2020 on the White Home to debate methods to overturn the election. It’s reported that Byrne will meet with the Home of Representatives’ choose committee, which is investigating the occasions main as much as Jan. 6, 2021.
Prior to his resignation in 2019, Byrne revealed that he was an informant for the federal government in a number of investigations into the “Deep State.” In a statement issued to shareholders, he stated, “Whereas I consider that I did what was vital for the nice of the nation, for the nice of the agency, I’m within the unhappy place of getting to sever ties with Overstock, each as CEO and board member, efficient Thursday, Aug. 22 (2019).”
Jonathan Johnson has served as CEO of the corporate since Byrne left.
Thomas Lester is Retail Editor for Furnishings As we speak and Digital/Managing Editor for House Accents As we speak. A graduate of Emory & Henry School’s Mass Communications program, Lester spent a dozen years working for newspapers in Virginia and North Carolina protecting an array of topics, starting from group information, authorities, schooling, ACC sports activities, skilled baseball and extra earlier than becoming a member of Furnishings As we speak in 2013. Attain out to me along with your story concepts, ideas and extra at tlester@furnituretoday.com.
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