Overstock.com CEO Resigns after Disclosing Relationship with Russian Agent Maria Butina
Overstock.com CEO Patrick Byrne stepped down Thursday amid the backlash to his disclosure of a romantic relationship with Russian agent Maria Butina. Byrne caused Overstock’s shares to plummet last week after he admitted to carrying on a romantic relationship with Butina from 2015 to 2016. The fallout from his disclosure complicated “all manner of business relationships,” he said in a statement announcing his resignation. “Thus, while I believe that I did what was necessary for the good of the country, for the good of the firm,” he wrote, ...
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