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Overstock CEO Resigns After Disclosing Romance with Russian Agent

• chews 7y ago
  Sadly, his attempts to get rid of stock borrowing, and specifically shorting will be fought by those who keep the truth burning. Instant reconciliation is possible today, and it should be the basis of an economic system that trades in stock. T-zero is an improvement over T3 and T2.
  • staticautomatic 7y ago
    He wasn't against shorting. He was against naked shorting and its side-effects.
    • thomaskcr 7y ago
      Naked shorting is already illegal.
  • deleted 7y ago
    [deleted]
• PhantomGremlin 7y ago
  Maybe he simply decided he's tired of being CEO. Once he's no longer a corporate officer it will be easier for him to sell stock. Since he owns 15% of a $700+ million valuation company, his stock is worth over $100 million. Given the precarious state of retail these days, maybe cashing out the $100 million isn't a bad thing to do.