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"Nonsense. Every CEO is familiar with the concept of "skin in the game." You're cashing out because you've lost confidence, and that sends a signal to your shar

"Nonsense. Every CEO is familiar with the concept of "skin in the game." You're cashing out because you've lost confidence, and that sends a signal to your shareholders." > Byrne is the beneficial owner of 4,910,431 Overstock shares as of May 16 Why should he have to justify his sale of a fraction of that, 15% before the sale? Jack Dorsey doesn't have to justify his monthly sales of 70,000 Square shares, typically netting him 4 million usd. https://google.brand.edgar-online.com/default.aspx?sym=SQ https://google.brand.edgar-online.com/default.aspx?sym=SQ , see Jack Dorsey Form 4's Skin in the game? Jack Dorsey simultaneously prints completely new Class B shares, and converts them to Class A common stock, continuously diluting everyone. Jack Dorsey satisfies your would-be criticism if held to the same standard by creating new shares at $0.00 for every one he sells for millions. What is the difference in the tolerance people have for Jack Dorsey's behavior and Patrick Byrne's behavior? The mere element of surprise and lack of pattern?

x0x0 7y ago
I'd imagine this has something to do with it: > Overstock’s heavily shorted stock plummeted from $87 in the beginning of 2018 to about $17 today as some $1.6 billion in market capitalization has evaporated. Once reliably profitable, Overstock lost $206 million last year and $110 million in 2017. In recent months, Byrne fired some 400 people. That's the context in which the ceo dumped 15% of his holdings.
- rolltiide 7y ago
  I treat everything like a trade. If I have shares in my portfolio even because I happened to have issued them, I trade them just like anything else I own. Do I want fiat? Sell asset for fiat. If I see an opportunity I would consider rebalancing the portfolio. Some shareholders have anxiety problems grasping for confidence from aspects that are irrelevant.

x0x0 7y ago

I'd imagine this has something to do with it: > Overstock’s heavily shorted stock plummeted from $87 in the beginning of 2018 to about $17 today as some $1.6 billion in market capitalization has evaporated. Once reliably profitable, Overstock lost $206 million last year and $110 million in 2017. In recent months, Byrne fired some 400 people. That's the context in which the ceo dumped 15% of his holdings.

rolltiide 7y ago
I treat everything like a trade. If I have shares in my portfolio even because I happened to have issued them, I trade them just like anything else I own. Do I want fiat? Sell asset for fiat. If I see an opportunity I would consider rebalancing the portfolio. Some shareholders have anxiety problems grasping for confidence from aspects that are irrelevant.