Patrick M. Byrne

Patrick M. Byrne (born 1962, Fort Wayne, Indiana, United States) is an American entrepreneur, e-commerce pioneer, CEO and Chairman of Overstock.com, In 1999, Byrne took control of the company, then called D2: Discounts Direct, and changed its name to Overstock. He had previously served shorter terms leading two smaller companies, including one owned by Warren Buffett’s Berkshire Hathaway.

In 2002, Byrne took Overstock.com public. Since the initial public offering, the company has since increased its revenue to over $1 billion a year, and achieved full profitability in 2009.

Beginning in 2005, Byrne become known for his campaign against the practice of naked short selling. Byrne says it has been used in violation of securities law to hurt the price of his and other companies' stock. Under his direction, Overstock.com has filed two lawsuits alleging improper acts by Wall Street firms, a hedge fund, and an independent research firm.

Read more about Patrick M. ByrneBackground, Overstock.com, Campaign Against Naked Shorting and Analysts, Defamation Lawsuit, Awards and Media Attention, Education Lobbying, See Also

Famous quotes containing the words byrne and/or patrick:

    As I define it, rock & roll is dead. The attitude isn’t dead, but the music is no longer vital. It doesn’t have the same meaning. The attitude, though, is still very much alive—and it still informs other kinds of music.
    —David Byrne (b. 1952)

    One of your biggest jobs as a parent of multiples is no bigger than simply talking to your children individually and requiring that they respond to you individually as well. The benefits of this kind of communication can be enormous, in terms of the relationship you develop with each child, in terms of their language development, and eventually in terms of their sense of individuality, too.
    —Pamela Patrick Novotny (20th century)