What happens when a company where you work, or own shares, has a top man who is addicted to the Internet? It’s not pretty (though it is often pretty dang funny).
I’ve marveled in the past (see this post and others) about Overstock.com CEO Patrick Byrne’s self-destructive Internet addiction — how he has dragged his wretched company through the mud via skeevy, sometimes foul-mouthed posts in which he rarely identifies himself as CEO (shades of Whole Foods CEO John Mackey).
I only found out today how really bad off he is, Internet-addiction-wise.
I was dozing through the Overstock.com quarterly conference call this morning, numbed by the always-dubious financial gobbledygook and Sith Lord Chewbacca. After all, there’s really no way of distinguishing facts from exaggerations and hocus-pocus until afterwards, when his version of reality is dissected by accounting-fraud-watchers like Sam Antar and Tracy Coenen. So I wandered over to the Investor Village message board. I saw this:
