Financial Times FT.com

Overstock

Published: November 24 2009 15:04 | Last updated: November 24 2009 21:28

Patrick Byrne cannot blame this one on the Sith Lord. Unless a Jedi mind trick was involved, the chief executive of online retailer Overstock.com has some explaining to do about why his company fired its second auditor in nine months and took the unusual step of filing unreviewed quarterly financials.

He is no stranger to controversy, having waged a campaign against hedge funds and brokers who he says are involved in a “naked short selling” campaign against companies such as his. The weirdness of his message and his attacks on respected journalists who dared to disagree have not helped his cause. Neither did prefacing the deficient filing with this nugget from Nietzsche: “All things are subject to interpretation; whichever interpretation prevails at a given time is a function of power and not truth.”

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