BNET Industries
Market Cap:$277.6M
Last Fiscal Year Sales:$834.3M
- Public
- US
Dow Jones Description
Overstock.com, Inc. is an online "closeout" retailer offering discount, brand-name merchandise for sale over the Internet. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory liquidation distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ Global Market System. In July 2005, it acquired 100% of the outstanding capital stock of Utah-based Ski West, Inc. for $25 million in cash.
Chief Executive OfficerPatrick M. Byrne
Number of Employees 1,036
Peer Companies
NAICS Code All Other Miscellaneous Store Retailers (except Tobacco Stores): 453998
Recent Events
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Overstock.com fails to cobble together a Q1 profit
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The Reliable Unreliability of Overstock.com Financial Statements
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James Joyce Resigns from Overstock.com
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Overstock.com Pays $1.2 Million to Departing Board Member
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Attention Grant Thornton: Stay Away from Overstock.com
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Overstock.com Joins the Commission Junction Affiliate Marketing
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E-book news steers gains in sector
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Overstock.com faces another shoddy accounting challenge
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Overstock.com, Inc. Q4 2008 Earnings Call Transcript
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Overstock profit beats expectations; shares rise
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Overstock.com Violates Accounting Rules in Q4 2008 Financial Report
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Overstock names Home Depot vet as finance vice president
News & Analysis
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overstock.com inc. - All News and Analysis
Overstock Dumps Affiliates, Rants About Tax-Happy States
Larry Dignan ZDNet submits: Overstock OSTK is joining Amazon AMZN and Blue Nile NILE in the parade of e-commerce companies dumping affiliates in states that aim to slap a tax on Internet referrals. On Wednesday, Overstock said that it will drop its affiliate advertisers in California, Hawaii,...
Stanford Financial's CFO Laura Pendergest-Holt: A Victim of Overzealous Regulators?
Gary Weiss submits: Want the hairs on the back of your neck to stand up? If so, read about how ex-Overstock.com legal brain Brent Baker crowed to the Salt Lake Tribune about his poor, downtrodden, misunderstood client, Stanford Financial's CFO Laura Pendergest-Holt.Hold on to your barf bags, folks. The...
The Latest Naked Shorting Conspiracy Hoax
Gary Weiss submits: As I've detailed in various blog posts, Overstock.com OSTK CEO Patrick Byrne spends gobs of his inherited wealth on behalf of his lifelong goal: investor impoverishment. He has cooked the books of his company, lied at investor conference calls, and hired a former Florida Republican go-fer...
GAO Confirms: The SEC Allowed Companies to Commit Fraud
Gary Weiss submits: Under Chris Cox, this was official SEC policyMy readers probably weren't the slightest bit surprised by the findings of a GAO report released yesterday.Bloomberg reports: by Gary Weiss
Overstock.com's Q1 Financial Performance Aided by GAAP Violations
Sam E. Antar submits: Overstock.com (NASDAQ: OSTK) and its management team led by its CEO and masquerading stock market reformer Patrick Byrne continued its pattern of false and misleading disclosures and departures from Generally Accepted Accounting Principles [GAAP] in its latest Q1 2009 financial report. In Q1 2009, Overstock.com...
The Reliable Unreliability of Overstock.com Financial Statements
Gary Weiss submits: There are few certainties in this world: gravity, the speed of light, and, more obviously every quarter, the utter unreliability of Overstock.com OSTK financial statements.That became starkly evident yesterday, as white collar crime-fighter Sam Antar released the latest of a series of blog items showing that...
Overstock.com Stalking Victim Exposes Creepy Hedge Fund
Gary Weiss submits: The press has been agog recently about Paradigm Capital, a fund-of-hedge-funds run by members of Joe Biden's family, and its apparent connection with a hedge fund shut by the SEC called Ponta Negra. CJR's Audit column has the full details on this remarkable scoop by a...
Overstock.com Inc. Q1 2009 Earnings Call Transcript
Earnings Call ExcerptOverstock.com Inc. OSTK Q1 2009 Earnings Call April 22, 2009 3:00 pm ET Executives Jonathan Johnson – President Patrick Byrne – Chairman and Chief Executive Steve Chesnut – Senior Vice President of Finance Analysts Nat Schindler – Bank of America/Merrill Lynch [Larry Wyck – Morningstar] Presentation...
Today's Overstock.com Q1 Earnings Call: Key Questions for CEO Patrick Byrne
Sam E. Antar submits: Overstock.com's OSTK earnings conference call is scheduled to start on Wednesday, April 22, 2009 at 3:00 PM Eastern. Therefore, I have submitted the questions below for CEO Patrick Byrne to answer. Before asking each question, I provide the context of my questions. Let's see if...
How Dendreon Is Proving Short Sellers Wrong
Gary Weiss submits: So here we have a man bites dog story: a company that is a poster child of the anti-short-selling conspiracy kooks, and which has just whupped the shorts the only way they can be whupped--by producing a product that works. That company is called Dendreon...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Patrick M. Byrne | Chief Executive Officer |
| Jason C. Lindsey | President & COO |
| Dan Greening | Chief Scientist |
| David K. Chidester | Senior Vice President, Finance |
| Holly MacDonald-Korth | Senior Vice President, Auctions |
| Jacob Hawkins | Senior Vice President, Online Marketing |
| Jonathan E. Johnson | Senior Vice President |
| Kamille Twomey | Senior Vice President, Marketing |
| Sam Peterson | Senior Vice President, Technology |
| Stephen Tryon | Senior Vice President |
| Stormy Simon | Senior Vice President, Branding and Customer Care |
| Tad Martin | Senior Vice President, Mdsg & Operations |
| Allison H. Abraham | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Jack Byrne | Chairman |
| Gordon S. Macklin | Board of Directors |
| John A. Fisher | Board of Directors |
| John J. Byrne | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Issues & Opinions | Chairman and CEO | Current |
| Aggregate Knowledge | Chairman and CEO | Current |
| Overstock.com, Inc. | Chief Executive Officer | Current |
| Overstock.com, Inc. | Chairman | Current |
| Centricut, LLC | Chairman, President and CEO | Former |
| Overstock.com, Inc. | President | Former |
| Fechheimer Brothers Co. | Former | |
| Overstock.com, Inc. | Board of Directors | Former |
| Stanford University | Doctorate In Philosophy | Former |
| Cambridge University | Master's Degree | Former |
| Dartmouth College | Bachelor's Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Overstock.com, Inc. | President & COO | Current |
| Overstock.com, Inc. | Board of Directors | Current |
Dan Greening is a computer scientist currently focusing on adaptive location services. He is CEO of BigTribe Corporation, an internet software company focusing on location services and personalization. BigTribe has developed a unique adaptive personalization algorithm that recommends locations (restaurants, stores, parks, etc.) you'll enjoy visiting and services (taxis, movie tickets, restaurant reservations, prescription refills, etc.) you'll use. It works with connected devices, such as web browsers and cell phones, and disconnected devices, such as PDAs. In 2002, Dr. Greening was chair of the Location Interoperability Forum's Standards Group (now part of Open Mobile Alliance), which wrote the widely-adopted Mobile Location Protocol. The Mobile Location Protocol allows middleware systems to transmit location information in a technology-neutral way. It can preserve privacy and permissions while roaming. It can represent location information in local coordinate reference systems, making it easier to use local maps and directories. These factors are key for deploying location services in mobile telephone systems. Dr. Greening was formerly Vice President of Engineering for Macromedia, directing software architecture, engineering, documentation and quality assurance for LikeMinds and Aria, marketing tools that improve revenues and quantify traffic on web sites. LikeMinds is an adaptive personalization system providing click-stream and preference-based collaborative filtering and market basket analysis in real-time, also on highly-trafficked sites. LikeMinds helps maximize the revenue potential for each visitor, and strengthens one-to-one relationships with customers, increasing retention and reactivation rates. Greening designed the parallel-processing architecture for LikeMinds, making it more scalable and accurate than competitors. LikeMinds is now bundled with IBM's WebSphere Commerce Server, where it displaced a well-entrenched competitor previously bundled with WebSphere.
| Organization | Position | Status |
|---|---|---|
| Bigtribe | CEO | Current |
| Overstock.com, Inc. | Chief Scientist | Current |
| Macromedia, Inc. | Vice President Engineering | Current |
| Bigtribe | President | Former |
| Bigtribe | Principal Investigator | Former |
| University of California, Los Angeles | Ph.D. | Former |
| University of Michigan | Bse | Former |
As the Senior Vice President, Internal Reporting and Information, Dave’s duties include supervision of the company’s internal data and information, including internal reporting and cost accounting functions. Dave joined Overstock.com in 1999 as the corporate controller, was named acting CFO in August 2003, and promoted to the CFO position (Vice President of Finance) in January 2004 and was subsequently promoted to Senior Vice President, Finance. Prior to Overstock.com, Chidester served four years as a senior auditor with PricewaterhouseCoopers. Chidester earned a bachelor's degree in accounting, and a master's degree in Business Administration from the University of Utah.
| Organization | Position | Status |
|---|---|---|
| Overstock.com, Inc. | Senior Vice President, Finance | Current |
| Overstock.com, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Overstock.com, Inc. | Senior Vice President, Auctions | Current |
| Organization | Position | Status |
|---|---|---|
| Issues & Opinions | Senior Vice President, Change Management | Current |
| Overstock.com, Inc. | Senior Vice President, Online Marketing | Current |
| Aggregate Knowledge | Senior Vice President, Online Marketing | Current |
| University of Utah | Masters | Former |
| University of Utah | Business Administration With An Emphasis In Information Systems | Former |
| Organization | Position | Status |
|---|---|---|
| Issues & Opinions | President | Current |
| Aggregate Knowledge | President | Current |
| Overstock.com, Inc. | Senior Vice President | Current |
| TenFold Corporation | Executive Vice President and Chief Financial Officer | Former |
| Utah Court of Appeals | Clerk | Former |
| Utah Supreme Court | Clerk | Former |
| TenFold Corporation | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Overstock.com, Inc. | Senior Vice President, Marketing | Current |
Sam Peterson, Senior Vice President, Technology, is responsible for IT infrastructure, development and website design at Overstock. Sam served as the Vice President, Software Development from early 2005, and was appointed as Director, Network and Systems Engineering in 2003, where he managed several development teams. During that time, he directed the technology team that built the Overstock.com Auctions website. Prior to joining Overstock in 1999, Sam was involved in creating several start-up internet ventures, including Fitnesoft, Inc.
| Organization | Position | Status |
|---|---|---|
| Aggregate Knowledge | Senior Vice President, Technology | Current |
| Overstock.com, Inc. | Senior Vice President, Technology | Current |
| Overstock.com, Inc. | Director | Current |
| Aggregate Knowledge | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Issues & Opinions | Senior Vice President, Logistics | Current |
| Overstock.com, Inc. | Senior Vice President | Current |
| Aggregate Knowledge | Senior Vice President of Overstock.Com | Current |
| United States Military Academy | Assistant Professor | Former |
| Stanford University | M.A. In Philosophy | Former |
| Stanford University | B.S. In Applied Sciences | Former |
| United States Military Academy | B.S. In Applied Sciences | Former |
Since joining Overstock.com in 2001 Stormy Simon has held various marketing and management positions including Director of B2B, and originator of the Co-op Advertising program. Stormy currently serves as the Senior Vice President, Branding and Customer Care. She also oversees all offline marketing efforts, writing and producing all television, radio and print advertising, and does their media buying also. Prior to joining Overstock.com, Stormy was a media buyer and Director of Co-op Advertising for a major video distributor.
| Organization | Position | Status |
|---|---|---|
| Aggregate Knowledge | Senior Vice President | Current |
| Overstock.com, Inc. | Senior Vice President, Branding and Customer Care | Current |
| Organization | Position | Status |
|---|---|---|
| Overstock.com, Inc. | Senior Vice President, Mdsg & Operations | Current |
Jack Byrne has been a director of the Company since 1985. Mr. Byrne formerly served as Chairman of the Company from 1985 to 2003, as CEO of the Company from February 2002 to December 2002, as Chairman of OneBeacon from June 2001 to December 2001, as CEO of the Company from January 2000 to June 2001, as President and CEO of the Company from 1990 to 1997 and as CEO of the Company from 1985 to 1990. Mr. Byrne serves as Chairman of Overstock.com Inc. See Certain Relationships and Related Transactions.
| Organization | Position | Status |
|---|---|---|
| White Mountains Insurance Group, Ltd. | Director of the Company | Current |
| Overstock.com, Inc. | Chairman | Current |
| White Mountains Insurance Group, Ltd. | Board of Directors | Current |
| White Mountains Insurance Group, Ltd. | President and CEO | Former |
| White Mountains Insurance Group, Ltd. | Chairman | Former |
| Onebeacon | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Issues & Opinions | Director | Current |
| Overstock.com, Inc. | Director | Current |
| Aggregate Knowledge | Director | Current |
| Ameritech Corporation | Former | |
| Darden Graduate School of Business Administration | MBA Degree | Former |
| University of Virginia | Mba Degree | Former |
| Tufts University | Bachelor of Arts In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Overstock.com, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Overstock.com, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Overstock.com, Inc. | Board of Directors | Current |
| Overstock.com, Inc. | Deputy Chairman | Former |
Executive News
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Jobs' Return to Apple Is Path Strewn With Controversy
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1-Star Stocks Poised to Plunge: Overstock?
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CheapTweet Launches Overstock.com Twitter Store
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Overstock.com Opens Doors to More International Customers
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Overstock.com Opens Doors to More International Customers
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Overstock.com Opens Doors to More International Customers
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Overstock.com(R) and other Brands Optimize Twitter Presence, Online Reach with Release of...
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Overstock.com and other Brands Optimize Twitter Presence, Online Reach with Release of CheapTweet Stores
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