But not the one you think. Patrick Byrne is staying put. His father, John Byrne is considering stepping down from his position as Chairman of Overstock due to disagreements with the younger Byrne. Specifically, father Byrne is apparently aghast at the amount of time Patrick has spent on his public slapfight with supposed short-sellers.

Via CNNMoney:

Overstock.com boss mulling resignation? Chairman John Byrne says disagreement with son Patrick could cause him to step down from post, newspaper says.

March 3, 2006: 7:17 AM EST
Reuters
CNNMoney

John Byrne said he is considering stepping down as chairman of Overstock.com Inc., the online retailer, The Wall Street Journal reported Thursday.

Among the issues Byrne said could cause him to leave his post is a disagreement with one of his sons -- Overstock (Research) Chief Executive Patrick Byrne -- over the amount of time the younger Byrne is spending on a highly public battle with short-sellers and analysts. The son contends they are conspiring to damage the company's stock, the newspaper reported in its online edition.

"After the shareholder meeting (in April) this year, I'm going to give some serious consideration of whether I'm going to stay as chairman of the board," the elder Byrne said in a phone interview with the Journal, speaking from Park City, Utah.

"Patrick and I have had some wonderful times together on Overstock, but we've also had some stormy times. I'd rather keep my relationship with my son than be the chairman of the board of another company," the 74-year-old said...

More here.

-- MDT

Labels: Patrick Byrne