The New York Times Deal Book blog includes a note about Patrick Byrne's relationship with his father, John "Jack" Byrne, including their disagreement over Patrick's efforts to encourage reform in the stock market over short selling. As you know, Patrick is the CEO of Overstock.com Inc.(Nasdaq: OSTK) and his father sits as the Chairman. The senior Byrne is a billionaire who made his name by turning around Geico in the 1970s.
Patrick himself describes his efforts as a "jihad" to reform Wall Street, which he calls a "cesspool of greed and corruption." His focus is on the practice of short-selling, which he points out is inadequately regulated. He's even sued some hedge funds.
