Pro-voucher CEO's company has never made a profit

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Submitted by lucidity on Mon, 12/03/2007 - 11:32am.

Letter in Friday's Salt Lake Tribune about Patrick Byrne, CEO of Overstock.com and financier of the pro-voucher forces in Utah:

Being a financial analyst and an MBA grad, I will try to use my low Utah IQ to figure things out. Overstock.com, Mr. Byrne's company, has been in business since 1997 and to this date has yet to earn a profit. [...]

I may have a low Utah IQ, but I do know one thing: Mr. Byrne obviously has no idea about how to run a successful business. Why would anyone think he has a clue about how to spend my tax dollars? Frankly, I am glad his opinion on school vouchers differs from mine. I would be worried if I actually agreed with the guy.

Ryan Judkins
Salt Lake City

But don't blame Byrne for his company's $100-million loss in 2006 — blame the Sith Lord. (Is Patrick Byrne related to "Super" Dell?)