Flash Fact: Patrick Byrne’s Father Was The CEO Of GEICO

In the 1970’s, GEICO (an acronym for Government Employees Insurance Company) was facing bankruptcy. When Jack Byrne was hired as the CEO, the company’s share price was trading at $2.00 per share, but fast forward to the 1990’s, and it was trading at $70.00 per share and one of Berkshire Hathaway’s prized investments,

Him and his son, Patrick Byrne, eventually went on to start Overstock.com, the famous cryptcurrency company that is attempting to revolutionize the world of finance. Read more

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