Byrne started Overstock.com in 1999. Under his leadership, the company's annual revenue has grown from $1.8 million in 1999 to $760.2 million in 2007.
- Symposium to Focus on Philanthropic Climate
- Diplomatic Official to Address Valparaiso Grads
- Barnes & Thornburg Makes List of Largest Law Firms
- Top Ready For New Downtown Indianapolis Hotel
- Elkhart RV Maker Adds West Coast Dealer
- Indy Health Expo to Debut in January
- New Members Appointed to Chamber Board
- VU Receives Funds For Distance Learning
- RV Companies Gearing up For National Trade Show
updated: 11/6/2009 1:09:37 PM
[UPDATED] CEO: Economy Could Face Another Crisis
Overstock.com CEO Patrick Byrne doesn't believe the economy is poised for a quick rebound.
As economists and business leaders assess the new figures showing the nation's unemployment rate is at 10.2 percent, its highest level since 1983, an Indiana native who heads a major online retailer is cautioning the economy could be poised for another crisis. Overstock.com Inc. (Nasdaq: OSTK) Chief Executive Officer Patrick Byrne believes problems could be brewing in the commercial real estate market, similar to the sub-prime lending rate crisis. Byrne made the comments to Inside INdiana Business during a stop this week in Indianapolis.
Source: Inside INdiana Business
 Jeff Patchen, President and CEO, The Children's Museum of IndianapolisIn a Studio(i) interview, The Children's Museum of Indianapolis Presiden... |
 Jerry Conover, Director, Indiana Business Research CenterIn a Studio(i) interview, IBRC Director Jerry Conover talked about both ... |
 Matt Gutwein, CEO, Marion County Health and Hospital Corp.In a Studio(i) interview, Gutwein discusses the Wishard project with Ins... |
FrontPg.jpg)
The Fort Wayne native is co-chair of the Indianapolis-based Friedman Foundation.
He spoke about education choice during an address this week to the Economic Club of Indiana.
Byrne believes many states could improve their financial situation by allowing more school choice. That could lessen the cost burden on public school systems.
He believes many people oppose school vouchers, without realizinit can be virtually the same system as scholarships for higher education institutions.
Source: Inside INdiana Business
