Hedge fund JAT Capital, which owns a 9.6% stake in Beyond Inc, last week urged the board to replace CEO Johnson, arguing that he is to blame for the...
- Internet retailer Beyond Inc, formerly known as Overstock.com, on Monday said its chief excecutive, Jonathan Johnson, has stepped down amid activist investor pressure.
On the interim, Johnson will be replaced by Dave Nielsen, who has been Beyond's president since 2019, while the search for a permanent CEO has begun, the company added. November is typically the best month for stocks. A quirk among mutual funds may explain the weird phenomenon and point to big gains into year's end
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