Today in Disgraced CEOs — Overstock and Jimmy Johns

Patrick Byrne abruptly resigned from Overstock.com, the company he founded, with a rambling, incoherent appearance on FOX News where he claimed that he was asked to spy by “some very honorable people,” including having an affair with now-jailed Russian spy Maria Butina. “I took some orders that seemed very fishy…[but]I’m not working with anybody….I want…

CEOs Adopt “Stakeholder” Goals: Business Roundtable

A new statement from the Business Roundtable commits to stakeholder interests instead of making the primary purpose of the company shareholder value. We have some concerns.  And a strong sense of deja vu. The last time the BRT was excited about stakeholders it was during the era of hostile takeovers, and a feint to the…

Stop Letting Quarterly Numbers Dictate Your Strategy

Former Jive Software CEO David Hersh says that there is too much focus on quarterly revenue numbers. He has some good suggestions — keep R&D involved in strategy, make sure the board understands that revenues are the result of strategy not the other way around — but omits the key factor of communicating effectively with…