CEO planning against financial collapse

[mgray]

I think this is a forward-thinking exec being proactive. Not sure what you think.

Some companies keep a rainy-day fund. Overstock.com is preparing for the apocalypse.

Saying there’s a “10 to 20 percent chance” of a financial collapse in the next few years, the dot-com’s chief, Patrick Byrne, has stashed away $10 million worth of gold and silver, plus several thousand emergency preparation kits, complete with enough food rations to last his 2,000 employees and their families 30 to 60 days.

More here

[Flash]

Posted by mgray (here)
I think this is a forward-thinking exec being proactive. Not sure what you think.

Some companies keep a rainy-day fund. Overstock.com is preparing for the apocalypse.

Saying there’s a “10 to 20 percent chance” of a financial collapse in the next few years, the dot-com’s chief, Patrick Byrne, has stashed away $10 million worth of gold and silver, plus several thousand emergency preparation kits, complete with enough food rations to last his 2,000 employees and their families 30 to 60 days.

More here

wow that is a good boss, and he should not have made it public. He will be the first target if something comes up.