18 Oct 2013
Anonymous employee
Beyond, Inc. Response
12ySome facts to counter the emotion in this post:
1. On most recent employee satisfaction survey, 62 % of respondents agreed or strongly agreed that Overstock executives provide strong leadership for the company. Only 16% disagreed or strongly disagreed with this claim. As an individual executive, Patrick Byrne currently has an 80% approval rating. It was at 90% a few years ago.
2. Retention is steadily improving. It is almost 30 percent better YTD than it was in 2012. The low point was after we lost money in 2011. That spike in turnover was based on results, not on personalities or emotion. We still have a ways to go to get back to the low levels of total turnover we were experiencing in 2009 and 2010, but we will get there.
3. At the end of the day, Overstock.com exists because of Patrick Byrne. Venture capital didnt fund this company, Patrick Byrne did. 1,450 people and their families have jobs here because of that... Most of them are happy with the executive leadership, but there are always some who are not. We just have to keep trying to make the company a better place, and we make progress on that every day.