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Overstock.com Chief Buys Ad Mocking Hedge Funds
- San Francisco Chronicle, Tuesday, July 30, 2013 9:32 AM
Overstock.com CEO Patrick Byrne explains why he took out a full page ad in the Wall Street Journal mocking SAC Capital's Steve Cohen Saturday. "Cohen's life work is being destroyed," he wrote in a note to Business Insider, "I feel good. Shooting SAC Capital dead and throwing all of its employees into the streets is simply civilization scraping some dog--- off its shoe. I felt it was time I spent $100k on a derisive ad in order to say that." A Federal Grand Jury indicted SAC Capital on charges of insider trading this week after years of investigation.
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