(Bloomberg) -- Lenders to bankrupt firms are increasingly demanding the use of a controversial contract clause that bolsters their investments in exchange for giving companies a chance at survival. Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationBacklash Spreads Over Musk’s Endorsement of Antisemitic PostOpenAI Ousts Altman as CEO; Board Says It Lost Confidence in HimHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsOpenAI Oust
Sometimes when an activist gets involved things can happen quickly, which is exactly the case with the former Overstock.com.
Jonathan Johnson Steps Down as Chief Executive Officer Dave Nielsen Appointed Interim CEO and President; Adrianne Lee, CFO, Takes on Expanded Responsibilities MIDVALE, Utah , Nov. 06, 2023 (GLOBE NEWSWIRE) -- Beyond, Inc., (NYSE: BYON), the online home furnishing company formerly known as Overstock.com, Inc. that now operates as Bed Bath & Beyond, today announced that Jonathan Johnson has stepped down as Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. J