Favoritism is big here at Overstock. At first you think its all about performance and how well you do your job, but as you get to know people, become familiar with senior leadership, you start to understand that a lot of people are where they are, because who they are friends with (they hand out VP and Director titles like candy). There is a very tight knit group of senior leadership, they all started at Overstock about the same time and are all high up in the company even though you see them wandering around not doing anything (CMO is a very hardworking guy, the rest are "cool guys"). Senior leadership is a joke here. It's hard to get them all on the same page. No one wants to be the guy to have the final say as to what to do for sure. It's a lot of... well I can see both options, so and so what do you think? Senior leadership doesn't have a backbone. Also, they are terrible at planning. They have a "hire now because we need projects done and lay them off later" mentality. Overstock is trying to get acquired so they decide that because of the CEOs poor ability to plan and blow a whole bunch of spend and how that will affect the company, they decide that layoffs need to happen to make it look like they are a smooth, trimmed, operating machine, then try to cover up the layoff reasoning with problems with SEO and Google. I look around the office and see and hear people that got laid off because of "performance issues" but yet I see people still there, higher management, that all they do is wander around the office and chat to people. Good luck challenging the status quo too. You start to even question and challenge upper management, they will either burn you or make your life very difficult. If you want to work for a company that promotes based on your friends, go for it. Overstock SAYS they promote work life balance, value the employee and the little guys, and care and cherish your hard work, but at the end of the day, there is a forever growing gap of upper management and the average worker. As long as Overstock makes money, senior management will continue to treat themselves well with great pay, but will make sure that the little guys and everyone else that made it possible to get where they are, stay well below them in responsibilities, compensation, and the friend circle. Also senior leadership is grossly overpaid. As I have developed friendships, people share what their compensation is (I personally know people in most of these roles, other roles the people I know have told me)
Manager $75- $90k
Senior Manger $85-130k
Director $120-$170k
Senior Director $160-200k
VP $180-$250k
SVP $230-300k
CO $300+k
