![]() ![]() And judging any company by its stock price performance over the past two very disruptive months is a bit of a cheap shot. But come on-McCarthy deserves a little more than two months before his management can be judged a failure. Now, it’s hard to defend Peloton, the very picture of a poorly run company. So perhaps we shouldn’t be surprised that today Blackwells complained that “two months have passed” since the executive reshuffle and shareholders are worse off because the stock price has fallen further. We live in an age of instant gratification, when you can order a banana delivered to your apartment in less than 10 minutes. You’d think that would satisfy the activist, at least for a little while.īut no. Two weeks later, hey presto! Foley was pushed aside to become “executive chair”-probably not the promotion it might seem-while former Netflix Chief Financial Officer Barry McCarthy was installed as CEO. The Final Flaw Paperback Apby Michael R Sullivan (Author) 69 ratings See all formats and editions Kindle 0.00 Read with Kindle Unlimited to also enjoy access to over 3 million more titles 4.99 to buy Paperback 14.99 4 Used from 4.61 5 New from 14. ![]() Nearly three months ago, activist investor Blackwells Capital called on Peloton to fire its CEO, who was then John Foley, and consider selling itself. ![]()
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