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Foley's Understatement
- John Foley underestimated the impact of reopening on Peloton's business.
- He stated, "It is clear that we underestimated the reopening impacts on our company [and] on the overall industry."
Activist Investor Deck
- Blackwell Capital's activist investor deck severely criticized Peloton's management.
- The deck highlighted John Foley's poor decisions and loss of credibility.
Foley's Management Style
- John Foley admitted to rarely communicating with his CTO, even as CEO of a tech company.
- He also downplayed his involvement in financial matters, delegating almost everything to the CFO.