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WSJ News Exclusive | Activist Investor Calls on Peloton to Fire Its CEO

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An activist investor wants Peloton to fire its CEO and explore a sale after the stationary-bike maker’s stock plummeted more than 80% from its high, as growth slowed

An activist investor wants Peloton Interactive Inc.

to fire its chief executive and explore a sale after the stationary-bike maker’s stock plummeted more than 80% from its high, as growth slowed.Blackwells made public Monday. The firm believes Peloton could be an attractive acquisition target for larger technology or fitness-oriented companies, according to the letter.

 

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Why would they need permission? They don't need another one missy

Well at least they're gettin paid, that's the main thing

They probably don't have a CEO anymore. God CalledUp

It costs too much

🙄

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Activist investor Blackwells Capital pushes Peloton to fire CEOActivist investor Blackwells Capital LLC wants exercise equipment maker Peloton Interactive Inc. to fire its chief executive and consider selling itself to a fitness or technology company, two sources familiar with the matter said on Sunday.
Source: FoxBusiness - 🏆 458. / 53 Read more »