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  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 65 slides",
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  "authorName": "Blackwells Capital",
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  "presentationDate": "2022-02-01 00:00:00",
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  "notes": "Uses quotes from the CEO and internal officers to build a case for nepotism and poor governance.",
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      "kind": "callout",
      "text": "Performance Has Suffered: Momentum in the [Apparel] unit... seems to be fading... [Apparel] penetration into our member base is so low.",
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      "text": "Photo of John and Jill Foley",
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      "text": "John Foley put his wife in charge of the Peloton apparel business; Recent results have been disappointing; Unclear if Ms. Foley is the best person; Shareholders deserve leadership from the best available managers, not nepotism.",
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      "kind": "quote",
      "text": "[W]e don’t really need to make money on our apparel business, because it’s not our core business.",
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      "kind": "quote",
      "text": "[I]t’s just... the dynamic is a little awkward with Jill and John.",
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      "kind": "source-note",
      "text": "Source: Goldman Sachs Technology & Internet Virtual Conference (February 11, 2021) transcript. Source: \"Peloton internal docs show it slashed 2022 sales goals for apparel unit after segment revenue more than doubled last year.\" CNBC, January 31, 2022.",
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      "text": "MISALIGNMENT OF INTERESTS: MR. FOLEY’S WIFE RUNS ONE OF THE BUSINESSES",
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