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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": "The slide uses ISS QualityScore data to frame the company as having high risk and poor disclosure practices.",
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      "text": "Peloton has an overall Governance QualityScore of 9/10 and a 10/10, the worst score possible, for Shareholder Rights from ISS. ISS recommended against every Peloton director up for election at the 2020 and the 2021 Annual Meetings. Peloton has the worst possible score for environmental disclosure and governance risk, and nearly the worst possible score for social and human rights disclosure. Peloton’s governance provides very few mechanisms to hold the Board accountable: A second class of supervoting shares (at a ratio of 20-to-1), No Proxy Access provision, No ability to call a special meeting or act by written consent, No majority vote standard to elect directors, Classified Board structure, Bylaw amendments require a supermajority vote.",
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      "kind": "source-note",
      "text": "Source: ISS Report, Peloton Interactive, Inc., November 23, 2021",
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      "text": "Detailed breakdown of Governance, Environment, and Social sub-scores",
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      "kind": "title",
      "text": "PELOTON’S CORPORATE GOVERNANCE IS AMONG THE WORST IN AMERICA",
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