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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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      "kind": "callout",
      "text": "Given the magnitude of Peloton's governance failures, we believe urgent action is needed to reconstitute the Board",
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      "text": "New independent directors with relevant skills should be added to the Board: M&A, Supply Chain Management, Logistics, Operations, Capital Allocation",
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      "text": "We believe the Board should immediately begin to search for new, fully independent directors with no prior ties to the current Board and management team. We urge the Board to insist on collapsing the dual-class structure to allow for “one share, one vote,” which we believe is a fundamental principle of good corporate governance and especially important at an underperforming company like Peloton. The Board should also revamp the Company’s executive compensation programs by introducing performance-based compensation triggers such that at least 50% of each executive’s compensation is performance-based",
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      "text": "PELOTON'S BOARD NEEDS TO BE RECONSTITUTED AND ITS GOVERNANCE ENHANCED",
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