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  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 71 slides",
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  "notes": "Uses a lettered list (A-D) to categorize governance failures.",
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      "text": "Peloton’s Board has created a culture of poor corporate governance that limits accountability to shareholders",
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      "text": "A: Insiders continue to retain control through dual-class share structure; B: Executive Chairman John Foley is a distraction; C: Flawed CEO search process; D: Interconnected, unqualified legacy directors",
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