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  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 71 slides",
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  "presentationDate": "2022-04-01 00:00:00",
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  "notes": "Uses a 'he said/she said' structure to highlight a contradiction between the Board's public statement and the CEO's private account.",
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      "kind": "callout",
      "text": "“McCarthy jumped to the top of the headhunters’ list when he was introduced to the board by TCV, one of the company’s earliest investors.”",
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      "text": "Barry McCarthy, Peloton’s new CEO, is a long-time business associate of Peloton director Jay Hoag... While the Company’s press release... stated that the Board ran a thorough succession planning process... media reports indicate that Jay Hoag and TCV effectively hand-picked Mr. McCarthy",
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      "text": "“It was a shotgun marriage. I was retired and just managing private investments and playing a lot of golf... I reached out to TCV and said: ‘Hey, Coach, put me in.’” – Barry McCarthy",
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      "text": "“Today’s leadership changes are the culmination of a succession planning process that the Board and John have worked on together over the last several months.” – Karen Boone",
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      "text": "(1) Source: Financial Times... (2) Source: Peloton Press Release... (3) Source: The New York Times...",
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      "text": "WE BELIEVE PELOTON’S SEARCH PROCESS WAS RUSHED AND DRIVEN BY INSIDERS",
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