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  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 71 slides",
  "authorId": "blackwells-capital",
  "authorName": "Blackwells Capital",
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  "presentationDate": "2022-04-01 00:00:00",
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  "notes": "Uses a bar chart to highlight the outlier status of the CEO's pay compared to peers and percentile rankings to emphasize the extremity.",
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      "kind": "chart",
      "text": "Peloton Estimated Annualized CEO Compensation ($M) vs. Proxy Peers",
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      "text": "On an annualized basis, Mr. McCarthy is making nearly 10x more than he did as CFO of Spotify\nBlackwells questions whether Mr. McCarthy’s generous compensation package is the result of his longstanding and close relationship with the Chair of Peloton’s Compensation Committee, Jay Hoag, who appears to have played a key role in his hiring",
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      "text": "99th vs. Russell 3000, 98th vs. Russell 1000, 97th vs. Russell 1000 Growth",
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      "kind": "paragraph",
      "text": "On the day that Peloton announced that it was terminating approximately 2,800 employees as part of a “comprehensive program to reduce costs,” the Company made Barry McCarthy one of the highest-paid executives in the country",
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      "kind": "source-note",
      "text": "(1) Source: FactSet, Bloomberg and company filings. “Proxy Peers” are disclosed in the Company’s proxy statement filed on October 25, 2021. Note: CEO compensation data uses total CEO compensation from most recently reported fiscal year.",
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      "kind": "title",
      "text": "PELOTON’S NEW CEO HAS ONE OF THE COUNTRY’S MOST GENEROUS PAY PACKAGES",
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