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The Latest Breaking News from John Foley

Peloton's former billionaire CEO says he’s lost all his money

“At one point I had a lot of money on paper,” says Peloton’s ex-CEO John Foley.

Fortune

Peloton has lost top instructors, adding pressure on the fallen fitness unicorn, but most are staying on

Earlier this month, popular instructors Kristin McGee, Kendall Toole, and Ross Rayburn announced they were leaving.

Fortune

Promoting your CEO to executive chair can be a big mistake. So why are so many companies doing it?

Disney's bumpy ride under Bob Iger and Bob Chapek shows the downsides of moving a veteran CEO into the chairman's position.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Peloton's former CFO takes on a new role at data-driven startup Alation

Jill Woodworth’s first role as a finance chief was at Peloton.

Fortune

Why some fitness programs feel religious

From Crossfit to Peloton, there's a reason why these fitness regimes inspire such faithful devotees

Salon

Making sweat feel spiritual didn't start with SoulCycle – a religion scholar explains

Each January, Americans collectively atone for yet another celebratory season of indulgence. Some proclaim sobriety for “Dry January.” Others use the dawn of a new year to focus on other forms of self-improvement, like taking up meditation or a new skin care routine. But adopting a new fitness plan is…

The Conversation

These are the stocks that kept investors up at night in 2022

It’s been a year of historic selloffs for U.S. equities.

Tribune News Service

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The former CEO of fitness bike maker Peloton will now be selling rugs

The cofounder and former CEO of Peloton is all set to launch his new venture making custom-fitted rugs.

Fortune

Stock Market Losses Worsen, Dow Jones Off 900 Points

The major stock market indexes losses mounted in the noon hour of trading on Tuesday, and were at the lows of the day. The stock market punished investors on higher-than-expected August CPI (consumer price index) inflation results. The Nasdaq dropped 4%, leading the losses. The S&P 500 lost 3.2%. The…

Investors Business Daily

Peloton Shares Drop As Co-Founders Step Down From Roles At Embattled Connected Fitness Company

Peloton Interactive Inc (NASDAQ: PTON) shares were trading lower in Monday's after-hours session after the company announced that co-founders John Foley and Hisao Kushi will step down from their roles at the connected fitness company.<

Benzinga

Who’s in and who’s out as tally of FTSE 100 CEO departures grows

Run of FTSE 100 CEOs announcing departures in 2022 reaches 17

Evening Standard

Peloton Backpedals in Right Direction

Peloton Interactive Inc built its business to delight its custo-mers. Now it must do the same for its shareholders.

Bangkok Post

James Foley’s Mother, Brother Testify at Trial of ISIS ‘Beatle’

The mother of slain American journalist James Foley said Monday at the trial of one of his alleged ISIS captors that she initially hoped reports her son had been executed were "some cruel joke." "I didn't want to believe it," Diane Foley testified at the trial of El Shafee Elsheikh,…

Asharq Al-Awsat

M&G boss John Foley on Ukraine crisis: ‘It’s a new shade of bad’

The boss of one of London’s biggest fund managers said today’s crisis has no point of comparison with other recent disasters.

Evening Standard

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Financial Times

Inside Peloton’s epic run of bungled calls and bad luck

It was a darling with investors and customers. What went wrong?

Daily Record

Sorrow and happy memories as John the lollipop man - once the UK's favourite - dies

Headmaster pays tribute to the school crossing patroller who ditched fire fighting to get kids safely across the road

inkl Originals

The Weekly Wrap for Saturday, 12 February 2022

This week we visit two Asian countries gearing up for election season, and cover shaman scandals in South Korea, and the same-old story in the Philippines.

Axios

Peloton is bracing to go it alone

Peloton seems poised to tune out reports of activists and potential acquirers.

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news in one place.

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Wales Online

Peloton boss John Foley steps down as firm cuts 2,800 jobs amid post-lockdown sales slump

Sales of the bikes soared during Covid lockdowns but the firm's value has plummeted after the return to gyms

The Independent UK

Peloton lays off 2,800 workers and offers them one-year subscription as severance

‘The Peloton monthly membership will be complimentary for impacted team members for an additional 12 months,’ outgoing CEO John Foley told employees

Benzinga

Why This Peloton Analyst Thinks John Foley's Exit Increases The Possibility Of A Sale

Peloton Interactive, Inc. (NASDAQ: PTON) announced a leadership transition on Tuesday, along with restructuring measures as it grapples with slowing growth in a post-pandemic economy.

Benzinga

Peloton Q2 Earnings Highlights: Revenue Miss, CEO Transition, Restructuring Plan And More

Connected fitness company Peloton Interactive (NASDAQ: PTON) reported second quarter financial results before market open Tuesday. The company also announced several management changes. Here are the key details.

The Guardian - US

Peloton to replace chief executive and cut 2,800 jobs amid sales slump

Barry McCarthy to replace co-founder John Foley in top role after company’s sales dropped from pandemic’s early days

Benzinga

Peloton Interactive CEO John Foley to Step Down: Report

Peloton Interactive Inc's (NASDAQ:PTON) co-founder John Foley is stepping down as CEO and will become executive chair, The Wall Street Journal reported. Barry McCarthy, the former chief financial officer of Spotify Technology SA (NYSE:SPOT) and Netflix Inc (NASDAQ:NFLX), will become CEO and president and join Peloton's board. Peloton also plans to cut 2,800 jobs to cope…

Axios

Peloton CEO John Foley stepping down to become executive chair

The exercise bike maker also plans to cut about 2,800 jobs, which represents about 20% of its corporate workforce.

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