You Searched For "John Foley" and got 20 results
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1 min read
Former billionaire John Foley says he lost all of his money and had to sell 'almost everything' after losing Peloton CEO job
John Foley, once a billionaire, says losing his job as the CEO of Peloton cost him dearly and he "h…
Sarah Jackson
2 mins read
Peloton co-founder John Foley launches business selling custom rugs directly to consumers
Several other Peloton alums, including two co-founders, are joining Foley in the venture, called Er…
Sarah Belle Lin
1 min read
Peloton's CEO steps down as the company cuts 15% of staff
Peloton CEO Barry McCarthy is stepping down, the fitness company announced on Thursday.
Grace Dean
1 min read
New Peloton CEO Barry McCarthy denies reports that angry laid-off staffers crashed and cut short an all-hands meeting where he was introduced
In an interview with The New York Times, McCarthy refuted reports that an internal meeting announci…
Sarah Jackson
1 min read
Peloton's new CEO explains the difference between his management style and that of his predecessor, John Foley: 'You'll never hear me say we're a family'
"I love John's strengths, but I'm running the company," new Peloton CEO Barry McCarthy told NYT's D…
Sarah Jackson
11 mins read
The rise and fall of Peloton, from pandemic-era success story to its stock hitting a record low
Peloton's CEO Barry McCarthy is out after two years as the stock hit a record low. The fitness bran…
Avery Hartmans
2 mins read
Outgoing Peloton CEO John Foley takes the blame for Peloton's crash: 'We own this. I own this.'
"We've made missteps along the way," Foley said in his final investor call as Peloton CEO on Tuesda…
Ben Gilbert
1 min read
Peloton is scrapping plans to build its own factory
The canceled factory is feeding into Peloton's plans to cut costs by around $800 million a year, in…
Grace Dean
2 mins read
Peloton cuts 2022 sales forecast at its apparel unit by a quarter to $150 million, a report says
Connected-fitness company Peloton slashed its sales forecast from $200 million to $150 million, per…
Grace Dean
3 mins read
Peloton CEO John Foley denies a production halt on bikes and treadmills in memo to entire company
Peloton CEO and founder John Foley sent an email to all staff denying — contrary to press reports —…
Kylie Robison
1 min read
Peloton CEO John Foley is stepping down and the company plans to cut about 2,800 jobs
Former Spotify CFO Barry McCarthy is set to replace Foley, the firm announced Tuesday. Foley, CEO s…
Grace Dean
1 min read
Peloton hires a former Amazon VP as CFO on a $1 million base salary to deal with its struggling finances
Peloton's new CFO Liz Coddington faces the daunting task of turning around Peloton's finances, whic…
Rosie Bradbury
1 min read
The activist investor behind the exit of Peloton's founder isn't happy with the company's changes so far, and says 'the best option is to sell'
Blackwells Capital called former CEO John Foley a "distraction" and said that Peloton has not addre…
Dominick Reuter
2 mins read
Peloton is still experiencing issues delivering orders of new bikes and treadmills, and outraged customers are turning to social media to lodge frustrated complaints
Peloton customers say deliveries of new bikes or treadmills aren't showing up or are repeatedly res…
Avery Hartmans
2 mins read
Peloton will now let some customers rent its pricey bikes for $60 to $100 a month — here's how it works
The rentals are much more affordable than Peloton's usual prices, which include at least $1,495 for…
Sarah Jackson
1 min read
New Peloton CEO describes what went wrong at the company: 'They spent money on things that they shouldn't have'
New Peloton CEO Barry McCarthy also told NYT's DealBook that the pandemic darling "got caught up in…
Sarah Jackson
1 min read
Dominick Reuter
2 mins read
Berkshire Hathaway and Adidas check every box as a potential Peloton buyer, according to the activist firm that pushed for CEO's resignation
In a 65-page presentation to the Peloton board, Blackwells Capital named 19 potential acquirers of …
Isabelle Lee
3 mins read
Meet Peloton's new CEO, an ex-Spotify exec taking the helm amid major cuts and investor pressure
The new CEO will oversee big job cuts and handle investor pressure on the embattled fitness company.
Meghan Morris
2 mins read
Peloton stock jumps 12% after CEO John Foley steps down and the company says it will slash 2,800 jobs
Peloton slashed full-year revenue guidance to $3.7 billion to $3.8 billion, down from a prior outlo…