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Probably a worthwhile addendum that they had a "restructuring" in May, laying off 15% of their staff, ~400 people, and their CEO stepped down. They've yet to fi

Probably a worthwhile addendum that they had a "restructuring" in May, laying off 15% of their staff, ~400 people, and their CEO stepped down. They've yet to find a replacement CEO, still running under interim leadership.

eej71 2y ago
Perhaps when the current Sonos CEO is freed up, which might be quite soon, he can take on this one.
- xeromal 2y ago
  The starbucks CEO just freed up.
  - apercu 2y ago
    Yup, let's recycle CEO's because they worked at a place that people have heard of before. It'll bump the stock price for next quarter. lol. (You're not wrong)
    - playingalong 2y ago
      Yeah, let's recycle. But let them pay a re-initialization fee.
      - HeyLaughingBoy 2y ago
        Any CEO worth his salt will renegotiate that to let the shareholders pay the fee.
  - KennyBlanken 2y ago
    No he didn't...he just negotiated another huge increase in pay and weekly use of a corporate jet for a 1000 mile commute back and forth from SoCal to Seattle. Funny thing is, he just left Chipolte - where he got them to move their HQ from Denver to where he lives in SoCal.
    - xeromal 2y ago
      I'm talking about Laxman Narasimhan who was just axed from starbucks. https://en.wikipedia.org/wiki/Laxman_Narasimhan https://en.wikipedia.org/wiki/Laxman_Narasimhan He's now free for Peloton. It was a joke but now it's no longer fuuny. lol
awkward 2y ago
I remember seeing an activist investor powerpoint going after peloton in 2021. The thing that stuck with me the most is the CEO saying he would talk to the CTO maybe once every couple months.
- renewiltord 2y ago
  The Blackwells deck? It was highly entertaining, including the magical line "Hiring McKinsey is an admission of failure". https://blackwellscap.com/wp-content/uploads/2024/04/Peloton-A-Call-for-Action.pdf https://blackwellscap.com/wp-content/uploads/2024/04/Peloton...
  - awkward 2y ago
    That's the one. What a screed.
- geodel 2y ago
  Perhaps they talk when wheels of their Peloton bikes re-aligned.

eej71 2y ago

Perhaps when the current Sonos CEO is freed up, which might be quite soon, he can take on this one.

xeromal 2y ago
The starbucks CEO just freed up.
- apercu 2y ago
  Yup, let's recycle CEO's because they worked at a place that people have heard of before. It'll bump the stock price for next quarter. lol. (You're not wrong)
  - playingalong 2y ago
    Yeah, let's recycle. But let them pay a re-initialization fee.
    - HeyLaughingBoy 2y ago
      Any CEO worth his salt will renegotiate that to let the shareholders pay the fee.
- KennyBlanken 2y ago
  No he didn't...he just negotiated another huge increase in pay and weekly use of a corporate jet for a 1000 mile commute back and forth from SoCal to Seattle. Funny thing is, he just left Chipolte - where he got them to move their HQ from Denver to where he lives in SoCal.
  - xeromal 2y ago
    I'm talking about Laxman Narasimhan who was just axed from starbucks. https://en.wikipedia.org/wiki/Laxman_Narasimhan https://en.wikipedia.org/wiki/Laxman_Narasimhan He's now free for Peloton. It was a joke but now it's no longer fuuny. lol

awkward 2y ago

I remember seeing an activist investor powerpoint going after peloton in 2021. The thing that stuck with me the most is the CEO saying he would talk to the CTO maybe once every couple months.

renewiltord 2y ago
The Blackwells deck? It was highly entertaining, including the magical line "Hiring McKinsey is an admission of failure". https://blackwellscap.com/wp-content/uploads/2024/04/Peloton-A-Call-for-Action.pdf https://blackwellscap.com/wp-content/uploads/2024/04/Peloton...
- awkward 2y ago
  That's the one. What a screed.
geodel 2y ago
Perhaps they talk when wheels of their Peloton bikes re-aligned.