Description: Peloton on Monday announced the resignations of two of the company’s founders and another top executive, marking the end of an era for the struggling fitness-equipment company as CEO Barry McCarthy dramatically reshapes the business.
Source: CNBC.com – video report
Date: Sep 13, 2022
Questions for discussion:
- What has happened at the firm that explains the restructuring of management?
- What are the challenges facing the top managers?
- What has the company done so far to mitigate the damage done to the brand and stock value?
- What would you advise management do at this time?
- Would you be an investor?