Brad Stewart’s Post

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Exec Chair @Pushpay | Senior Advisor @Sixth Street | Former CEO @XO, Fair.com | Alum @McKinsey, TPG

Turnarounds are so incredibly challenging. Success requires: 1) deeply understanding the market and true range of outcomes, 2) great strategy / decision making and 3) execution. Investor disappointment often comes from unrealistic expectations re: market demand. Management must be intellectually honest...and have the courage to explain what is...and the so what. And sooner and simpler is better. #peloton #turnarounds #valuecreation #alpha #strategy #wsj

Peloton CEO Barry McCarthy to Step Down Amid Fresh Layoffs

Peloton CEO Barry McCarthy to Step Down Amid Fresh Layoffs

wsj.com

It was completely predictable that demand would plummet post-pandemic. Seems odd that the company leadership didn’t do more to properly prepare for that likely outcome.

Tough to see a company with such a great product struggling - especially from such disastrous past business decisions. I thought Barry did all he could to get the business back on firm footing - let’s hope it’s enough for them to survive.

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