Peloton co-founder John Foley, who resigned as CEO of the company last month, appears to be seeking liquidity after selling off $50 million in stock and quietly seeking buyers for the $55 million Hamptons compound he purchased just months ago.Foley, who remains executive chairman at Peloton, sold the shares in a privately negotiated transaction to an investment firm backed by tech billionaire Michael Dell, a regulatory filing Wednesday showed. Last month, former and executive Barry McCarthy replaced Foley as CEO, but said that the co-founder would maintain an active role at Peloton despite criticism over a series of management missteps during the pandemic.
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