The fall of Peloton's John Foley and the stock market's big founder problem

  • 📰 CNBC
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

The departure of Peloton founder John Foley as the company's CEO raises a question the market has struggled to answer: when should a founder step aside?

Peloton founder John Foley stepped down from his CEO role on Feb. 8 following a tumultuous period for the connected fitness company.

"We know how to grow and stick the landings on what we tell the Street, what we tell our board and our investors [about] how we're going to grow," Foley said in that Nov. 5, 2019 interview.from what Foley said on the company's second-quarter fiscal 2022 conference call on Feb.

Jeffrey Sonnenfeld, senior associate dean for leadership studies at Yale School of Management, said that 20 to 30 years ago, the trend from many venture capitalists would be to push out founding management at a critical change in the life stage of a company, "then the quote-unquote 'professional management' came in," he said.

"Preparing for growth takes courage at all phases," Sood wrote. "In the beginning, entrepreneurs often risk everything to start companies because they believe in a new or different vision. They often face seemingly insurmountable obstacles. It takes a great deal of insight to recognize when an emerging growth company needs to pivot or change direction as it grows.""There's a lot of talk about the importance of a company being 'founder-led.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Earn 50$ in bitcoin when you join Celsius network with my referral: 141169a897 celsius celsiusnetwork cryptocurrency Crypto bitcoin ToTheMoon blockchain ETH Ethereum altcoin altcoinseason CryptoNews BTC

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Inside The Numbers: Manfred Claims Investing In Stock Market Better Than Return On MLB Club SalesMLB commissioner Rob Manfred addressed the media at the conclusion of the owners' meetings around the lockout. As part of comments to the media, he claimed owners would get a better value investing in the stock market than club purchases.
Источник: Forbes - 🏆 394. / 53 Прочитайте больше »