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Comment by lelandfe | Hacker News Reader

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.

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

The starbucks CEO just freed up.

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)

Yeah, let's recycle. But let them pay a re-initialization fee.

Any CEO worth his salt will renegotiate that to let the shareholders pay the fee.

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.

I'm talking about Laxman Narasimhan who was just axed from starbucks.

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

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.

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...

That's the one. What a screed.

Perhaps they talk when wheels of their Peloton bikes re-aligned.

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