John Foley, the co-founder and previous main govt of Peloton Interactive confronted repeated margin phone calls on income he borrowed from his Peloton holdings ahead of he remaining the conditioning company’s board last thirty day period, according to persons familiar with the circumstance.
As Peloton’s shares slumped more than the earlier calendar year, Goldman Sachs Group requested Mr. Foley numerous instances to present contemporary money or extra collateral for personal loans the lender had extended to him, the people mentioned. The company’s share cost has fallen virtually 95% from its $160 peak in December 2020.
