101–110 of 280 posts
From past experience with similar attitudes towards fancy gyms, fitness products and basically anything catering to the rich, hot and fit, I can only think of one cause: ressentiment.
I get the impression they don't like the CEO very much. That was an impressively brutal attack on him, with probably the worst damage inflicted by the CEO's own statements. Blackwells is obviously not a neutral party here, there's a reason they created this thing. But on first glance it looks like a pretty solid argument that the management at Peleton is seriously flawed. I don't really buy the arguments on why Pelet…
> Q: Is there anything about being CEO that you don’t like, that you like to delegate? > A: Finance. Our CFO does 99% of finance. I engage because I want to know how we’re doing. But to say I don’t add value to her operation is an understatement. You can also say the same with technology. Our CTO doesn’t get any help from me. I’ll go sometimes months without talking to our CTO, which as a CEO of a technology company,…
As someone who's been a CTO at times in the past, I wish I'd worked with a CEO like that. There are few things worse than having a leadership team who don't trust you to deliver the tech that drives the company's ideas.
Earlier quoted context omitted.
As someone who's been a CTO at times in the past, I wish I'd worked with a CEO like that. There are few things worse than having a leadership team who don't trust you to deliver the tech that drives the company's ideas.
Of course overly managing the CTO is also bad, but would you really like to "go sometimes months" without talking to the CEO? Especially during a pandemic in which your product becomes the hot new thing?
> Q: Is there anything about being CEO that you don’t like, that you like to delegate? > A: Finance. Our CFO does 99% of finance. I engage because I want to know how we’re doing. But to say I don’t add value to her operation is an understatement. You can also say the same with technology. Our CTO doesn’t get any help from me. I’ll go sometimes months without talking to our CTO, which as a CEO of a technology company,…
I can't tell if this is just humility / delegation coming off poorly or an actual disengaged CEO. I also think it can be helpful to self-deprecate a bit as a leader but I'm not sure why all these statements got published in public.
If you have a fantastic CFO, that's great. Just say that. "I'm very confident in person X." or "We have a great team who's been doing a great job." Things like that.
You don't say: "I don't add any value." That makes you sound like an empty suit.
Also the "I haven't talked to my CTO in months" sounds really bad. How the eff are you planning new product launches? Shouldn't the CEO at least be aware of any ongoing issues with current products? Talk about the plan to reduce hosting costs? Anything? WTF
Earlier quoted context omitted.
One might ask, if the CEO does 1% of finance, and 0% of technology, what does a CEO do? Office, HR, comms management?
The main job of the CEO is to manage the board of directors (i.e. the shareholders). And the main job of the board of directors is to decide when to fire the CEO.
Uh, no. Dealing with the board is indeed part of the job for the CEO, but a relatively small part unless you're doing poorly.
The CEO is also managing the direction of the company, and managing the top-level managers of the various departments. The CEO has to fight the fires, and allocate limited resources to where they are needed across all departments.
I get the impression they don't like the CEO very much. That was an impressively brutal attack on him, with probably the worst damage inflicted by the CEO's own statements. Blackwells is obviously not a neutral party here, there's a reason they created this thing. But on first glance it looks like a pretty solid argument that the management at Peleton is seriously flawed. I don't really buy the arguments on why Pelet…
A lot of really good talkers make it up the ranks and those are the ones you will speak to.
It takes a equally skilled but rarer archetype to navigate through the BS.
My point is: it’s a lot harder to find problems than you think. You find out the truth after close.
Open question. How easy would it be for Apple to build a Peloton competitor from scratch? Are there any real barriers to entry?