https://www.wsj.com/articles/peloton-co-founder-john-foley-faced-repeated-margin-calls-from-goldman-sachs-as-stock-slumped-11665488908
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Goldman Sachs asked John Foley, the former CEO of the fitness-equipment maker, to provide fresh funds or additional collateral for personal loans the bank had extended to him. Leaving the board gives Foley flexibility to sell or pledge more Peloton shares.
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