Market Corrections, Activists and Downrounds.

Boardroom Governance Newsletter #24 | February 9, 2022.

After the capital market highs of last year, including record-breaking numbers of IPOs, SPACs, M&A, VC, valuations, cryptocurrencies, etc., we finally seem to have reached a market correction, with a high degree of volatility.

In a sign of the times, John Foley, the co-founder & CEO of Peloton, announced yesterday that he was stepping down from his role as chief executive (but remaining as the executive chairman) after the company lost ~84% of its market value.