{"id":382093,"date":"2021-12-17T00:40:16","date_gmt":"2021-12-16T21:40:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/peloton-ceo-john-foley-drops-55m-on-hamptons-compound-as-company-faces-increased-scrutiny\/"},"modified":"2021-12-17T00:40:16","modified_gmt":"2021-12-16T21:40:16","slug":"peloton-ceo-john-foley-drops-55m-on-hamptons-compound-as-company-faces-increased-scrutiny","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/peloton-ceo-john-foley-drops-55m-on-hamptons-compound-as-company-faces-increased-scrutiny\/","title":{"rendered":"#Peloton CEO John Foley drops $55M on Hamptons compound as company faces increased scrutiny"},"content":{"rendered":"<p>&#8220;<strong>#Peloton CEO John Foley drops $55M on Hamptons compound as company faces increased scrutiny<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Peloton chief executive John Foley has quietly snatched up a $55 million estate in East Hampton \u2014 even as employees of the exercise-bike company fret about their futures as its stock price tanks, The Post has learned.<\/p>\n<p>Foley\u2019s new 4-acre spread \u2014 which includes a 5-bedroom, 7-bath mansion designed by architect Francis Fleetwood that spans 6,100 square feet and straddles 400 feet of private oceanfront \u2014 got scooped up on Dec. 2, according to a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/CXT6EYyOeTT\/\">little-noticed Instagram post<\/a> by Catherin Juracich, a real estate agent at Douglas Elliman. <\/p>\n<p>Juracich didn\u2019t identify Foley as the buyer, but sources confirmed to The Post that the fitness tycoon bought the lavish compound above its asking price of $52.5 million. The spread at 442 Further Lane went on the market in September. <\/p>\n<p>Elliman declined to comment. When told about the sale, a current Peloton employee told The Post: \u201cI\u2019m dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointed, but somehow I\u2019m not surprised.\u201d<\/p>\n<p>The employee said that the value of their Peloton stock options has plummeted by 75 percent in 2021. Investors have soured on the stock as vaccines and loosening COVID-19 restrictions send fitness fanatics back to the gym. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-feat-image-1.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"john foley\" class=\"wp-image-20518166\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-feat-image-1.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-feat-image-1.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-feat-image-1.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Foley\u2019s new 4-acre spread straddles 400 feet of private oceanfront.<\/figcaption><figcaption><span class=\"credit\">Hedgerow Exclusive Properties<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-05.jpeg?quality=90&amp;strip=all&amp;w=1024\" alt=\"\" class=\"wp-image-20518407\" width=\"618\" height=\"411\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-05.jpeg?quality=90&amp;strip=all&amp;w=1233 1236w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-05.jpeg?quality=90&amp;strip=all&amp;w=925 927w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-05.jpeg?quality=90&amp;strip=all&amp;w=618 618w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-05.jpeg?quality=90&amp;strip=all&amp;w=308 309w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-05.jpeg?quality=90&amp;strip=all 1024w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\"\/><figcaption>The home, which sold for more than its listing price, sits on an expansive piece of land.<\/figcaption><figcaption><span class=\"credit\">Hedgerow Exclusive Properties<\/span><\/figcaption><\/figure>\n<p>With the company\u2019s share price tanking, the employee said some staffers are considering leaving the company \u2014 if they aren\u2019t laid off first. <\/p>\n<p>\u201cPeople to be honest with you now are worried about layoffs,\u201d the employee said. \u201cMorale is at an all-time low.\u201d <\/p>\n<p>Meanwhile, Peloton suffered another blow Thursday when it yanked advertisements tied to the Mr. Big character on \u201cAnd Just Like That\u201d after the actor Chris Noth <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pagesix.com\/2021\/12\/16\/satc-star-chris-noth-accused-of-sexual-assault-by-two-women\/?_ga=2.176396069.143179142.1639411712-23844092.1629834012\">was accused of sexual assault by two women<\/a>, according to a report, which Noth strongly denied. <\/p>\n<p>The character had died after riding a Peloton bike in the Sex and the City reboot, a plot line that sent the company\u2019s shares falling sharply.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-03.jpeg?quality=90&amp;strip=all&amp;w=1024\" alt=\"the pool at foleys home\" class=\"wp-image-20518183\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-03.jpeg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-03.jpeg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-03.jpeg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Famed Hamptons architect Francis Fleetwood designed the home.<\/figcaption><figcaption><span class=\"credit\">Hedgerow Exclusive Properties<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-04.jpeg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Peloton CEO view of ocean from patio.\" class=\"wp-image-20518453\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-04.jpeg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-04.jpeg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-04.jpeg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>An elevated patio offers ocean views on the sprawling compound in the Hamptons.<\/figcaption><figcaption><span class=\"credit\">Hedgerow Exclusive Properties<\/span><\/figcaption><\/figure>\n<p>But pandemonium at Peloton isn\u2019t stopping Foley from making real estate deals. <\/p>\n<p>Just last month, the CEO made headlines when he put <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/guestofaguest.com\/hamptons\/real-estate\/inside-peloton-founder-and-ceo-john-foleys-east-hampton-farmhouse\">another East Hampton retreat<\/a> up for sale \u2014 a 6-bedroom, 6,400-square-foot farm house at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.elliman.com\/newyork\/sales\/detail\/612-l-577-14_h362046\/12-koala-ln-northwest-woods-east-hampton-ny-11937\">12 Koala Lane<\/a> that sits on 2.2 acres \u2014 just a short drive away from the new place.<\/p>\n<p>His asking price: $4.5 million \u2014 less than a tenth of what he paid for his new beachfront pad. The Post was first to report Foley had listed the more modest home, which he bought in 2016 from investor Billy Macklowe, son of real-estate magnate Harry Macklowe. <\/p>\n<p>Over the summer, Foley also kept a yacht \u2014 complete with a multi-person staff \u2014 off the upscale 3 Mile Harbor marina, a source with direct knowledge told The Post. During the summer he used the yacht to ferry his family back and forth from the city.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"768\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-02.jpeg?quality=90&amp;strip=all&amp;w=1024\" alt=\"\" class=\"wp-image-20518488\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-02.jpeg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-02.jpeg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-02.jpeg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Along with the property comes 400 feet of private beachfront in the Hamptons.<\/figcaption><figcaption><span class=\"credit\">Hedgerow Exclusive Properties<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"780\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-08.jpg?quality=90&amp;strip=all&amp;w=780\" alt=\"\" class=\"wp-image-20518510\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-08.jpg?quality=90&amp;strip=all&amp;w=1560 1560w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-08.jpg?quality=90&amp;strip=all&amp;w=1170 1170w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-08.jpg?quality=90&amp;strip=all&amp;w=780 780w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-08.jpg?quality=90&amp;strip=all&amp;w=390 390w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-08.jpg?quality=90&amp;strip=all 1024w\" sizes=\"auto, (max-width: 780px) 100vw, 780px\"\/><figcaption>Peloton CEO John Foley has been criticized by some employees for his high living even as the company\u2019s stock price tanks.<\/figcaption><figcaption><span class=\"credit\">Getty Images for Vanity Fair<\/span><\/figcaption><\/figure>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> of Foley\u2019s high living in the Hamptons comes as Peloton shares have slid more than 70 percent so far this year. The company\u2019s shares stock finished 2020 at more than $150 per share and are now trading under $40 per share.<\/p>\n<p>Peloton on Thursday did not respond to requests from The Post for comment on behalf of the company or Foley.<\/p>\n<p>Some Peloton employees who joined the company in the months before Foley instituted a company-wide hiring freeze in November have strike prices on their stock options that are higher than the company\u2019s current share price, an employee told The Post. That means that the employees\u2019 stock options are useless because the cost of exercising them is higher than the shares would be worth. <\/p>\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-10.jpg?quality=90&amp;strip=all&amp;w=819\" alt=\"party\" class=\"wp-image-20518196\" width=\"295\" height=\"367\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-10.jpg?quality=90&amp;strip=all&amp;w=587 590w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-10.jpg?quality=90&amp;strip=all&amp;w=440 442w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-10.jpg?quality=90&amp;strip=all&amp;w=295 295w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-10.jpg?quality=90&amp;strip=all&amp;w=147 147w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-10.jpg?quality=90&amp;strip=all 1024w\" sizes=\"auto, (max-width: 295px) 100vw, 295px\"\/><figcaption>Foley hosted an opulent holiday party at New York\u2019s luxury Plaza Hotel on Dec. 8.<\/figcaption><figcaption><span class=\"credit\">Instagram \/ @fitxkendall<\/span><\/figcaption><\/figure>\n<\/div>\n<p>\u201cPeople have been working, giving their blood sweat and tears, and have nothing to sell,\u201d the employee said. \u201cTheir options are worthless. And here he\u2019s out buying a $55 million house.\u201d <\/p>\n<p>Adding insult to injury, most Peloton employees weren\u2019t invited to an opulent holiday party that Foley held at New York\u2019s luxury Plaza Hotel on Dec. 8. Just a group of Peloton instructors \u2014 not other employees \u2014 were invited to the event, even the company cancelled its annual Christmas party amid concerns about its future, according to a Peloton insider.\u00a0<\/p>\n<p>Foley talked about the party on Tuesday in a email to staffers obtained by The Post, telling staffers that it was an event \u201cfor our vaccinated family and friends to celebrate all NYC has been through over the past two years.\u201d The company also claimed that the money for the party came out of Foley\u2019s pocket. <\/p>\n<p>But as staffers continued to seethe, Foley did not address the issue during a copmany-wide question-and-answer session on Wednesday, according to a source who attended the meeting. <\/p>\n<p>\u201cThey can control the questions,\u201d the source said. \u201cSo nothing came up about that party whatsoever.\u201d\u00a0\n                        <\/p><\/div>\n<p><script async defer src=\"https:\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/12\/16\/peloton-ceo-john-foley-drops-55m-on-hamptons-compound-as-company-faces-increased-scrutiny\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Peloton CEO John Foley drops $55M on Hamptons compound as company faces increased scrutiny&#8221; Peloton chief executive John Foley has quietly snatched up a $55 million estate in East Hampton \u2014 even as employees of the exercise-bike company fret about their futures as its stock price tanks, The Post has learned. Foley\u2019s new 4-acre spread&#8230;<\/p>\n","protected":false},"author":1,"featured_media":382094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/john-foley-55million-hamptons-mansion-comp-1.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[121904,70971,70496,94359,72201,73020,70359,73037,70360],"class_list":["post-382093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-16-21","tag-billionaires","tag-celebrity-real-estate","tag-chris-noth","tag-peloton","tag-sex-and-the-city","tag-stocks","tag-the-hamptons","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/382093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=382093"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/382093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/382094"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=382093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=382093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=382093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}