01 September 2024

Not Enough Bullets

John Foley, the co-founder and former CEO of Peleton is saying he is broke following his firing by the exercise bike firm.

By broke, he means that he only has $225,000,000.00 in the bank. 

Oh, the horror:

John Foley, the co-founder and former CEO of Peloton, went from being a billionaire to being broke after he lost his job. Foley told the New York Post that he was forced to sell his homes and most of his belongings to make ends meet.

"You know, at one point, I had a lot of money on paper. Not actually [in the bank], unfortunately. I've lost all my money. I've had to sell almost everything in my life," Foley told the Post.

………

Foley was forced to step down as CEO in February 2022. Now, Foley, who was once worth nearly $2 billion, found himself with no job and $225 million in the bank.

He was forced to sell his $55 million East Hampton waterfront home and cut back on his and his family's expensive lifestyle.

To quote F. Scott Fitzgerald, "The rich are different from you and me."

Yes, they are.  They are more delusional, greedy and evil than the rest of us.

They are the worst of us.

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