1. NordicTrack CEO Scott Watterson Forced Out in Battle With Peloton

    NordicTrack CEO Scott Watterson Forced Out in Battle With Peloton

    The maker of NordicTrack exercise bikes and treadmills got a financial lifeline this month — but only after the struggling Peloton rival’s founder agreed to step down as chief executive, The Post has learned. Investors insisted that 66-year-old Scott Watterson — a hard-charging billionaire entrepreneur who founded the company in 1977 after doing a stint as a Mormon missionary in Asia...

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    1. It needed a fresh set of eyes and for someone to manage the business professionally.
    2. All that Mormon brotherhood vanished from the board.
    3. They were a big issue. They all stuck together and kept propping Scott up.
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