Family Matters: In-House Leaders Who Work With Their Daughters
Similar to Uber, Peloton's recent IPO filing shows the chief legal officer's daughter works at the fitness company.
August 28, 2019 at 03:23 PM
3 minute read
Peloton Interactive cycling. Credit: YouTube.
When Peloton Interactive Inc. filed for its initial public offering on Tuesday, the fitness company revealed that its chief legal officer, secretary and co-founder, Hisao Kushi, has something in common with the top lawyer for Uber Technologies Inc.
Both Kushi and Uber CLO Tony West work with their daughters. Kushi's daughter, Kate Kushi, has served as Peloton's brand marketing campaign coordinator since August 2018, according to an IPO prospectus that the New York-based company filed on Tuesday.
In April, when Uber filed its IPO prospectus, the company notified the U.S. Securities and Exchange Commission that West's daughter, Meena Harris, works for the company. She has served since 2017 as head of strategy and leadership for Uber at its headquarters in San Francisco, according to her LinkedIn profile.
A spokesman for Uber referred to the SEC filing when asked for comment and also noted that Harris works in a separate division from the legal department. An attempt to speak with a Peloton representative was not immediately successful.
While Harris and Kate Kushi both have in-house leaders for fathers, their paychecks aren't quite the same.
According to Uber's SEC filing, Harris has a salary that is "between $110,000 and $210,000," and she was awarded an equity grant that was "initially valued between $400,000 and $500,000″ and vests over four years.
Harris, the niece of presidential hopeful and U.S. Sen. Kamala Harris, is a Harvard Law School grad who previously served as an attorney at Covington & Burling and as senior policy manager for Slack Technologies Inc.
Kate Kushi brings home an annual base salary of $56,934, along with unspecified equity compensation, according to Peloton's paperwork. She joined the company in 2014 as an intern while attending New York University, where she studied philosophy. She graduated last year.
Peloton told the SEC that "Ms. Kushi's compensation was based on reference to external market practice of similar positions or internal pay equity when compared to the compensation paid to employees in similar positions who were not related to our chief legal officer and secretary."
The company added that she "was also eligible for equity awards on the same general terms and conditions as applicable to employees in similar positions who were not related to our chief legal officer and secretary."
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