Thursday, 12 July 2007

Whole Foods CEO caught in scandal

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With Whole Foods in the process of buying competitor Wild Oats for more than half a billion bucks, it was quite distressing to see that the CEO of Whole Foods has been accused of being a finance forum lurker who used to routinely trash the company his is now buying.

Whole Foods CEO John Mackey is under investigation from the FTC for these practices, which will be examined in close detail very soon most likely. Why would a CEO trash a competitor while disguising himself? For stock profits? For some other financial reason?

This is an odd story, and since I buy quite a few things from Whole Foods these days, it's shameful to see the leader of this natural foods chain engage in such activity. More to come (I am sure).

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