Whole Foods Market Inc. CEO John Mackey apologized for his message board
postings, calling them an "error in judgment." Despite the omission, Whole
Foods' board of directors has announced that it will convene a new committee
to investigate the issue, and has retained law firm Munger, Tolles & Olson
LLP to assist in its investigation. Consider it a mutiny that could end with
Mackey walking the plank as
suggested
by BloggingStocks, which called the message board posts "monumental
stupidity." —Matthew Wurtzel
See
story from
Bloomberg
See story from The Wall Street Journal (subscription required)
See
post from BloggingStocks
See
post from Dealbreaker
See
Friday's post from Dealscape
See
related feature from TheDeal.com
See
John Mackey's official blog
Tags: Mackey,
Rahodeb,
Whole Foods,
acquisition,
m&a,
Securities
and Exchange Commission
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