The Deal
Saturday, November 21, 
10:00 pm

Whole Foods muzzles Mackey

  Share     E-Mail    Discussion    Print Story

After the revelation in July that Whole Foods Market Inc. CEO John Mackey had posted comments on Internet bulletin boards, which prompted an SEC investigation and media hoopla, the retailer's board of directors recently issued a new policy explicitly forbidding top executives and directors from posting on online forums about the company, its vendors or its competitors, according to an SEC filing.

Continue reading below

Also on Dealscape

The only exceptions are Whole Foods-sponsored sites like Mackey's corporate blog, which has been on hold since news broke that he had posted comments on Yahoo! Finance boards as Rahodeb. Hopefully, with the new policy in place, the board will free Mackey's blog, so we can learn more about his hairstyle, one of Rahodeb's favorite topics. — Matthew Wurtzel

See story from The Wall Street Journal
See Mackey's blog
Dealscape: Whole Foods clears wacky Mackey
Dealscape: Whole Foods' board mutinies over Mackey





Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.