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CtW Investment Group Calls on Whole Foods Board to Remove Chair and CEO John Mackey
CtW Investment Group ^ | August 24, 2009 | William Patterson CtW Investment Group

Posted on 08/26/2009 5:22:29 PM PDT by lqcincinnatus

CtW Investment Group Calls on Whole Foods Board to Remove Chair and CEO John Mackey FOR IMMEDIATE RELEASE Tuesday, August 25, 2009

CONTACT: Per Olstad, (202) 721-6027

The CtW Investment Group called on the Whole Foods Market (NYSE:WFMI) board to remove CEO John Mackey as Chairman and to begin the process of naming a new CEO in a letter to Whole Foods’ lead independent director, Dr. John Elstrott, yesterday afternoon. Citing the risk to Whole Foods’ brand reputation caused by Mr. Mackey’s editorial opposing President Obama’s proposed healthcare reform, CtW urged the board to take immediate action to prevent continued damage in the face of a quickly-growing boycott by Whole Foods’ progressive customer base.

“Mr. Mackey attempted to capitalize on the brand reputation of Whole Foods to champion his personal political views, but has instead deeply offended a key segment of Whole Foods consumer base,” said CtW Investment Group Executive Director Bill Patterson. “This is not the first time Mr. Mackey’s unsanctioned communications have damaged Whole Foods’ image with consumers and investors. At a time when shareholders are looking for Whole Foods’ management to focus on improving operations in an uncertain economy, we can not afford the risk to our Company’s brand reputation caused by Mr. Mackey’s indiscretion. He has become a liability and the board should begin the process of identifying a suitable replacement.”

For comment, please contact Per Olstad at (202) 721-6027. For more information regarding the CtW Investment Group please go to www.ctwinvestmentgroup.com. The text of CtW’s letter follows:


TOPICS: News/Current Events
KEYWORDS: ceo; ctw; johnmacke; mackey; thugs; unions; wholefoods
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To: Talisker

Geez, and what exactly was Mr. Mackey’s “crime”? He listed out opinions of what should be done about healthcare. He didn’t swallow the Obama line, he has his own ideas to add to the debate. If I recall correctly, he was writing from the point of view of a business owner who has provided healthcare to employees, and talked about changes that could be made in our system.

so for this, the liberal radical types want to fire him????

This is reminding me of the termination of Larry Summers as president of Harvard University. Remember that incident, in which Larry Summers talked about the small numbers of women in certain science fields. He said that we could explore reasons why relatively few women enter certain fields. HE DIDN’T SAY THAT WOMEN SHOULD BE KEPT OUT OF THESE FIELDS. HE SAID THAT WE COULD EXPLORE THE REASONS. But for even saying anything about that subject, Mr. Summers was forced out. And he’s a good liberal; he worked in the Clinton administration and now works for Obama.

Yep, liberals can eat their own.

This whole incident makes me more likely to go to Whole Foods.


21 posted on 08/26/2009 5:33:16 PM PDT by Dilbert San Diego
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To: lqcincinnatus

Far left fascists appear to be much more demented than their far right counterparts. WT...the man wrote a letter... Those battery operated cars these nuts drive must be leaking something into their brains.

And Whole Foods can kiss my $$$$$$ goodbye!!!


22 posted on 08/26/2009 5:33:52 PM PDT by 444Flyer (Never give up, never give out, never give in.)
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To: lqcincinnatus

“While we respect Mr. Mackey’s First Amendment right”

No you don’t, you want to destroy his career, you stupid pricks!


23 posted on 08/26/2009 5:34:45 PM PDT by popdonnelly (Yes, we disagree - no, we won't shut up - no, we won't quit.)
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To: mewzilla
CtW gets around. From '07....

CtW Investment Group Calls on Beazer Homes to Remove CEO and Name Independent Chair

24 posted on 08/26/2009 5:35:41 PM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: lqcincinnatus

A simple way to show support:

Go to Whole Foods, buy a decent amount of goods. Write Mr. Mackey a nice letter telling him that you went there to support him, and also send him the receipt.

If enough do that, he’ll get the message and hold the line.


25 posted on 08/26/2009 5:36:00 PM PDT by BobL
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To: lqcincinnatus
They must be out of their little minds.

.

.

.

Sorry. I forgot that these were liberals that we were talking about.

26 posted on 08/26/2009 5:36:45 PM PDT by Harmless Teddy Bear (I miss the competent fiscal policy and flag waving patriotism of the Carter Administration)
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To: lqcincinnatus

Whole Foods Market Inc (WFMI)
29.52 Up+0.30 +1.03%
Open: 29.14 High: 29.88 Low: 28.83
Previous Close: 29.22 Volume: 3,212,355
After Hours: 29.52 unch Vol. 90,899
Eastern Time

Stock has been going up since Mr. Mackeys comment and they want to get rid of him...What’s up with that? Let them all go to Kennedy!


27 posted on 08/26/2009 5:36:53 PM PDT by blueyon (It is worth taking a stand even if you are standing alone!)
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To: mewzilla
Interesting website...

CtW Connect

28 posted on 08/26/2009 5:37:59 PM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: stephenjohnbanker

The few protesters at Whole Foods are overwhelmed by the crowds shopping there every day. If the leftist idiots purge Mackey, they may install a rabid ideologue who will ruin the business.


29 posted on 08/26/2009 5:38:39 PM PDT by ding_dong_daddy_from_dumas (Obama's multi- trillion dollar agenda would be a "man caused disaster")
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To: lqcincinnatus

Political correctness is running amock.


30 posted on 08/26/2009 5:38:42 PM PDT by Clintonfatigued (Liberal sacred cows make great hamburger)
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To: lqcincinnatus

Fascism is FUN. Let’s all bow to the Messiah and do not speaketh one’s differing opinion of the One.


31 posted on 08/26/2009 5:39:06 PM PDT by ilgipper
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To: lqcincinnatus

Does whole foods honor food stamps? If they don’t now and they get rid of Mackey, they better start because that is the market they will have.


32 posted on 08/26/2009 5:39:46 PM PDT by Toespi
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To: BobL
I would but the nearest store is over a hundred mile drive.

However I may be over that way sometime in the next month and I think I will do so.

I hope I don't catch cooties. :)

33 posted on 08/26/2009 5:39:51 PM PDT by Harmless Teddy Bear (I miss the competent fiscal policy and flag waving patriotism of the Carter Administration)
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To: mewzilla
From April...

AFL-CIO, CtW, NEA form National Labor Coordinating Committee

34 posted on 08/26/2009 5:40:04 PM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: mewzilla

Paging Glenn Beck...


35 posted on 08/26/2009 5:40:30 PM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: lqcincinnatus

I don’t shop there, but I’ll make it a point to never purchase anything from them, ever.


36 posted on 08/26/2009 5:40:46 PM PDT by wastedyears (Genesis, Sega CD and Saturn work, and my 360 red rings after 2 and a half years.)
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To: Dilbert San Diego
so for this, the liberal radical types want to fire him????

What part of mindless obedience to the group don't you understand?

Sheesh, we try and try with you, but you keep coming up with your own clear, rational, fair, insightful, decent thoughts.

Something's gotta be done about you. I'm calling Rahm.

And you can forget about any further invitations to the weekly meetings.

37 posted on 08/26/2009 5:40:53 PM PDT by Talisker (When you find a turtle on top of a fence post, you can be damn sure it didn't get there on it's own.)
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To: Talisker

Reminds me of that swimming pool in PA that canceled the membership of a black daycare center (as well as other groups due to crowding). The guy was an Obama supporter but the left ate him alive-LOL


38 posted on 08/26/2009 5:40:57 PM PDT by icwhatudo ("laws requiring compulsory abortion could be sustained under the existing Constitution"Obama Adviser)
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To: GeronL
"The radical left plays for keeps people."

"We haven’t even started yet."

You are correct.

Everyone Must Do Something Everyday.

39 posted on 08/26/2009 5:42:09 PM PDT by blam
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To: lqcincinnatus

How much of Whole Foods does CtW own? If any?

Sounds like another attempt by the unions to muscle people around, to me. I’m going shopping at Whole Foods tomorrow.


40 posted on 08/26/2009 5:43:06 PM PDT by RetroSexual
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