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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

click here to read article


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To: mewzilla
Okay, this is weird. From this link...

SEIU Capital Stewardship Program

SEIU Capital Stewardship Program offers corporate governance consulting and fund management services to private and public pension funds. It provides investment, shareholder activism, and fiduciary advisory services. SEIU Capital Stewardship Program, formerly known as CtW Investment Group, was founded in 2006 and is based in Washington, District of Columbia.

Which is it?

41 posted on 08/26/2009 5:43:42 PM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: MediaMole

Uh, I think you are way off on that. Maximizing shareholder value requires also looking at the long term value, noting the present day value of decisions that affect the long term. The company should go with what makes the most sense over time, and that is how shareholder value is maximized.


42 posted on 08/26/2009 5:45:47 PM PDT by ConservativeMind (Liberals have no integrity, character, or shame.)
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To: mewzilla
Thanks for posting that link.

I can't help wondering how "socialized medicine" helps these unions. Wouldn't the union members be worse off, compared to their current situation?

43 posted on 08/26/2009 5:46:44 PM PDT by HoosierHawk (www.firstsundaymusic.com)
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To: lqcincinnatus

Oh, HELL no. They do that, they’re really gonna make me angry...


44 posted on 08/26/2009 5:46:48 PM PDT by musicbymuzak
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To: RetroSexual
Whole Foods From yahoo finance
45 posted on 08/26/2009 5:46:54 PM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: ding_dong_daddy_from_dumas

“If the leftist idiots purge Mackey, they may install a rabid ideologue who will ruin the business.”

That is what the leftist idiots are up to, and they will indeed destroy the business.


46 posted on 08/26/2009 5:49:02 PM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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To: mewzilla

LOL! Mackey has a million plus shares? He should quit and cash them all in tomorrow. Look out below, Whole Foods, LOL!

Love it. :)


47 posted on 08/26/2009 5:49:14 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: popdonnelly

Who We Are

Founded in February 2006, the CtW Investment Group works with pension funds sponsored by unions affiliated with Change to Win, a federation of unions representing nearly 6 million members, to enhance long-term shareholder returns through active ownership. Members of CtW affiliates participate in Taft-Hartley plans with an estimated $217 billion in assets.

http://www.ctwinvestmentgroup.com/index.php?id=1


48 posted on 08/26/2009 5:49:30 PM PDT by Vn_survivor_67-68 (CALL CONGRESSCRITTERS TOLL-FREE @ 1-800-965-4701)
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To: lqcincinnatus

Whole Foods customers have reacted with outrage: at least 26,000 have now joined a Whole Foods Boycott page on Facebook.

++++++++++++
http://www.facebook.com/group.php?gid=116527991450&ref=search&sid=713098340.3652166600..1

I would suggest joining this group on Facebook! There are now 3,500 members - let’s see if we can’t counter the other group!!

In any case, it’s unbelievable to see what one op-ed piece, that really very sensible can do to the leftist clowns!


49 posted on 08/26/2009 5:52:08 PM PDT by SeattleBruce (God, Family, Church, Country & the Tea Party! Take America Back! (Objective media? Try TRAITORS.))
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To: mewzilla

Doesn’t seem to be hurting them a bit!

http://finance.yahoo.com/echarts?s=WFMI#symbol=WFMI;range=3m


50 posted on 08/26/2009 5:53:55 PM PDT by SeattleBruce (God, Family, Church, Country & the Tea Party! Take America Back! (Objective media? Try TRAITORS.))
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To: VisualizeSmallerGovernment

LOL! My nomination for post-of-the-day.


51 posted on 08/26/2009 5:54:00 PM PDT by Freedom_Fighter_2001 (Kill the Healthcare Bill before it kills you!)
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To: Vn_survivor_67-68
The CtW Investment Group, therefore, develops strategies and initiatives to support efforts by trustees and their pension funds to be responsible active owners. For the 2008 proxy season, for example, we will be opposing the re-election of corporate directors who bear central responsibility for the mortgage market meltdown.

I'd like to see who they think that might be.

52 posted on 08/26/2009 5:55:09 PM PDT by csvset
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To: mewzilla

Must be the shell game again. Acorn can’t be far behind.


53 posted on 08/26/2009 5:56:22 PM PDT by swheats (Time is the greatest equalizer. This isn't a Godless society yet. Be fruitful and multiply.)
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To: lqcincinnatus

From the CtW Investment Group websit:

“Founded in February 2006, the CtW Investment Group works with pension funds sponsored by unions affiliated with Change to Win, a federation of unions representing nearly 6 million members,”

This seems like a “non-investment” company. They specifically disclaim being a “fiduciary” yet boast that they “work with” pension funds. It’s unclear from their website just what they do.

Seems to me that they are corporate level “Community Organizers” I wouldn’t be surprised to find out that they organized the fake outrage over Mackey’s article, which was rather thoughtful and clearly well intended.

I’m really not a Whole Foods fan even though I live in Austin and have many friends and associates in common with Mackey; but the idea that he’s putting the company at risk by contrasting the merits and success of his corporate health care plan vs. the failures of government controlled health care is blazingly stupid.


54 posted on 08/26/2009 5:56:26 PM PDT by crescen7 (game on)
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To: RetroSexual
"How much of Whole Foods does CtW own? If any?"

They need to buy back what CtW Investment Group owns in stock, and tell'em to cram it!

Mackey treats his employees unbelievably, benefits & Comp. In the mean time, Mackey take $1.00/year salary and a bonus based on profitability and budget (spending performance).

If this happens, I see a major lawsuit(s) (from their shareholders & maybe a employee class action) coming at Whole Foods for Corporate Malfeasance.

55 posted on 08/26/2009 5:56:35 PM PDT by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
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To: mewzilla

I hope all the unions go bust.


56 posted on 08/26/2009 5:57:47 PM PDT by jersey117
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To: omega4179

and Obama stickers on most of those cars....


57 posted on 08/26/2009 5:58:49 PM PDT by OregonTide
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To: Vn_survivor_67-68

They represent a federation of unions. Very credible...


58 posted on 08/26/2009 5:59:35 PM PDT by ItisaReligionofPeace
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To: lqcincinnatus

It would be such a shame if they fire this CEO and I can no longer shop at Whole Paycheck. That means I’ll have to go to Sprouts Market and buy the exact same avocados for 88 cents each that I could have bought at Whole Paycheck for $1.69.


59 posted on 08/26/2009 6:02:20 PM PDT by ponygirl
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To: mewzilla

So, I’m seeing no involvement at all. Why should they care what CtW thinks?


60 posted on 08/26/2009 6:03:41 PM PDT by RetroSexual
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