Y’all need to remember that shareholders do not necessarily have a real connection to a public company. Many are in it for short-term investment, for example, trying to “play the market”.
Activists also may buy blocks of shares, and then use their stock position to influence company policy. That’s what seems to have happened here—with a strong union connection.
So the board—or at least most of it—may well still want your business. (I wonder if any one in the Whole Foods management or board knows anything about the Orthodox Christian customer group, however.) Perhaps conservatives and others opposed to the anti-American muslim communist obama and his clique of creeps need to play the same game as the union goons.
You are so right.
There is more to this story, though. The United Food and Commercial Workers Union has been trying for years to unionize WF. It hasn’t worked. The employees do not want to unionize.
The WSJ article opened the door for the “activists” to start spinning. This is a retaliatory move because of Whole Foods refusal to let in the union. It has nothing at all to do with healthcare.
Note that 99% of quotes from shareholder “activists” are from union employees or associated organizations. The drive bys are lazy. They speed dial the so called “activists” for quotes. It’s such a joke. People have no idea what goes on.