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Whole Foods CEO in trouble for web posts

Posted Jul 12th 2007 1:50PM by Bob Sassone
Filed under: Business, Stores & Shopping

Whole Foods Why would a company CEO go on a financial web site and post about his company under a pseudonym?

That's what the Federal Trade Commission is investigating. Whole Foods CEO John Mackey has admitted that it was he who posted under the name "Rahodeb" (an anagram of his wife's name) on Yahoo's financial boards. In fact, he didn't just post about finances and stocks in general, he specifically posted about rumors that Whole Foods might buy Wild Oats. This was in January of 2005. Whole Foods bought Wild Oats a few months ago for $565 million.

Or should I say, "might buy them." The FTC is trying to block the agreement and is using this new info for their case. Mackey insists he did nothing wrong since all of the stuff he talked about was public knowledge and harmless.

[via Boing Boing]

FTC trying to stop Whole Foods, Wild Oats merger

Posted Jun 6th 2007 8:18AM by Bob Sassone
Filed under: Business, Organic, Stores & Shopping

Whole Foods' plan to merge with Wild Oats Markets has just hit a snag.

The Federal Trade Commission is trying to stop the proposed merger, saying that if the two organic foods giants get together it would lead to higher prices and be bad for consumers. But Whole Foods chairman John P. Mackey says in a statement:

"The F.T.C. has failed to recognize the robust competition in the supermarket industry, which has grown more intense as competitors increase their offerings of natural, organic and fresh products; renovate their stores; and open stores with new banners and formats resembling Whole Foods Market."

Whole Foods had announced in February that they were going to buy Wild Oats Markets for $565 million.

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Whole Foods CEO in trouble for web posts

FTC trying to stop Whole Foods, Wild Oats merger

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