Says Damage Caused by WSJ Op-Ed Shows Mackey is a 'Liability'
WASHINGTON, Aug. 25 /PRNewswire/ -- 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."
Tuesday, August 25, 2009
An absolute disgrace!
This is what the left has become, disagree with them and they will set out to destory you. This man did nothing wrong but offer an alternative to the disaster called Obamacare. I hope he fights these trolls...