It's old news, and if it was produce, it wouldn't be on the shelf anymore, but I've been busy and am playing catchup.
NY Post: FIRM ASKS MACKEY TO LOG OUT
In a letter sent to Whole Foods' lead independent director, CtW Investment Group urged the board to name an independent chairman immediately to rebuild trust with government regulators and shareholders in the wake of the scandal.
CtW, a branch of labor union coalition Change to Win, whose members own about 900,000 Whole Foods shares, applauded the board's decision to appoint a special committee to look into Mackey's shenanigans.
But the group urged the company to go further to see if he's fit to remain as CEO.
Needless to say, this topic has already been bludgeoned all over the Flogosphere in my absence, but let me just say that it's good to be right. I commented earlier (as a member in good standing of the Commentariat) that Mackey will likely get the sack, and it feels like events are moving in that direction.
NY Post: FIRM ASKS MACKEY TO LOG OUT
In a letter sent to Whole Foods' lead independent director, CtW Investment Group urged the board to name an independent chairman immediately to rebuild trust with government regulators and shareholders in the wake of the scandal.
CtW, a branch of labor union coalition Change to Win, whose members own about 900,000 Whole Foods shares, applauded the board's decision to appoint a special committee to look into Mackey's shenanigans.
But the group urged the company to go further to see if he's fit to remain as CEO.
Needless to say, this topic has already been bludgeoned all over the Flogosphere in my absence, but let me just say that it's good to be right. I commented earlier (as a member in good standing of the Commentariat) that Mackey will likely get the sack, and it feels like events are moving in that direction.
Really, what else is there to say? He did it. He said that he did it. He's cast a serious cloud over the perception that he can make good decisions. We've already been through the pitiful attempt at spin control, followed by the equally pitiful insincere apology. We're all pretty much hanging around waiting for the Endgame at this point.
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