What is Digg?63 Comments
- rahodeb1, on 10/11/2007, -2/+19I don't know why you guys are complaining. Personally, I think he didn't do anything wrong.
On a totally different note, Whole Foods FTW!!!!1111!! - canewediggit, on 10/11/2007, -1/+14organic flame wars!
- drmobutu, on 10/11/2007, -3/+12That is some punk behavior, for a highly paid CEO of a publicly traded company.
I'm sure that the Whole Foods shareholders will insist that he forfeit his bonus this year. - krazikamikaze, on 10/11/2007, -1/+7This seems rather tame for the yahoo finance message boards. You should see the crap that gets posted in the AMD and Intel boards.
It's like http://www.penny-arcade.com/comic/2004/03/19 except when you add money to the equation it gets ten times worse. - Error601, on 10/11/2007, -1/+6You mean he got paid $1 in salary. Net worth change was probably a bit different.
- allaboutdatiki, on 10/11/2007, -2/+7Hate the CEO and his prices, love the store, their chicken salad, and their multigrain rolls.
- drmobutu, on 10/11/2007, -0/+4And, by God, he EARNED that dollar! He deserves to keep every penny.
No bonus or stock options, though. - NaziHatinChimp, on 10/11/2007, -1/+4I don't know what the ***** you are talking about but your a ***** idiot.
- BugMeNot2, on 10/11/2007, -0/+3You're insane. You'll kill us all if you go any deeper!
- Randinn, on 10/11/2007, -0/+3John Mackey, really, you were caught no point trying to lie here....
- whiledo, on 03/25/2009, -0/+3"WF needs ... decide who they're beholden to--the shareholder or the customer."
Actually, I'm pretty sure by law the answer to that is "shareholder." The only reason keeping the customer happy is to keep people shopping there, thus providing value for the shareholders. But there are plenty of ways to gently screw over customers and still turn a bigger profit, hence why every company does it all the time.
It's not FAIR, but it's the nature of a publicly traded company. - hellotyler, on 10/11/2007, -2/+5who cares ? no ***** people are going to support their own company and trash the competition...
I mean.. how is this news at all ? - jaw96, on 10/11/2007, -1/+4This situation is blown out of proportion and perspective. Have you ever wondered what would happen to Wild Oats if Mackey never wrote on Yahoo's boards? Nothing. Consumers don't care about what was written on esoteric finance boards, his postings never hurt Wild Oats bottom line. If anything his postings convinced no-nothing investors not to part their money to Wild Oats (this is a good thing.) Also, read Mackey's own blog (http://wholefoodsmarket.com/blogs/jm/) to understand his perspective on Wild Oats. Then (with the tv and computer off) make a judgment on Mackey.
- inactive, on 10/11/2007, -1/+3Mackey's up to his old tricks again. I used to work for that company prior to and after they went public. He had an 'understanding' with Charles Butt(yes, that's his name folks; let it sink in and let's move on), the CEO of H.E.B., which is the head honcho of the grocery food chains in the state of Texas. Mackey had 'agreed' not to build any larger Whole Foods in certain areas of the state, which Charles considered to be H.E.B. turf. Mackey then did it anyway. Mr. Butt's response? Make his own chain of gourmet, high-end food markets (Central Market) whose main goal was to slash prices to the point of market loss simply to eat at Whole Foods' profits in areas in Texas where Whole Foods thrived...oh, and to provide tasty gourmet foods, of course.(namely, Dallas, Houston, and Austin).
- noamsml, on 10/11/2007, -0/+2They sell their own brand of coke, but like everything, it costs mucho dineros. If you want good, cheap food you should go to Trader Joe's.
- GabrielS, on 10/11/2007, -1/+3He made $1 last year.
- RoboPimp3000, on 10/11/2007, -0/+2Who takes anonymous postings on the web seriously? It's not like thousands of people saw it and said "I better dump my stock in Wild Oats!" Seems like a non-issue to me.
- inactive, on 10/11/2007, -0/+2to be fair, it's usually just the CEO's of big companies that are like that. Lot's of CEO's of small companies are integral to their business's success.
- drmobutu, on 10/11/2007, -0/+2He's getting plenty of exposure for the company now, though. You can't buy press like that...
- MEbuDDy6, on 10/11/2007, -0/+2Is it me, or does whole foods seem a little $$$$? For god's sake, they don't even sell coke there!
- hellotyler, on 10/11/2007, -0/+2More like whole paychecks .BadumTsh.
- LastVisibleDog, on 10/11/2007, -1/+3The true underlying problem is big-business organic food is not about healthier living - it is about making money - lots of money.
- Rahodeb, on 10/11/2007, -1/+3Impostor
- noamsml, on 10/11/2007, -0/+2Jim Mackey? Is that you?
- Mikkle, on 10/11/2007, -0/+2This story was featured today on Marketplace.
You can listen to it here: http://marketplace.publicradio.org/shows/2007/07/12/PM200707122.html - redlemon, on 10/11/2007, -0/+1maybe it was his wife. or maybe he wanted to seem arab.
- nju0843, on 10/11/2007, -0/+1CEO's username on Yahoo! was 'rahodeb'???
You would think he would try be a little more creative with his username choice instead of poorly scrambling his wife's first name. - Rabbittt, on 10/11/2007, -0/+1If this is the worse thing the guy has done, BFD, he's just talking smack.. Like anyone reading this has never talked it up..
- generalloy, on 10/11/2007, -0/+1This is basically malicious on the side of the Bush administration. They infuse polit
When was hte last time they opposed anything anti-trust related, again?
http://slate.com/id/2167984/
"that the Bush administration is misusing the levers of government to punish political opponents. Now I think I've uncovered another sinister example of the administration using government lawyers to stick it to liberals. And this time, Bush is aiming for the belly!" - o2o2o2o2, on 10/11/2007, -0/+1How did he get caught? I dont get it.
The article said something about saying he posted under the fake name, but how did they know? Did he post from work and the IT guy making $10 an hour rat him out? Kinda funny if it was IT. These mega corps have tons of secrets and they trust it all to an intern in IT making slightly above minimum wage. - elleanee, on 10/11/2007, -5/+6WF has become another big, greedy, self-serving corporation, geared more toward pleasing wall street and its shareholders than its customers. I used to love that store and shop there almost exclusively. Ever since they opened their flagship store (80,000 sq ft) in Austin, they've been going downhill. They sell more produced sprayed with toxic pesticides than they do organic produce.
Their prepared foods have sugar added, their prices are outrageous, they're closing their smaller store up north to open up another gigantic store which is such an effort to shop at. Parking is a nightmare and it's quite an ordeal just to "run in" and buy one or two items. It's like going to disneyworld just to buy a souvenir from a store in the middle of the park. Ugh!
WF needs to check back with their mission statement and decide who they're beholden to--the shareholder or the customer. Get that friggin' sugar out of the prepared foods, and sell only organic produce.
What a bunch of pseudo-green goniffs! - generalloy, on 10/11/2007, -0/+1This is basically maliciousness on the part of the Bush administration. They infuse politics into everything (see US Attorneys scandal, PATRIOT Act clause that took Congress and courts out of US Attorney appointment and let Karl Rove choose them, the Surgeon General), etc.
When was the last time they opposed anything anti-trust related, again? AT&T?
http://slate.com/id/2167984/
"The U.S. attorney scandal has raised fears that the Bush administration is misusing the levers of government to punish political opponents. Now I think I've uncovered another sinister example of the administration using government lawyers to stick it to liberals. And this time, Bush is aiming for the belly!" - generalloy, on 10/11/2007, -0/+1Maybe cause the NSA spies on the whole internet with the help of the rejoined AT&T
- redlemon, on 10/11/2007, -1/+2i wonder how far diggs comments will go with this crazy pyramid. i will test! respond to this! anyone!
- inactive, on 10/11/2007, -0/+1Hehe, you said butt.
- quez, on 10/11/2007, -1/+2In the post-Enron age, I find it difficult to get worked up over what a CEO posted anonymously on the internet. Not a big deal. At all.
- diggbk, on 10/11/2007, -1/+2and the beautiful women who shop there
- rawtribe, on 10/11/2007, -0/+1Managed to screw both
http://finance.google.com/finance?q=WFMI - edebolt, on 10/11/2007, -1/+2I don't know why he bothered slamming W.O's. Its like shooting a dead horse. I lived in Boulder Colorado which is the birthplace of W.O.'s and when WF's came to town it was so clear which company was going to win. The local W.O's were like ghost towns because everyone was shopping at WF's. The had better prices and selection and much more interesting to shop in.
- inactive, on 10/11/2007, -0/+1goddamnit, i cant work this system out :
- viviwanu, on 10/11/2007, -0/+1I don't shop there because it's way over-priced anyway!
- Error601, on 10/11/2007, -3/+4Posting on a yahoo forum is a pretty weak basis for a reverse pump and dump claim. Not enough exposure nor enough people that would take it seriously to have any noticeable influence on the company.
- inactive, on 10/11/2007, -0/+1This ***** happens all the time, who cares?
For example, when you read book reviews on amazon, it's usually the author talking up his own stuff. - WilliamDavis, on 10/11/2007, -0/+1It sounds like that's what he was saying. I was expecting to come find this giant scandal, and I don't really see one.
If anything, this goes to show that it's hard to tell who you are talking to on the internet. The guy had a pretty good handle of what was going on in that business. - limericksavant, on 10/11/2007, -0/+1It remains to be seen, Savant notes,
The effect that it had on stock quotes;
But it's certainly tacky,
The way that John Mackey
Has chosen to so-so Wild Oats. - super_duper, on 10/11/2007, -1/+1They say the issue at hand here is that Mackey was possibly influencing stock prices. What he posted could have instilled some false ideas in investors and potential investors. Yahoo! Financial isn't like digg where it's just a bunch of nerds and geeks posting. It consists of business oriented people who are looking for advice about where to invest their money.
It is probably too far to say whether Mackey's childish behavior led to the bankruptcy of Wild Oats, but nonetheless, his actions were unethical. This is not how a Chief Executive Officer of a company should carry himself. - damniel, on 10/11/2007, -0/+0On the sugar thing, you need to remember that it is the health food market growth that did that, not necessarily the retailers. As the popularity of Whole Foods/Wild Oats increased, the need to "mainstream" these products became more important. Sugar is cheaper than rice, or fruit juice sweetened products, and as much as I agree with you, it probably tastes better to the average consumer. The entire health food market is not what it was 10-15 years ago. Look at The Hain Celestial Group. They own just about every major health food brand. I too wish there were alternatives to the sugary stuff that is pervasive in these stores, but I don't believe things will change unless there is a movement to support the small/local business model. Avoiding the big box stores and frequenting your local health food store/farmers market, promotes the market that produces the kind of food you want. Vote with your dollars, and buy local.
- Informacity, on 10/11/2007, -0/+0umm.....More produce with pesticides ...duh! Many Fruits and Veggies are not available in Organic without pesticides except local small farms...
Prepared Foods with sugar added..hmm at least its real sugar and NOT ultra refined. No one said the food was good for you, but it is Natural.
BTW , how is a big store getting away from their mission...All electricity is Wind Energy, As much produce and meats are as local as possible (but you like variety right, so maybe you should try finding a Natural Lychee by driving around).
So the store is big, they have amodel, and are providing the best service out there right now. So prices are high, don't shop there. Thats your choice, but don't bash someone because you hate making that choice. - rmxz, on 10/11/2007, -0/+0Before you say you hate the CEO - check some of his other interesting policies. If I recall, Whole Foods was the one company that lets every employee see the pay of all it's execs and middle management so noone feels cheated (not sure if that predated this CEO, tho). Does your company do that? Sure the CEO does some controversial stuff - but at least some of it makes me like them more than hate them.
- Informacity, on 10/11/2007, -0/+0over priced because you don't realize how much it costs to grow organic foods and transport them....Its not cheap, so if you can't afford it, it is a luxury. I'd be curious to see where you are buying your organics for much cheaper.....?
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