Flash: Whole Foods (WFMI) board finished probe, supports CEO

Posted Oct 5th 2007 7:08PM by Douglas McIntyre
Filed under: Whole Foods Market (WFMI)

Whole Foods (NASDAQ:WFMI) announced that the special committee of the Board of Directors of Whole Foods Market, Inc., assisted by its independent counsel, has completed its investigation into online financial message board postings related to Whole Foods Market and Wild Oats Market. The Board has reaffirmed its support of John Mackey, Chairman and CEO of Whole Foods Market, and the Whole Foods Market leadership team and has turned over its findings to the Securities and Exchange Commission. The Company and the Board intend to cooperate fully with the SEC in completing its related inquiry.

Douglas A. McIntyre is a partner at 24/7 Wall St.

Print this

Reader Comments (Page 1 of 1)

10-05-2007 @ 10:57PM

Als Capital said...

Finally some sanity in this process of CEO reviews. Congratulations to the Board and to the shareholders of Whole Foods.

http://mnrtrading.blogspot.com/

10-08-2007 @ 3:30PM

bob smith said...

I would be very much interested in whom on
the Board of Directors they appointed to
investigate Mackey's e-mails. There are several
members on the Board that are in Mackey's
pocket and if they were appointed Mackey
knew there would be a whitewash.