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Whole Foods CEO goes back to blogging

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Whole Foods Market (NASDAQ: WFMI) CEO John Mackey nearly derailed his company's acquisition of Wild Oats with a series of blog entries and bizarre anonymous message board posting doing everything from trashing competitors to complimenting his own hairstyle.

The SEC opened an investigation that was recently closed without any action and now Mackey is back to blogging on the Whole Foods site. In a rambling post, Mackey explained the reasoning behind his postings and thanked his board of directors and the SEC for their support. He strongly denied that his postings critical of Wild Oats were designed to beat down that company's stock price, and also said that he had not intended to inflate this price of Whole Foods Market stock with his enthusiastic posts on that message board.

He added that "I wish to apologize to all the stakeholders of Whole Foods Market-customers, Team Members, investors, suppliers, and our communities."

Great. Now if he could just lower the prices so us poor folks could afford a 12 ounce bottle of organic carrot juice.

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Last updated: November 26, 2009: 09:52 AM

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