When the world found out that John Mackey, the CEO of Whole Foods, was a sockpuppet
hyping his own stock on internet message boards under an assumed name, it was
clear that he should resign
immediately. Instead, the Whole Foods board formed
a Special Committee. And now, almost four months later, that Special Committee
has finally acted:
Whole Foods Market Inc.’s board, reacting to Internet postings by its chief
executive, amended the company’s code of business conduct last week to sharply
restrict online activities by the grocer’s officials.
The new code bars top executives and directors from posting messages about
Whole Foods, its competitors or vendors on Internet forums that aren’t sponsored
by the natural-foods chain.
Oh yes they did. They amended the company’s code of business conduct.
It seems that "Rahodeb" isn’t the only puppet here: the entire Whole
Foods board looks as though it’s dancing on the end of strings manipulated by
Mackey. Pathetic.