- New ETFs
- Bond ETFs
- Currency ETFs
- Emerging Market ETFs
- Commodity ETFs
- Broad U.S. Equity ETFs
- Sector ETFs
- Specialty ETFs
Whole Foods CEO Steps Down from Position
Recent Articles by N.J. Beachum
- Health-Care Reform Bill To Cost $940 Billion; Critical Vote Likely On Sunday
- Look To Semiconductor Stock In 2010 (AAPL, AMD, DELL, HPQ, INTC, NOK, QCOM, TXN)
- State Department Issues Yet Another Travel Advisory For Mexico
- Huge News for GM in 2010--Profit and Selling Public Shares?
- Blockbuster Shares Drastically Decline--Run from this Stock!
Company News
- Discover Financial Services (DFS) Maintains Outperform Rating
- ATNH Downgraded by Oppenheimer
- Credit Suisse On Guess: "Growth Stock With A Value Multiple" (GES)
- Corning (GLW) Upgraded
- TD Ameritrade Holding Corp. (AMTD) Maintains Market Perform Rating; Price Target Lowered
General
- Euro Collapses, Dollar Jumps, Markets Sleep. (NYSE:UUP), (NYSE:FXE), (NYSE:NKE), (NYSE:FDX)
- Health-Care Reform Bill To Cost $940 Billion; Critical Vote Likely On Sunday
- Look To Semiconductor Stock In 2010 (AAPL, AMD, DELL, HPQ, INTC, NOK, QCOM, TXN)
- Sports Team Ownership No Longer A Guaranteed Moneymaker
- Propping Continues As Shady Activity Seems To Ensure Market Does Not Fall. (NYSE:SPY), (NYSE:DIA)
Markets
- Discover Financial Services (DFS) Maintains Outperform Rating
- TD Ameritrade Holding Corp. (AMTD) Maintains Market Perform Rating; Price Target Lowered
- Euro Collapses, Dollar Jumps, Markets Sleep. (NYSE:UUP), (NYSE:FXE), (NYSE:NKE), (NYSE:FDX)
- Top 5 NASDAQ Stocks In The Services Sector With The Highest Cash (NWSA, AMZN, EBAY, COST, LCAPA)
- Top 5 NASDAQ Stocks In the Services Sector With The Highest 5-Y Earnings Estimates (CTCM, MPEL, RENT, KTOS, UAUA)
Life
Posted on 12/25/09 at 5:34pm by N.J. Beachum
The CEO for Whole Foods Market (NASDAQ: WFMI) is relinquishing his chairman title. John Mackey is not only the CEO but also the co-founder of this company. He also held the title of chairman since 1978.
After much petitioning by some of the shareholders, Mackey decided to voluntarily give up the title of "chairman" in an effort to keep peace and to appease the activist group. Taking his place will be John Elstrott, the current lead director. When Elstrott takes over as chairman, his previous position will be discontinued. Mackey will continue to be the company's CEO.
One reason for the group's disapproval of Mackey holding both positions is due to his editorial opposing Obama's proposed health care reform. Shareholders expressed belief that this decision inevitably damaged the company's reputation. The activist group believes Mackey misused the company in an effort to advance his personal political views.
For the full story refer to the AP story.
Bookmark/Search this post with:
Related Articles
- Flying Continental Airlines? Be Prepared to Pay for Food
- Court Upholds FCC Extension Of Content Access Rule (CMCSA) (DTV) (VZ)
- U.S. Probing Possible Agribusiness Antitrust Violations (MON) (DD)
- EADS Follows Northrop Grumman, Drops Out Of Tanker Contest (BA, NOC)
- JetBlue (JBLU) And Delta Air Lines (DAL) Seek Exemptions From Tarmac Rule
Today's Trading Ideas
There are 7 comments
Please note that comments may take up to one hour before they get published on the site. Please check back later to see your comments.
What a shame the John Mackie
by Anonymous on 12/25/09 5:11pm
What a shame the John Mackie felt the need to buckle under the pressure of the knuckle-dragging left, despite his well-respected results with health care for his own employees. Nevertheless, I'll continue shopping there unless and until I hear the stores disband their insurance program and opt for some yet to be named public option. And those of you who can't wait for me to pay for your heathcare, may you suffer the bites of a thousand fireants before you die.
Goodbye, John, your departure
by Anonymous on 12/25/09 10:43pm
Goodbye, John, your departure was long overdue.
Take you whole paycheck from and go.
So the company he founded no
by KansasGirl on 12/27/09 6:31pm
So the company he founded no longer desires his services? Sounds like something Chavez would do. This country is marching towards fascism at a breathless speed. God help America.
Buycott reverts to boycott.
by Karl25 on 12/27/09 6:39pm
Buycott reverts to boycott. Whole Paycheck lives ... for a while ... until we can surrender all our paycheck to OBOZO.
Well, I was driving 30 miles
by Robert Tulloch on 12/27/09 7:49pm
Well, I was driving 30 miles to AnnArbor to shop at whole foods but I guess that turns into a boycott. Screw the liberal swine.
Relish in your short minute in the sun. Obambi, the last black president, is a goner in 2012 or sooner. The congress in 2010.
We will never set foot in
by John & Carolyn on 12/27/09 11:35pm
We will never set foot in Whole Foods again. Facism has taken hold in this country and a neo-Hitler is living in our White House. Shame on Whole Foods for this bad decision.
The racially and politically
by Anonymous on 01/23/10 4:31pm
The racially and politically infused comments about many more companies are coming now that the supreme court has lifted the ban on corporate financing of issue ads. Further, anyone who believes we live in a fascist, speech-squelching country only needs to read these posts to see otherwise. Many on these posts serve as a vivid reminder that Bigotry is alive and well.
Post new comment
Receive Benzinga's Best 2010 Stock Idea!
