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« Politics on the Web in Japan. | Main | The world's blandest beer, gets even blander! »

Jul17
Whole Foods deals in Whole Boloney!

One of the first things you should learn when you blog, is that your sins will find you out. Which is why I'm not surprised to read that John Mackey, the weirdly eccentric chief executive of the worlds most expensive grocery chain Whole Foods Market, has been exposed, by the Wall Street Journal for posting comments on Yahoo Finance message boards unashamedly cheerleading himself and his company, not to mention bashing competitor Wild Oats. And he's been doing this for eight years, which is plenty of time for him to have possibly boosted Whole Foods' stock price and drive down Wild Oats' enough so that his company could take it over, in a deal that's now drawing scrutiny from the government. Illegal? Who knows. Arrogant, narcissistic, foolish, and compulsive? Absolutely! Mackey's cheerleading, under the moniker "Rahodeb," for Whole Foods was unconstrained guaranteeing amongst other things that the company would soon be an $800 a share sock, when in fact it fell nearly 50%. He also liked to post about himself with such gems as... "I like Mackey's haircut. I think he looks cute!" And... "While I'm not a 'Mackey groupie, I do admire what the man has accomplished." Wow... How weird is that?

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