Whole Foods CEO to Give up Title of Chairman
OPS_admin | Dec 26, 2009 | Comments 0
Whole Foods CEO to give up chairman title after activist shareholder calls for his replacement
The chief executive of organic supermarket chain Whole Foods Market Inc. is giving up his title of chairman, following years of petitioning by an activist shareholder to separate the two roles.
Co-founder and CEO John Mackey is voluntarily giving up his chairmanship, a position he’s held since the Austin, Texas, company’s inception in 1978, according to a Thursday filing with the Securities and Exchange Commission. Mackey will remain on the board.
Whole Foods said lead director John Elstrott will become chairman. His current position will be discontinued.
At Whole Foods’ annual shareholders meeting in March, CtW Investment Group, a shareholder activist group that works with union pension funds, unsuccessfully proposed that the CEO and chairman roles be separated. The grocer said it has been receiving these proposals for three years.
Full Story Whole Foods CEO to Give up Title of Chairman – ABC News.
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
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