No action in Whole Foods probe
From Bloomberg News
Whole Foods Market Inc. said Friday that Securities and Exchange Commission staff recommended no action against the company or its executives over Chief Executive John Mackey’s Internet message-board postings.
Mackey, who has apologized for making anonymous posts on Yahoo Inc.’s financial-chat boards, was also investigated by Whole Foods. A company committee completed its investigation in October and turned the information over to the SEC, Whole Foods said.
Mackey wrote anonymous messages on the message boards from 1999 to 2006. Some comments praised his company’s performance while others criticized rivals such as Wild Oats Markets Inc., which Whole Foods bought in August for $565 million.
