April 28, 2008
SEC Drops Whole Foods Blogging Investigation
Whole Foods Market said that the SEC ended its probe into blog postings by CEO John Mackey without recommending any action. Last July Mackey's postings, some of which denigrated its merger partner Wild Oats, under an assumed name received a great deal of attention. A special committee of the Whole Foods board conducted an investigation last fall and affirmed its support for management. CFO.com, Whole Foods "Blogging" Probe Dropped by SEC.
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