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Wednesday, May 28, 2008

Whole Foods CEO Is Blogging Again

Whole Foods CEO John Mackey, whose blogging under an anonymous screen name got him into legal trouble with the SEC last summer and caused embarrassment for the company, is Back to Blogging again on the Whole Foods website under his own name.  Among other things, he explains why he blogs, says that he was wrongly accused of badmouthing Wild Oats to drive down its stock price, and that his mistakes were those of judgment, not ethics.

http://lawprofessors.typepad.com/securities/2008/05/whole-foods-ceo.html

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Comments

I am an investor in a company called Kintera that is getting acquired by Blackbaud. The Blackbaud blog had several posts about the acquisition, then they stopped citing reg FD. They had some links to other blogs commenting on the acquisition (mostly the positive ones, not the negative ones) and news stories. Since they started posting there do they not have a duty to update it and how do I find other information that they are sharing with other select audiences like things my son found on a site called twitter. They also seem to be communicating on their user forum. It would seem that under "fair disclosure" they should provide that information to everyone not just people on the blogs or other sites. As a shareholder do I have legal recourse to get them to share or update the blog?

Posted by: mel | Jun 4, 2008 7:05:13 PM

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