1. Whole Foods CEO Calls Activist Investors 'Greedy Bastards' as Shareholders Accuse Chain of 'Hemorrhaging' Customers

    Whole Foods CEO Calls Activist Investors 'Greedy Bastards' as Shareholders Accuse Chain of 'Hemorrhaging' Customers

    Whole Foods' founder and CEO had harsh words for an activist investor hedge fund that criticized the grocery chain as it struggles to improve its business.

    CEO John Mackey called activist investor Jana Partners "greedy bastards" in an series of interviews with Texas Monthly. He also referred to them as "Ringwraiths," which are villainous characters from the "Lord of the Rings" series...

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    1. This isn't the rapacious hedge fund versus the conscious capitalist.
    2. That Whole Foods can't turn around its fortunes is, in our opinion, the result of several fundamental flaws in its business model.
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