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John Mackey Still Hasnt Resigned

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by Felix Salmon
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Jul 17 2007 12:00am EDT

John Mackey Still Hasn't Resigned

Whole Foods CEO John Mackey wants me to forgive him. (I shop at Whole Foods on the Bowery – great sausage selection – so I count as a "stakeholder" in the company.) Well, I don't forgive him. Not at all. And I don't want his sincere apology. I want him to resign.

The Whole Foods board, late to the game, has now acted formed a Special Committee. Weak. What is an "independent internal investigation," anyway? Sounds suspiciously oxymoronic to me. Whole Foods is built on being an ethical company. Mackey has now admitted to seriously unethical behavior. Really there's nothing to investigate, except for why Mackey hasn't resigned already.

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