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SEC opens inquiry Whole Foods CEO

Posted in Business/Market Digest | Saturday, July 14th, 2007 | Trackback

BUSINESS DIGEST

SEC opens inquiry into Whole Foods CEO online posts: WSJ

By Katherine Hunt
6:22 PM ET Jul 13, 2007

SAN FRANCISCO (MarketWatch)

 

The Securities and Exchange Commission has opened an informal inquiry into online postings by John Mackey, the co-founder and chief executive of Whole Foods Market Inc. (WFMI), according to a media report late Friday.

The agency is expected to investigate whether Mackey’s comments contradicted what the company previously said or were overly optimistic, the Wall Street Journal reported on its Web site, citing people familiar with the matter.

Mackey posted comments about the supermarket chain on Yahoo stock forums using a pseudonym over a roughly eight-year period, the Journal reported. Mackey’s postings became known as the Federal Trade Commission began reviewing Whole Foods’ planned acquisition of Wild Oats Markets Inc., the report said.

 

Copyright © 2007 MarketWatch, Inc. All rights reserved.

 

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