Whole Foods Board Backs CEO
Austin, Texas, Whole Foods Market Inc. said Friday it completed its investigation into online financial message board postings made by chief executive John Mackey about rival and acquisition-target Wild Oats Markets Inc., saying the company’s board continues to support him.
Mackey posted on Internet financial forums over seven years under the name “rahodeb” to talk about Whole Foods and at times attack Wild Oats, calling the smaller company’s stock overpriced and predicting it would fall into bankruptcy.
The Securities and Exchange Commission is also investigating the postings. Whole Foods said it did not have any comment on the investigation due to the SEC’s ongoing inquiry.
The postings came to light as part of a lawsuit by the Federal Trade Commission to block Whole Foods from buying Wild Oats on antitrust grounds. That lawsuit was unsuccessful, and the acquisition closed at the end of August.
Stop & Shop puts customers center stage
QUINCY, Mass. Stop & Shop is launching a new multimedia campaign with the tagline, “Stop & Shop works for me.” According to reports, the campaign features customers giving testimonials on the role of the supermarket in their lives.
The campaign was created by Mullen in Wenham and, according to reports, Stop & Shop reviewed customer letters, spoke to customers outside of its stores and used its consumer advisory board to find the best shoppers for the campaign.
The new TV ads will reportedly appear during shows such as “Grey’s Anatomy,” “Ugly Betty” and “Dancing With the Stars.” In addition to the TV spots, testimonials from other Stop & Shop customers will be posted on www.stopandshop.tv, a separate micro-Web site.
Office Depot touts corporate citizenship
DELRAY BEACH, Fla. Office Depot has released its annual Corporate Citizenship Report, highlighting its commitment to community, ethics, diversity and environmental sustainability.
According to the report, Office Depot donated its one millionth backpack as part of its National Backpack program, doubled the number of factories in the company’s social accountability program, increased sales of products from underutilized businesses and reduced absolute greenhouse gas emissions from North American facilities by more than 10%.
“Office Depot’s success as a global company is built on our vision of ‘delivering winning solutions that inspire worklife,’ as well as our values of integrity, innovation, inclusion, customer focus, and accountability,” said Steve Odland, chairman and ceo of Office Depot. “This year’s Corporate Citizenship Report is one more step in our constant effort to acknowledge and validate the importance of both.”