Why we love Whole Foods’ CEO John Mackey

We just found a series of videos published by Inc.com which feature our hero, John Mackey, CEO and founder at Whole Foods Markets (WFM). We saw him in person a few years ago, but haven’t followed him much since then.

Recently, though, we met a couple who work at WFM (note we didn’t say “work for” the company. They both started as checkers or shelf-stockers. Before they went to WFM, they had lost their house in the housing crisis and struggled with their finances. Now, they eat food from WFM, exercise, grow much of their own food in a backyard garden, have a mortgage again, and are full of enthusiasm for life.

BTW, the only company we have encountered with employees so joyful and so proud of the company where they work and love its products as much was Nike (NKE). We don’t know whether Starbucks (SBUX) employees feel the same way, but that company has similar employee-friendly policies. IFO does not own stock in any of these companies, though she does buy their products often.

When IFO was at one of the many WFM’s in her area, the checker asked her how much a lemon that had been in IFO’s basket cost. We said we didn’t know. She paused, thought about who knows what? the time it would take to go or send someone over to the produce dept to check on price? Maybe.

“I’ll just give it to you,” she said, and tossed it into IFO’s grocery bag. Now THAT is empowerment at the first level. Imagine how my other friends, now fairly advanced up the company charts, feel!

So, for this weekend, here are some really delicious and nutritious ideas to savor. Keep watching the first link, because other videos featuring Mackey follow. In these videos you will get a good basis for evaluating CEOs in companies you are considering buying stock in.




About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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