Thursday, May 11, 2017

Slow profits has Whole Foods filling holes

Organic supermarket chain Whole Foods Market is replacing nearly half of its board of directors as the company faces slowing profits and pressure from activist investors to turn things around.

“It’s a preemptive move to fend off the activist,” said Robert Pozen, a professor at the MIT Sloan School of Management. “It’s highly unusual for a board to replace that many directors at once.”. . . more

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