The Reason Interview With Nick Gillespie cover image

Whole Foods' John Mackey: We Must Change How We Think About Capitalism

The Reason Interview With Nick Gillespie

NOTE

Regretful Circumstances of Selling to Amazon

The speaker regrets selling to Amazon due to pressure from shareholder activists who wanted to sell the company to the highest bidder. The activists planned to take over the board, fire the speaker, and proceed as they wished. Despite attempts to collaborate and improve the company, the activists were adamant about their course of action, leaving the speaker with limited alternatives, one of which included going private and taking on substantial debt.

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