Whole Foods Board Decides Common Sense Ain't Common Enough: Bans Execs From Web Postings

from the common-sense-ain't-what-it-used-to-be dept

Over the summer, there was some press coverage over the news that the CEO of Whole Foods had, for years, been posting to Yahoo message boards about his company under a fake name. It doesn't look like he did anything illegal, but it was certainly questionable from an ethical standpoint. Whole Foods' board has now responded by changing the company's "code of conduct" to ban execs from posting to non-company-sponsored web forums about company related news. In other words, the board felt the need to basically put what should be common sense into its code of conduct. Of course, the easy retort is that it clearly wasn't common sense to the CEO who engaged in it, but one would think with the ongoing SEC investigation he'd now be pretty aware of this fact, and changing the company's code of conduct is unlikely to have much of an impact.
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Filed Under: executives, message boards
Companies: whole foods

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  1. identicon
    The Man, 7 Nov 2007 @ 9:06am

    The reason for the change is obvious

    I am suprised that Mike thinks the change in the companies code of conduct is not necessary. What is the first thing that will happen if they just fire the Exec for the obvious ethical breach? The wrongful term. lawyer will demand the documentation that specifically informs the employees that posting negative comments is against policy. They must have realized they did not have any documentaion and therefore writting it down for the next time this happens.

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