John Mackey, Cofounder And Co-CEO Of Whole Foods

Words: 299
Pages: 2
Open Document
John Mackey, Cofounder and Co-CEO of Whole Foods Market in 2006 wrote a letter to all of his employees stating he was now reducing his salary to $1 a year, and would donate his stock portfolio to charity. Mackey also set-up a 100,000 dollar emergency fund for any staff member facing personal problems to use in the event they needed it . Mackey stated he was now at the age in his life where he no longer work for money, but simply for the joy of work itself and to better answer the call to service that he felt in his heart(Paumgarten,2010).
Human capital is promoted through the relationships and bonds that have been established between Mackey, partners, and stockholders for the Whole Foods Store. Whole Foods has fundamentally changed the way
Show More

Related Documents: John Mackey, Cofounder And Co-CEO Of Whole Foods

What Is Whole Foods Market Appealing?

working at Whole Foods Market appealing. Whole Foods Market Cofounder and Co-CEO John Mackey lays out an organizational vision that is both conscientious and forward looking. Whole Foods Market’s principles and aspirations to work toward the highest values with a heroic purpose are most compelling (Kreitner & Kinicki, 2013). One would find he organizations approach to hiring the right people and investing in proper training of those hires attractive (Kreitner & Kinicki, 2013). Whole Foods Market was…

Words 352 - Pages 2

Article2 Putting Ppl First For Org Succ Essay

' Academy of Management Execufive, 1999, Vol 13, No. 2 Putting people first for organizational success'' Jeffrey Pfeffer and lohn F. Veiga Executive Overview There's a disturbing disconnect in organizational management. Research, experience, and common sense all increasingly point to a direct relationship between a company's financial success and its commitment to management practices that treat people as assets. Yet trends in management practice are actually moving away from these very principles…

Words 8484 - Pages 34