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I noticed that you mentioned people interests at Whole Foods. I try not to get into this argument. One's self interest is one's own, and it wouldn't be right to
by vantran 17y ago
I noticed that you mentioned people interests at Whole Foods. I try not to get into this argument. One's self interest is one's own, and it wouldn't be right to talk about another's interest as if it is my own. But this is the business's interest we are talking about, as an entity with a relationship with society.
What I see here is Mackey merging his and Whole Foods'. When he says "Put Customers Ahead of Investors", what does that really mean, that they don't care about operating at a loss? Sure, Mackey probably really cares about his customers and society, but Whole Foods as an entity doesn't have any special obligation with that. Whole Foods aim is to increase its profitability. If one way of doing so is donating some money so society, go ahead and do so. But it's not always so convenient this way (if donating scales with profitability, businesses would go ahead and donate all their earning).