chorus.fm: The Backstory of Amazon Buying Whole Foods

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The Backstory of Amazon Buying Whole Foods Jun 19th 2017, 19:25, by Jason Tate
Texas Monthly:

As he stepped off the American Airlines flight at JFK (Whole Foods doesn’t own a jet, and Mackey flies coach), his phone lit up with urgent text messages and voice mails. A hedge fund in New York called Jana Partners had snatched up almost 9 percent of Whole Foods’ stock and announced that it would pressure the company to either overhaul its business or sell itself—perhaps to another grocery giant, such as Kroger, or to a less traditional player, such as Amazon. Mackey and other leaders might have to be replaced. A media frenzy ensued, and the PR team who had carefully staged what should have been a traveling celebration of their boss as a thought leader shifted into immediate crisis mode.

“From that moment on, I was drowning in it,” Mackey says.

This whole story reads like an episode of Billions. Fascinating stuff.

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