John Mackey
๐ค SpeakerAppearances Over Time
Podcast Appearances
Our investors got like 30% more money from that sale than they had previously to Amazon doing it.
The price of the stock went up.
And our communities also developed because of our philanthropy, our foundations.
Not only did Amazon not change that, they made additional donations to our Whole Planet Foundation, our Whole Kids Foundation.
So they've been a good partner in a lot of ways.
But culturally, that's been the rubbing point.
We're different culturally.
And to give Amazon credit there, they haven't really tried
to change Whole Foods culture in any direct way.
They like our culture.
But the metaphor I'd come up with, Jen, is like, think of Amazon like this giant sun.
And we're like a big planet in their orbit, like Jupiter.
Okay, we're big.
We were a Fortune 250 company when they bought us.
But Amazon was a Fortune 5 company when they bought us.
So even though they haven't tried to change us, the fact of the matter is their gravitational pull is so powerful that Whole Foods is nevertheless affected by it.
So we're still Whole Foods, but we are changing the gravities affecting Whole Foods.
I will tell you what my motto is now that I've retired in just about three years.
It's not my problem any longer.
Right.