CtW Investment Group and Whole Foods

union thugs

The CtW Investment Group called on the Whole Foods Market (NYSE:WFMI) board to remove CEO John Mackey as Chairman and to begin the process of naming a new CEO in a letter to Whole Foods’ lead independent director, Dr. John Elstrott, yesterday afternoon.  Citing the risk to Whole Foods’ brand reputation caused by Mr. Mackey’s editorial opposing President Obama’s proposed healthcare reform, CtW urged the board to take immediate action to prevent continued damage in the face of a quickly-growing boycott by Whole Foods’ progressive customer base. (more)

But…. wait… what is CtW Investment Group?  They manage union pension funds:

Founded in February 2006, the CtW Investment Group works with pension funds sponsored by unions affiliated with Change to Win, a federation of unions representing nearly 6 million members, to enhance long-term shareholder returns through active ownership.  Members of CtW affiliates participate in Taft-Hartley plans with an estimated $217 billion in assets.

The long-term health of these pension plans, and the retirement security of the workers and families who rely upon them, are threatened by conflicts of interest on Wall Street and in the boardroom, a corporate backlash that seeks to weaken the accountability of executives to shareholders, and outright corporate fraud.

The CtW Investment Group responds to these challenges by organizing workers’ capital into an effective voice for corporate accountability and retirement security. (more)

Whole Foods workers did not choose to unionize.  “Change to Win” is a big backer of Obamacare; the UFCW and SEIU have their tenticles all over it.

Do the math,

1 Comment

  1. echoing911 said,

    2009/08/26 at 4:12 pm

    Unions have their members brainwashed. If the members only knew what kind of health plans that are out there and how they give more control to the insured, we wouldnt have this issue.

    Union health Insurance is just another way to keep the union employees dependent on the unions. Its that simple – control.

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