John Mackey: Food Fighter
Professor Mark J. Perry's Blog for Economics and Finance
Whole Foods routinely ranks high on those lists of companies that are the best to work for. The health and retirement benefits are relatively generous. Mackey regards his blend of paternalism and sovereignty as a recipe for proper governance, an expression of both compassion and creativity. This view is not shared by unions, which have complained that Mackey prevents unionization among his employees, notably at a store in Madison, Wisconsin, where team members had voted to unionize. Unions have picketed store openings and, as activist investors in Whole Foods stock, have called for Mackey’s firing.
In the early eighties, Mackey told a reporter, “The union is like having herpes. It doesn’t kill you, but it’s unpleasant and inconvenient, and it stops a lot of people from becoming your lover.” (That quote, to Mackey’s dismay, won’t go away.) His disdain for contemporary unionism is ideological, as well as self-serving. Like many who have come before, he says that it was only when he started a business—when he had to meet payroll and deal with government red tape—that his political and economic views, fed on readings of Friedman, Rand, and the Austrians, veered to the right.
HT: Joy Pavelski
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.