Whole Foods founder said Jeff Bezos is a ‘genius’ who got rid of the ‘whole paycheck’ stigma
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John Mackey, the founder of Whole Foods, credited Jeff Bezos for getting rid of the 'whole paycheck' stigma associated with the supermarket chain. After Amazon acquired Whole Foods in 2017, the company was able to lower its prices four times, shedding its reputation for high prices. Mackey praised Bezos for his long-term thinking and called him a genius. Whole Foods has also doubled down on sales and discounts, as well as savings options for Amazon Prime members. The company plans to open 30 stores a year. Amazon also gave employees a pay bump and did not try to change Whole Foods' culture.
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https://fortune.com/2024/06/05/whole-foods-bezos-amazon-mackey-paycheck-stigma/
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