shareholders

What does Whole Foods' shareholder trouble say about CSR?

What does Whole Foods' shareholder trouble say about CSR?

Yesterday, Whole Foods Market Inc. announced that the firm is replacing five of its board members, likely in response to pressure from it’s second largest shareholder, Jana Partners LLC. Whole Foods stock has been underperforming, having lost roughly half its value since it’s 2013 peak of $65 per share. It’s enough to make one wonder if maybe this whole corporate social responsibility thing isn’t all it’s cracked up to be.