The Street.com* reports: SEC to Look at Whole Foods CEOs Internet Activity

“The Securities and Exchange Commission has reportedly begun an informal inquiry into the Internet message board postings of Whole Foods Market.
The online version of The Wall Street Journal reported late Friday that regulators will likely examine whether Web comments by Mackey during an eight-year stint of posting company-cheering entries under a pseudonym had contradicted official Whole Foods statements.

The SEC also will likely look at whether Mackey selectively disclosed material corporate information in violation of securities laws, the Journal said.

In a Whole Foods blog post following the disclosure by the Federal Trade Commission of Mackey’s Web writings, the CEO said he never revealed any ‘proprietary’ information about the company.”

Wow. What an idiot.

* The original report was in the Wall Street Journal but I do not like linking to articles that are, or may become, subscription only