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Old 06-17-2017, 10:58 AM   #10
SteveEisenberg
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Quote:
Originally Posted by Cinisajoy View Post
What does Amazon buying Whole Foods have to do with employees buying stocks?
My first thought was indeed that Fiat_Lux was in error. But this 1996 article supports the idea, at least up to a point:

https://www.fastcompany.com/26671/whole-foods-all-teams

Quote:
Whole Foods supports teamwork with a wide-open financial system. It collects and distributes information to an extent that would be unimaginable almost anywhere else. Sensitive figures on store sales, team sales, profit margins, even salaries, are available to every person in every location. In fact, the company shares so much information so widely that the SEC has designated all 6,500 employees “insiders” for stock-trading purposes.
However, I don't see support for the idea that forms have, or had, to be filled out for buying stock in "any of its vendors, or suppliers."

Consider that, a big company is likely to be, in some measured, supplied by most other big companies. For example, Whole Foods probably buys vehicles from multiple large auto-makers, probably has an IBM mainframe, probably buys some Mac computers, at least for specialized headquarters uses, probably deals with multiple banks, offers plans from multiple for-profit health insurers, has people in headquarters with authority to make small web purchases from Amazon and even WalMart, etc.
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