Investment group calls for Mackey's resignation

NEW YORK CtW Investment Group, which manages pension funds for the unions that make up Change to Win, has reportedly called on Whole Foods to replace current chairman John Mackey. According to reports, the group wote a letter to the Whole Foods board of directors saying that Mackey's postings on online finance boards was damaging both to his reputation and to the company's pending merger with Wild Oats.

In the letter, CtW calls on Whole Foods to name an independent board chair and that Mackey's postings may violate the company's own code of conduct and ethics.