Amazon announced on Friday that it was buying the high-end grocer Whole Foods.
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'It’s gonna change our culture': Whole Foods CEO preps his staff for life under Amazon (AMZN, WFM)
The transcript from the town hall is pretty colorful, and we'd recommend you give the whole thing a read. One takeaway: Whole Foods is going to be changing.
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Whole Foods hosted a town hall meeting with staff on the same day to talk through the deal, and thanks to a filing with the Securities and Exchange Commission, we now know what was said.
Here are the key extracts from Whole Foods CEO John Mackey's speech:
- On cost cutting:
- On hiring consultants:
- On leadership changes:
- On cultural change:
- On the two companies combining:
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