Apr 04, 2013 Whole Foods’ CEO: Advantage of going public
Came across this interesting clip of Whole Foods CEO, John Mackey, explaining his thought process behind taking the company public. He sets out to debunk the myth that a public company’s stakeholders are not as notoriously difficult as they are known to be, and rather it is the customers that are the difficult ones to please.“I consider Venture Capitalist to be hitchhikers with credit cards: they get into your car and as long as you take them where they want to get to, they’ve got credit cards, they will help pay for the gas. But if you get lost, they highjack the car, throw you on the side of the road and bring a new driver in.”
