John Mackey's Merger Made in Heaven.

Author:Gillespie, Nick
Position:Q&A - Whole Foods Market and Amazon - Interview
 
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WHEN JOHN MACKEY founded Whole Foods Market nearly 40 years ago in Austin, he revolutionized the way Americans think about health food. Last year he helped change the game again when he announced that Whole Foods had been bought by Amazon for just under $14 billion. Overnight, America's most innovative grocery store and its most innovative everything-else store were one and the same. At LibertyCon in March, Reason's Nick Gillespie spoke with Mackey (a donor to Reason Foundation, the nonprofit that publishes this magazine) about falling in love with the Amazon worldview and what might be coming next.

Q: So Whole Foods has merged with Amazon. Are you excited about that?

A: I'm superexcited. I'll tell you a story: Whole Foods was being harassed by shareholder activists who were trying to take over our board, and they were putting a lot of pressure on our company to go up for sale. We didn't really want to sell it, but if we were going to be forced into a sale, I wanted to find absolutely the best possible partner and not just be taken over by a company that didn't share our values. So a mutual friend introduced us.

We flew out to Seattle and met with [Amazon founder] Jeff Bezos and three of his senior executives. You know when you have the experience of falling in love? There comes a point where you have what I call "the conversation," where you may stay up all night and you just have this real connection, this "meeting of the soul," so to speak? That happened on our first conversation. We were thunderstruck. They were so smart, and they were so authentic, and we were almost finishing each other's sentences by the time we left there a few hours later. Our executive team went to a restaurant, and we were sitting around and just like, "Those guys are incredible! Do you think they liked us, too?" It turned out they did--Amazon felt the same way. They had a whole group of executives come down four days later to Austin, and then literally six weeks after that first meeting we signed the marriage papers. It went that fast.

Q: What was the common ground that clicked?

A: We're about, "Customers are our most important stakeholder." Amazon goes...

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