From the Wires
Whole Foods Market® celebrates "sweet 16," landing on FORTUNE's "100 Best Companies to Work For" list for 16th consecutive year
By: PR Newswire
Jan. 17, 2013 05:30 PM
AUSTIN, Texas, Jan. 17, 2013 /PRNewswire/ -- Thanks to responses by Whole Foods Market Team Members, FORTUNE magazine ranked the grocer on its "100 Best Companies to Work For" list for the sixteenth consecutive year. The nation's leading natural and organic supermarket ranked No. 71 and is one of only 13 companies that have made the list every year since its inception in 1998.
"Our Team Members are the heart of Whole Foods Market, and it's clear we wouldn't be on this list year after year without their dedication to the company's mission and values," said Walter Robb, Co-CEO of Whole Foods Market. "We're grateful for every one of our Team Members."
FORTUNE cited one of the reasons Whole Foods Market again made the list is its transparency, from Team Members voting on new hires and going on field trips to visit suppliers to its open-book salary policy.
In a list of "All-star" companies that have been on the list every year since its inception, Whole Foods Market founder John Mackey was cited as "inspiring trust and purpose" among Team Members through his focus on running a business with a "higher purpose" that benefits all stakeholders. The magazine also pointed to Mackey's creation of an egalitarian work environment where executive salaries are capped at 19 times the average full-time salary, and where years ago, Mackey reduced his own annual salary to $1.
The list and related stories appear in the Feb. 4 issue of FORTUNE, which will be available on newsstands on Jan. 21 and at www.fortune.com.
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