john mackey is the co-founder and co-c.e.o. of whole foods market. he's author of "conscious capitalism: liberating the heroic spirit of business". john, why is concentrating on shareholders a myth as you call it? >> i don't know if concentrating on shareholders is a myth. i mean, most companies do concentrate on their shareholders. it's just not the best business strategy. because you have an interdependent stakeholder system where you need to create value for all of the stakeholders, and that will also create value for your investors or shareholders. for example, at whole foods market, we have to create value for our team members. if they're happy and fulfilled in their work, then they will take care of our customers better and that will result in them being happy alcohol result in the investors being happy. happy team members result in happy cut can mers which result in happy investors. they're all interdependent on one another. >> tom: is that the priority you put the stakeholders in, employees over customers over shareholders? >> i kind of think

john mackey is the co-founder and co-c.e.o. of whole foods market. he's author of "conscious capitalism: liberating the heroic spirit of business". john, why is concentrating on shareholders a myth as you call it? >> i don't know if concentrating on shareholders is a myth. i mean, most companies do concentrate on their shareholders. it's just not the best business strategy. because you have an interdependent stakeholder system where you need to create value for all of the stakeholders, and that will also create value for your investors or shareholders. for example, at whole foods market, we have to create value for our team members. if they're happy and fulfilled in their work, then they will take care of our customers better and that will result in them being happy alcohol result in the investors being happy. happy team members result in happy cut can mers which result in happy investors. they're all interdependent on one another. >> tom: is that the priority you put the stakeholders in employees over customers over shareholders? >> i kind of think y

c.e.o. john mackey. and our friday "market monitor" guest says now is not the time to get too aggressive with your investments. he's glenmede investment's jason pride. >> susie: and monday on "n.b.r.," we take a special look at u.s. innovation. will america be able to keep its competitive edge, through new technologies and entrepreneurship? what better place to answer that question that at i.b.m.'s watson research center. bernie meyerson calls himself i.b.m.'s "chief geek," and leads the firm's efforts on innovation. >> innovation determines whether a large corporation, a small corporation, a startup or an entire society survive. it's that simple. the most direct attribute you can give to a thriving entity, i don't care what scale it is small, medium, large, enormous, is innovation. the reason is fundamentally to not only see the future, but to drive it. >> susie: join us monday for our look at u.s. innovation. it's our special martin luther king junior holiday edition. and, there's more to learn about i

c.e.o. john mackey. and our friday "market monitor" guest says now is not the time to get too aggressive with your investments. he's glenmede investment's jason pride. >> susie: and monday on "n.b.r.," we take a special look at u.s. innovation. will america be able to keep its competitive edge, through new technologies and entrepreneurship? what better place to answer that question that at i.b.m.'s watson research center. bernie meyerson calls himself i.b.m.'s "chief geek," and leads the firm's efforts on innovation. >> innovation determines whether a large corporation, a small corporation, a startup or an entire society survive. it's that simple. the most direct attribute you can give to a thriving entity, i don't care what scale it is small, medium, large, enormous, is innovation. the reason is fundamentally to not only see the future, but to drive it. >> susie: join us monday for our look at u.s. innovation. it's our special martin luther king junior holiday edition. and, there's more to learn about i

c.e.o. john mackey. and he doesn't know what a fascist is he talked to n.p.r. this week and he tried to express how much he hates obamacare you see back in two thousand and nine mackey hated obamacare so much that he called it socialism. but now in two thousand and thirteen mackey thinks obamacare is fascism as he said doggedly speaking obamacare is more like rush is socialism is where the government owns the means of production in fascism the government doesn't own the means of production but they do control it and that's what's happening with our health care programs and these reforms today maggie walked back his remarks saying he regrets using that word now because there's so much baggage attached to it but whether mackey meant to use that word or not it's about time someone injected the word fascism back into our political debate especially now that corporations wield more power today than they have in america since the robber baron era the one nine hundred eighty three american heritage dictionary defined fascism as a system of government that exercises a

c.e.o. john mackey joins us. >> susie: that and more tonight on "n.b.r."many american companies are gearing up to go public and investors are warming up to the idea of buying those shares. the success of the initial public offering of norwegian cruise lines on the nasdaq today could kick off a new wave of i.p.o.s. shares of the third largest cruise line operator in the u.s., skyrocketed more than 30%, from its $19 opening price. as erika miller reports, thanks to the bullish run in the stock market it could be full steam ahead for i.p.o.s. >> reporter: ou

c.e.o. john mackey joins us. >> susie: that and more tonight on "n.b.r."g up to go public and investors are warming up to the idea of buying those shares. the success of the initial public offering of norwegian cruise lines on the nasdaq today could kick off a new wave of i.p.o.s. shares of the third largest cruise line operator in the u.s., skyrocketed more than 30%, from its $19 opening price. as erika miller reports, thanks to the bullish run in the stock market it could be full steam ahead for i.p.o.s. >> reporter: alou

c.e.o. of whole foods john mackey described the president's new health care law as downright fascist here's a few other examples of business leaders taking shots at the president. every business guy you know when the country is right rocco and the way he thinks he wants to reduce your vision of wealth and he he's a socialist or we have people running the show who seem to really not have the slightest idea how the world works frankly but here's the thing according to an analysis by bloomberg news corporate profits are the highest they've been under any president since world war two take a look after tax profits are up one hundred seventy one percent the s. and p. five hundred index has gone up eighty percent since the president took office and a couple examples of how these corporations are doing now caterpillar in profits i've grown thirty two percent since last year and yahoo profits are up sixty seven percent now whether these profits are because of the president's policies or in spite of them that lies not the holder so was all of this obama bashing overblown or is there something more t