Home Depot

  • Home Depot, Private Equity

    Kenneth Langone Has Nothing Left To Explore Sexually

    At the Academy of Management’s annual conference in Philadelphia, Home Depot founder Kenneth Langone (pictured here with his scepter of lovemaking) was out to steal some of PE’s sunshine. Some of the more memorable quotes from his talk: [PE] ain’t that complicated. We tend to mystify simple math. People who invest in [PE guys], no […]

    / Aug 9, 2007 at 11:20 AM
  • Home Depot

    Did Home Depot’s Profits Warning Tank the Dollar?

    Home Depot’s profit warnings yesterday didn’t do much to damage its share price–shares of Home Depot rose about 1% yesterday–probably because the company also indicated that it would be making a bigger than expected tender offer to buy back its own shares for somewhere between $39 and $44 per share. That’s the kind of “we’re […]

    / Jul 11, 2007 at 8:41 AM
  • Home Depot

    The “Those Who Fail To Learn From History Award” goes to…

    Home Depot shareholders, who rejected proposals to more closely regulate executive pay and split the CEO and chairman positions. The directors up for election, however, were approved by a landslide. From the Wall Street Journal: Chairman and Chief Executive Frank Blake said directors were each elected with at least 67% of the votes cast by […]

    / May 24, 2007 at 2:10 PM
  • Bob Nardelli, Home Depot

    Two Fashionable Orange Aprons Up For Grabs, If Anyone’s Interested

    Two Home Depot higher-ups, recruited personally by ex CEO Robert Nardelli in 2001, have resigned from the company. Dennis Donovan, head of human resources, and Frank Fernandez, general counsel, will be officially out on February 14. Donovan went home with $5.4 million in 2005, and held $28 million in restricted and deferred stock. Though no […]

    / Feb 2, 2007 at 9:05 AM
  • Executive Pay, Executive Retirement, Home Depot

    Write-Offs: 01.19.07

    $$$“If you’re DISTURBED ENOUGH to go out with me, I’ll take ya.” — Well to do banker type. [Craigslist] $$$“The Apprentice: What I Learned from Episode Two,” by Trump employee, Paul C. Quintal [Trump University] $$$A Hot New Way To Price Options. Settle down, Jobs, you don’t want to pull a muscle. [Forbes] $$$Relive it […]

    / Jan 19, 2007 at 4:57 PM
  • Bob Nardelli, Executive Pay, Home Depot

    The Nardelli Defenses Keep Coming

    While it seems almost no-one is willing to defend ex-Home Depot CEO Bob Nardelli’s pay package, the criticisms of the pay package and his performance as CEO have certainly excited the business end of the internet. The latest is from Ken Lacroix, the D&O Diarist: One question that needs to be asked is how much […]

    / Jan 10, 2007 at 9:28 AM
  • Executive Pay, Home Depot

    Bob Nardelli: Doing the Math

    We’re not going to beat you over the head with defenses of gigantic CEO pay packages. Okay, we probably are. But not right now. We’ve done enough of it in the last couple of days. And we’re pretty sure you get the point by now that the populist outrage of CEO pay at public companies—combined […]

    / Jan 9, 2007 at 2:40 PM
  • Home Depot

    Maybe This Is What Gret-Gret Meant When She Wrote ‘Defenestration’

    We’re hardly in a position to make a big deal out of a blogging typo. As you well know, we make more than our share. It’s more or less in the nature of the beast: when you throw a dozen or so posts a day up on the interwebs, a couple are going to land […]

    / Jan 4, 2007 at 5:02 PM
  • Executive Pay, Executive Retirement, Home Depot

    All Nardelli, All The Time

    While Gret-Gret more or less blew a gasket over Bob Nardelli‘s exit from Home Depot–she describes it as a “watershed,” a “warning shot,” a “defenestration,” as an end to “arrogance”–slightly more sober reflection on the meaning of it all is going on across the interwebs. Ted Frank at PointofLaw.com points out that when Nardelli took […]

    / Jan 4, 2007 at 4:45 PM
  • Executive Pay, Executive Retirement, Home Depot

    Home Depot Irony Watch: Outrageous Exit Packages To Fuel Even More Outrageous Exit Packages

    Okay. Now that we’ve recovered a bit from our shock at reading that former Home Depot CEO BOb Nardelli was getting $210 million on his way out the door, we’ve got something a bit more substantial to say about it than the obligatory mouth wide open gasp. And here it is: Nardelli’s exit will probably […]

    / Jan 3, 2007 at 2:01 PM
  • Back Dating, Home Depot

    Did Home Depot Invent Backdating?

    Until yesterday, it seemed that the practice of backdating stock options was something that mostly went on at tech companies during the boom years. But Home Depot now ways it was a routine practice for 19 years. Which kind of makes you wonder: is this really a scandal, or was it just a very typical […]

    / Dec 7, 2006 at 11:24 AM

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