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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
# Thursday, January 11, 2007
Home Depot (NYSE:HD) investors are asking a Georgia judge to block the retailers from giving a $210 million severance package to former CEO Robert Nardelli. The shareholder group, led by Pontiac (Michigan's employee retirement fund), have filed a temporary restraining order in Superior Court of Fulton County. And this isn't the first time that Pontiac and HD have met in court - back in September, the fund charged that HD executives and board members had backdated options. While the company admitted that this was true, they maintained that it happened before Nardelli's tenure. We will not know the outcome of this case for several weeks; however, it is becoming increasingly apparent that executive compensation is likely to remain a hot-button issue throughout 2007.

Thursday, January 11, 2007 8:25:27 PM UTC  #    Comments [1]  |  Trackback