Home Depot CEO's Exit Pay Rouses Investor Ire

Law360, New York (January 3, 2007, 12:00 AM EST) -- Home Depot CEO Robert Nardelli continued to rile investors even as he left the company on Wednesday by commanding an overall severance package worth $210 million.

The package, which will be paid out over the next four years, includes $20 million in cash, $77 million in unvested stock awards, $32 million in retirement benefits and $18 million of other entitlements, according to Home Depot.

Nardelli, who joined the company in 2000, has been paid $225 million during his six years at Home Depot.

In the meantime,...
To view the full article, register now.