Home Depot Shareholders Sue To Stop CEO Pay

Law360, New York (January 11, 2007, 12:00 AM EST) -- Home Depot shareholders have brought the home improvement retailer to court in an attempt to stop CEO Robert Nardelli from collecting any more of his $210 million severance package.

In a suit filed in Georgia’s Fulton County Superior Court on Wednesday, shareholders sought an injunction to block Home Depot from paying Nardelli.

Nardelli, who joined the company in 2000 and resigned January 3, has been paid $225 million during his six years at Home Depot.

The severance package, which will be paid out over the next...
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