Shareholders Want Home Depot Board Members Out

Law360 (January 5, 2007, 12:00 AM EST) -- Just days after the much criticized Home Depot CEO Robert Nardelli resigned, shareholders are asking that some board members be axed for the OKs they gave to his massive paychecks.

Ken Langone, the retailer’s director, has come under fire for initially luring Nardelli, who resigned on Wednesday and received a $210 million severance package. He has also been linked to stock option backdating, which an internal investigation found was routine practice from 1981 to 2000.

Other board members on the chopping block include John Clendenin, Claudio...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.