Home Depot Investigates Its Options Granting Practices

Law360, New York (June 19, 2006, 12:00 AM EDT) -- Home Depot Inc. has joined the growing list of companies embroiled in questions about options practices, revealing that executives on three occasions were awarded options at below-market prices.

The world’s largest home-improvement retailer, which completed an internal investigation into the matter, did not reveal any names, but did say that the unrecorded expenses related to options backdating was less than $10 million and occurred between 1996 and 2000.

It also said the discrepancies were not serious enough to warrant any changes to previous financial statements....
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