Home Depot CEO Could Earn Up To $8.9 Million In 2007

Home Depot Inc., Atlanta, said in a filing with the Securities and Exchange Commission Jan. 24 that its new chief executive, Frank Blake, could earn as much as $8.9 million this year. That is considerably less than the $25.7 million a year on average that former Chief Executive Bob Nardelli was earning excluding stock options. Nardelli resigned earlier this month after a year of heavy criticism of everything from his pay package to the underperforming retailer’s corporate governance.

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