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	<title>Comments on: Culture change at Home Depot</title>
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	<link>http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/</link>
	<description>A year-round Davos of the mind, written since 1999 by Lance Knobel</description>
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		<title>By: garry hailey</title>
		<link>http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/comment-page-1/#comment-307502</link>
		<dc:creator>garry hailey</dc:creator>
		<pubDate>Wed, 14 Jan 2009 22:37:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/#comment-307502</guid>
		<description>Explain moderation? I&#039;m not a lawyer who uses big words, just someone that has learned a valuable lesson to the tune of a couple of thousand dollars.</description>
		<content:encoded><![CDATA[<p>Explain moderation? I&#8217;m not a lawyer who uses big words, just someone that has learned a valuable lesson to the tune of a couple of thousand dollars.</p>
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	<item>
		<title>By: garry hailey</title>
		<link>http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/comment-page-1/#comment-307501</link>
		<dc:creator>garry hailey</dc:creator>
		<pubDate>Wed, 14 Jan 2009 22:34:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/#comment-307501</guid>
		<description>I have finally turned my complaints over to consumer affairs. Due to misleading information; bait and switch tactics. I will never buy anything from Home Depot.com and a few of it&#039;s affiliants that will tell you a lie in a minute. QCA Spas; Your Other Warehouse, and who knows what other vendors they use. They know they are wrong; but if it gets bucks in there pocket, who cares. I do a lot of business with Home Depot; no problems. But the internet stores, forget it. The first thing they tell you when they answer the phone is &quot;no returns&quot;. If you deal with them, you need your head exaimined. My ocassion with them has put me under so much mental stress that it has made me physically sick!</description>
		<content:encoded><![CDATA[<p>I have finally turned my complaints over to consumer affairs. Due to misleading information; bait and switch tactics. I will never buy anything from Home Depot.com and a few of it&#8217;s affiliants that will tell you a lie in a minute. QCA Spas; Your Other Warehouse, and who knows what other vendors they use. They know they are wrong; but if it gets bucks in there pocket, who cares. I do a lot of business with Home Depot; no problems. But the internet stores, forget it. The first thing they tell you when they answer the phone is &#8220;no returns&#8221;. If you deal with them, you need your head exaimined. My ocassion with them has put me under so much mental stress that it has made me physically sick!</p>
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	<item>
		<title>By: Davos Newbies &#187; Blog Archive &#187; The rewards of failure</title>
		<link>http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/comment-page-1/#comment-35481</link>
		<dc:creator>Davos Newbies &#187; Blog Archive &#187; The rewards of failure</dc:creator>
		<pubDate>Wed, 03 Jan 2007 20:51:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/#comment-35481</guid>
		<description>[...] When I wrote about Nardelli before I hoped that &#8220;a reaction against the contemptuous and arrogant behavior of chairman and CEO Robert Nardelli will be a turning point in the outrageous rewards grabbed by so many corporate chieftains in the US&#8221;. I was pessimistic, but maybe the worm is turning. By the way, don&#8217;t feel too sorry for the guy. His leaving package amounts to $210 million. [...]</description>
		<content:encoded><![CDATA[<p>[...] When I wrote about Nardelli before I hoped that &#8220;a reaction against the contemptuous and arrogant behavior of chairman and CEO Robert Nardelli will be a turning point in the outrageous rewards grabbed by so many corporate chieftains in the US&#8221;. I was pessimistic, but maybe the worm is turning. By the way, don&#8217;t feel too sorry for the guy. His leaving package amounts to $210 million. [...]</p>
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		<title>By: Gary from Oregon</title>
		<link>http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/comment-page-1/#comment-34830</link>
		<dc:creator>Gary from Oregon</dc:creator>
		<pubDate>Fri, 29 Dec 2006 19:23:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/#comment-34830</guid>
		<description>Well, the bad customer service problems continue. 

We ordered a door and they lost the order. We ordered a bathtub, and they couldn&#039;t find it AFTER it was received. We ordered carpet, and two days AFTER it was suppose to be delivered they called to tell me it had been back ordered. It took 5 phone calls to get them to cancel the order. And they still billed me for the stuff. Then it took another 10 phone calls to get a credit. And we are still not done...they charged me a re-stocking fee even though they promised they wouldn&#039;t!

I&#039;ve called President&#039;s [Nardelli&#039;s] office, no return call. I&#039;ve called The Dalles branch manager [Robert Tilton], no return call.

So, until they give a damn, I&#039;m taking my business elsewhere. 

Buyer beware. Home Depot has gone from a good company to one that just doesn&#039;t care!!!!!

Gary Rains
Hood River, Oregon</description>
		<content:encoded><![CDATA[<p>Well, the bad customer service problems continue. </p>
<p>We ordered a door and they lost the order. We ordered a bathtub, and they couldn&#8217;t find it AFTER it was received. We ordered carpet, and two days AFTER it was suppose to be delivered they called to tell me it had been back ordered. It took 5 phone calls to get them to cancel the order. And they still billed me for the stuff. Then it took another 10 phone calls to get a credit. And we are still not done&#8230;they charged me a re-stocking fee even though they promised they wouldn&#8217;t!</p>
<p>I&#8217;ve called President&#8217;s [Nardelli's] office, no return call. I&#8217;ve called The Dalles branch manager [Robert Tilton], no return call.</p>
<p>So, until they give a damn, I&#8217;m taking my business elsewhere. </p>
<p>Buyer beware. Home Depot has gone from a good company to one that just doesn&#8217;t care!!!!!</p>
<p>Gary Rains<br />
Hood River, Oregon</p>
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		<title>By: Don Wenzel</title>
		<link>http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/comment-page-1/#comment-10967</link>
		<dc:creator>Don Wenzel</dc:creator>
		<pubDate>Sat, 10 Jun 2006 14:36:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/#comment-10967</guid>
		<description>The Home Depot still has a lot of customer service problems they need to correct. They have now installed 3 new roofs on my house in eight months. I still have problems that need corrected. I have email addresses to 5 key Home Depot employees, like branch manager, installation manager,project manager and it takes the several weeks to respond to letter. They make appointment to come out and don&#039;t show up or call. I have waited an entire Saturday, came home from work and they did not show up. Please visit my web site and read my journal. www.freewebs.com/myroof

Thank you
Don Wenzel
Oxford, Michigan</description>
		<content:encoded><![CDATA[<p>The Home Depot still has a lot of customer service problems they need to correct. They have now installed 3 new roofs on my house in eight months. I still have problems that need corrected. I have email addresses to 5 key Home Depot employees, like branch manager, installation manager,project manager and it takes the several weeks to respond to letter. They make appointment to come out and don&#8217;t show up or call. I have waited an entire Saturday, came home from work and they did not show up. Please visit my web site and read my journal. <a href="http://www.freewebs.com/myroof" rel="nofollow">http://www.freewebs.com/myroof</a></p>
<p>Thank you<br />
Don Wenzel<br />
Oxford, Michigan</p>
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	<item>
		<title>By: Elizabeth</title>
		<link>http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/comment-page-1/#comment-10530</link>
		<dc:creator>Elizabeth</dc:creator>
		<pubDate>Sun, 04 Jun 2006 18:12:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/#comment-10530</guid>
		<description>I am a graduate student working on a team paper about Home Depot and how Nardelli and the HD executive team were able to win the hearts and minds of its employees.  
I am conflicted; on the one hand, Nardelli appears to have been the right man at the right time to improve the business functions of the company. However, he is not what one thinks of as a warm and fuzzy leader,  inspiring a positive culture and maintaining it.  Compensation matters aside, has a positive cultural change occured or is it just a robotic response to a dictatorial leadership style?</description>
		<content:encoded><![CDATA[<p>I am a graduate student working on a team paper about Home Depot and how Nardelli and the HD executive team were able to win the hearts and minds of its employees.<br />
I am conflicted; on the one hand, Nardelli appears to have been the right man at the right time to improve the business functions of the company. However, he is not what one thinks of as a warm and fuzzy leader,  inspiring a positive culture and maintaining it.  Compensation matters aside, has a positive cultural change occured or is it just a robotic response to a dictatorial leadership style?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Davos Newbies &#187; Blog Archive &#187; Home Depot response: positive culture change</title>
		<link>http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/comment-page-1/#comment-10253</link>
		<dc:creator>Davos Newbies &#187; Blog Archive &#187; Home Depot response: positive culture change</dc:creator>
		<pubDate>Thu, 01 Jun 2006 22:17:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/#comment-10253</guid>
		<description>[...] The most revealing comment, however, has come from Home Depot&#8217;s public relations department. Sheryll Campbell provides the complete text of a press release from the company detailing the votes at their annual meeting and stating that they will return to a more conventional format for meetings in future &#8212; not one that seems designed to ignore dissident opinions. [...]</description>
		<content:encoded><![CDATA[<p>[...] The most revealing comment, however, has come from Home Depot&#8217;s public relations department. Sheryll Campbell provides the complete text of a press release from the company detailing the votes at their annual meeting and stating that they will return to a more conventional format for meetings in future &#8212; not one that seems designed to ignore dissident opinions. [...]</p>
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	<item>
		<title>By: Davos Newbies &#187; Blog Archive &#187; Home Depot response – a sign of positive culture change</title>
		<link>http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/comment-page-1/#comment-10247</link>
		<dc:creator>Davos Newbies &#187; Blog Archive &#187; Home Depot response – a sign of positive culture change</dc:creator>
		<pubDate>Thu, 01 Jun 2006 21:34:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/#comment-10247</guid>
		<description>[...] The other day I wrote an angry post about Home Depot. It has generated some interesting replies, both on the side that the company is getting many things wrong under Bob Nardelli and on the side that, however outsized Nardelli&#8217;s compensation may be, it is wrong to judge the company&#8217;s performance on share price. [...]</description>
		<content:encoded><![CDATA[<p>[...] The other day I wrote an angry post about Home Depot. It has generated some interesting replies, both on the side that the company is getting many things wrong under Bob Nardelli and on the side that, however outsized Nardelli&#8217;s compensation may be, it is wrong to judge the company&#8217;s performance on share price. [...]</p>
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	<item>
		<title>By: Sheryll Campbell</title>
		<link>http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/comment-page-1/#comment-10245</link>
		<dc:creator>Sheryll Campbell</dc:creator>
		<pubDate>Thu, 01 Jun 2006 21:18:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/#comment-10245</guid>
		<description>Thought you might be interested in reading this news release the company posted today.

The Home Depot Reports Final Votes on Company and Shareholder Proposals, and Will Implement Majority Vote Measures 

ATLANTA, June 1 /PRNewswire-FirstCall/ -- The Home Depot(R), the world&#039;s largest home improvement retailer, today released the final voting results for proposals presented at its 2006 annual meeting of shareholders.

As stated in its first quarter fiscal 2006 form 10Q filed today with the Securities and Exchange Commission, all directors were elected to one-year terms and KPMG LLP was ratified as the Company&#039;s public accounting firm.  The shareholder proposal that requested election of directors by majority
vote was approved by 56 percent. The Company said it has agreed to implement majority vote measures in advance of the 2007 annual meeting.

In addition, the Company said today it would return to its previous format for its 2007 annual meeting of shareholders.

&quot;Consistent with the way we run our company - in which we listen, learn and lead - we will return to our traditional format for next year&#039;s annual shareholders meeting, which will include a business overview, the
presentation of proposals, an opportunity for shareholder questions and with the board of directors in attendance,&quot; said Bob Nardelli, chairman, president &amp; CEO.

The Home Depot has a long-standing commitment to the highest standards of corporate governance and transparency. Details of the Company&#039;s corporate governance program can be found at
http://ir.homedepot.com/governance/home.cfm.

In fiscal 2005, the Company produced a number of records, including record diluted earnings per share of $2.72, up 20.4 percent over the previous year, and record sales of $81.5 billion, up 11.5 percent over the
previous year. In addition, the Company returned approximately 67 percent of its earnings to shareholders in the form of dividends and share repurchases in 2005. The Company, which has grown from $45.7 billion in sales in 2000 to $81.5 billion in 2005, is only one of two companies in the Dow Jones industrial average to have exceeded 20 percent EPS growth for each of the past four years. Since 2002, the Company has returned in excess of $15 billion to its shareholders in the form of share repurchases and dividends.

The vote results for each of the Company and shareholder proposals up for consideration last week are attached.

The Home Depot(R) is the world&#039;s largest home improvement specialty retailer, with 2,065 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, 10 Canadian provinces and
Mexico. Through its HD Supply(SM) businesses, The Home Depot is also one of the largest diversified wholesale distributors in the United States, with more than 900 locations in the United States and Canada offering products and services for building, improving and maintaining homes, businesses and municipal infrastructures. In fiscal 2005, The Home Depot had sales of $81.5 billion and earnings of $5.8 billion. The Company employs approximately 355,000 associates and has been recognized by FORTUNE magazine as the No. 1 Most Admired Specialty Retailer and the No. 13 Most Admired Corporation in America for 2006. The Home Depot&#039;s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard &amp; Poor&#039;s 500 index. 
          

THE HOME DEPOT, INC. AND SUBSIDIARIES
At the Company&#039;s Annual Meeting of Shareholders held on May 25, 2006, shareholders of the Company elected the following nominees to the Board of Directors to serve a one-year term. Votes cast were as follows:

Gregory D. Brenneman              
For:      1,289,068,180  69%         
Withheld:   572,556,479  31%      

Lawrence R. Johnston
For:      1,272,409,714  68%
Withheld:   589,214,945  32%

John L. Clendenin                 
For:      1,279,570,255  69%      
Withheld:   582,054,404  31%      

Kenneth G. Langone
For:      1,264,971,624  68%
Withheld:   596,653,035  32%

Claudio X. Gonzalez               
For:      1,193,403,910  64%      
Withheld:   668,220,750  36%      

Angelo R. Mozilo
For:      1,715,993,958  92%
Withheld:   145,630,701   8%

Milledge A. Hart, III             
For:      1,280,074,303  69%      
Withheld:   581,550,356  31%      

Robert L. Nardelli
For:      1,269,267,985  68%
Withheld:   592,356,674  32%

Bonnie G. Hill                    
For:      1,263,578,383  68%      
Withheld:   598,046,276  32%      

Thomas J. Ridge
For:      1,278,218,326  69%
Withheld:   583,406,334  31%

Laban P. Jackson, Jr.
For:      1,294,205,910  70%
Withheld:   567,418,749  30%



THE HOME DEPOT, INC. AND SUBSIDIARIES
Shareholders ratified the appointment of KPMG LLP as the Company&#039;s independent registered public accounting firm for fiscal 2006. Votes cast were as follows:
     For:           1,815,052,235  98%
     Against:          27,983,600   2%
     Abstention:       18,588,824

Shareholders rejected a shareholder proposal regarding committee report. Votes cast were as follows:
     For:             551,110,720  40%
     Against:         817,773,414  60%
     Abstention:       99,574,488
     Non-votes:       393,166,038

Shareholders rejected a shareholder proposal regarding employment diversity report disclosure. Votes cast were as follows:
     For:             482,060,084  36%
     Against:         860,111,212  64%
     Abstention:      126,287,325
     Non-votes:       393,166,038

Shareholders rejected a shareholder proposal regarding chairman and CEO. Votes cast were as follows:
     For:             588,608,576  41%
     Against:         856,864,957  59%
     Abstention:       22,985,088
     Non-votes:       393,166,038

Shareholders supported a shareholder proposal regarding method of voting for directors. Votes cast were as follows:
     For:             805,803,485  56%
     Against:         632,823,840  44%
     Abstention:       29,831,297
     Non-votes:       393,166,038

Shareholders rejected a shareholder proposal regarding retirement benefits. Votes cast were as follows:
     For:             632,096,084  45%
     Against:         762,704,947  55%
     Abstention:       73,657,591
     Non-votes:       393,166,038

Shareholders rejected a shareholder proposal regarding political contributions. Votes cast were as follows:
     For:             453,568,417  34%
     Against:         880,812,521  66%
     Abstention:      134,077,683
     Non-votes:       393,166,038

Shareholders rejected a shareholder proposal regarding governing documents. Votes cast were as follows:
     For:             608,669,882  44%
     Against:         767,365,255  56%
     Abstention:       92,423,484
     Non-votes:       393,166,038

Shareholders rejected a shareholder proposal regarding politicalnonpartisanship. Votes cast were as follows:
     For:             160,096,666  12%
     Against:       1,170,768,180  88%
     Abstention:      137,593,775
     Non-votes:      393,166,038

SOURCE The Home Depot</description>
		<content:encoded><![CDATA[<p>Thought you might be interested in reading this news release the company posted today.</p>
<p>The Home Depot Reports Final Votes on Company and Shareholder Proposals, and Will Implement Majority Vote Measures </p>
<p>ATLANTA, June 1 /PRNewswire-FirstCall/ &#8212; The Home Depot(R), the world&#8217;s largest home improvement retailer, today released the final voting results for proposals presented at its 2006 annual meeting of shareholders.</p>
<p>As stated in its first quarter fiscal 2006 form 10Q filed today with the Securities and Exchange Commission, all directors were elected to one-year terms and KPMG LLP was ratified as the Company&#8217;s public accounting firm.  The shareholder proposal that requested election of directors by majority<br />
vote was approved by 56 percent. The Company said it has agreed to implement majority vote measures in advance of the 2007 annual meeting.</p>
<p>In addition, the Company said today it would return to its previous format for its 2007 annual meeting of shareholders.</p>
<p>&#8220;Consistent with the way we run our company &#8211; in which we listen, learn and lead &#8211; we will return to our traditional format for next year&#8217;s annual shareholders meeting, which will include a business overview, the<br />
presentation of proposals, an opportunity for shareholder questions and with the board of directors in attendance,&#8221; said Bob Nardelli, chairman, president &amp; CEO.</p>
<p>The Home Depot has a long-standing commitment to the highest standards of corporate governance and transparency. Details of the Company&#8217;s corporate governance program can be found at<br />
<a href="http://ir.homedepot.com/governance/home.cfm" rel="nofollow">http://ir.homedepot.com/governance/home.cfm</a>.</p>
<p>In fiscal 2005, the Company produced a number of records, including record diluted earnings per share of $2.72, up 20.4 percent over the previous year, and record sales of $81.5 billion, up 11.5 percent over the<br />
previous year. In addition, the Company returned approximately 67 percent of its earnings to shareholders in the form of dividends and share repurchases in 2005. The Company, which has grown from $45.7 billion in sales in 2000 to $81.5 billion in 2005, is only one of two companies in the Dow Jones industrial average to have exceeded 20 percent EPS growth for each of the past four years. Since 2002, the Company has returned in excess of $15 billion to its shareholders in the form of share repurchases and dividends.</p>
<p>The vote results for each of the Company and shareholder proposals up for consideration last week are attached.</p>
<p>The Home Depot(R) is the world&#8217;s largest home improvement specialty retailer, with 2,065 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, 10 Canadian provinces and<br />
Mexico. Through its HD Supply(SM) businesses, The Home Depot is also one of the largest diversified wholesale distributors in the United States, with more than 900 locations in the United States and Canada offering products and services for building, improving and maintaining homes, businesses and municipal infrastructures. In fiscal 2005, The Home Depot had sales of $81.5 billion and earnings of $5.8 billion. The Company employs approximately 355,000 associates and has been recognized by FORTUNE magazine as the No. 1 Most Admired Specialty Retailer and the No. 13 Most Admired Corporation in America for 2006. The Home Depot&#8217;s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard &amp; Poor&#8217;s 500 index. </p>
<p>THE HOME DEPOT, INC. AND SUBSIDIARIES<br />
At the Company&#8217;s Annual Meeting of Shareholders held on May 25, 2006, shareholders of the Company elected the following nominees to the Board of Directors to serve a one-year term. Votes cast were as follows:</p>
<p>Gregory D. Brenneman<br />
For:      1,289,068,180  69%<br />
Withheld:   572,556,479  31%      </p>
<p>Lawrence R. Johnston<br />
For:      1,272,409,714  68%<br />
Withheld:   589,214,945  32%</p>
<p>John L. Clendenin<br />
For:      1,279,570,255  69%<br />
Withheld:   582,054,404  31%      </p>
<p>Kenneth G. Langone<br />
For:      1,264,971,624  68%<br />
Withheld:   596,653,035  32%</p>
<p>Claudio X. Gonzalez<br />
For:      1,193,403,910  64%<br />
Withheld:   668,220,750  36%      </p>
<p>Angelo R. Mozilo<br />
For:      1,715,993,958  92%<br />
Withheld:   145,630,701   8%</p>
<p>Milledge A. Hart, III<br />
For:      1,280,074,303  69%<br />
Withheld:   581,550,356  31%      </p>
<p>Robert L. Nardelli<br />
For:      1,269,267,985  68%<br />
Withheld:   592,356,674  32%</p>
<p>Bonnie G. Hill<br />
For:      1,263,578,383  68%<br />
Withheld:   598,046,276  32%      </p>
<p>Thomas J. Ridge<br />
For:      1,278,218,326  69%<br />
Withheld:   583,406,334  31%</p>
<p>Laban P. Jackson, Jr.<br />
For:      1,294,205,910  70%<br />
Withheld:   567,418,749  30%</p>
<p>THE HOME DEPOT, INC. AND SUBSIDIARIES<br />
Shareholders ratified the appointment of KPMG LLP as the Company&#8217;s independent registered public accounting firm for fiscal 2006. Votes cast were as follows:<br />
     For:           1,815,052,235  98%<br />
     Against:          27,983,600   2%<br />
     Abstention:       18,588,824</p>
<p>Shareholders rejected a shareholder proposal regarding committee report. Votes cast were as follows:<br />
     For:             551,110,720  40%<br />
     Against:         817,773,414  60%<br />
     Abstention:       99,574,488<br />
     Non-votes:       393,166,038</p>
<p>Shareholders rejected a shareholder proposal regarding employment diversity report disclosure. Votes cast were as follows:<br />
     For:             482,060,084  36%<br />
     Against:         860,111,212  64%<br />
     Abstention:      126,287,325<br />
     Non-votes:       393,166,038</p>
<p>Shareholders rejected a shareholder proposal regarding chairman and CEO. Votes cast were as follows:<br />
     For:             588,608,576  41%<br />
     Against:         856,864,957  59%<br />
     Abstention:       22,985,088<br />
     Non-votes:       393,166,038</p>
<p>Shareholders supported a shareholder proposal regarding method of voting for directors. Votes cast were as follows:<br />
     For:             805,803,485  56%<br />
     Against:         632,823,840  44%<br />
     Abstention:       29,831,297<br />
     Non-votes:       393,166,038</p>
<p>Shareholders rejected a shareholder proposal regarding retirement benefits. Votes cast were as follows:<br />
     For:             632,096,084  45%<br />
     Against:         762,704,947  55%<br />
     Abstention:       73,657,591<br />
     Non-votes:       393,166,038</p>
<p>Shareholders rejected a shareholder proposal regarding political contributions. Votes cast were as follows:<br />
     For:             453,568,417  34%<br />
     Against:         880,812,521  66%<br />
     Abstention:      134,077,683<br />
     Non-votes:       393,166,038</p>
<p>Shareholders rejected a shareholder proposal regarding governing documents. Votes cast were as follows:<br />
     For:             608,669,882  44%<br />
     Against:         767,365,255  56%<br />
     Abstention:       92,423,484<br />
     Non-votes:       393,166,038</p>
<p>Shareholders rejected a shareholder proposal regarding politicalnonpartisanship. Votes cast were as follows:<br />
     For:             160,096,666  12%<br />
     Against:       1,170,768,180  88%<br />
     Abstention:      137,593,775<br />
     Non-votes:      393,166,038</p>
<p>SOURCE The Home Depot</p>
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	</item>
	<item>
		<title>By: Nathan</title>
		<link>http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/comment-page-1/#comment-10196</link>
		<dc:creator>Nathan</dc:creator>
		<pubDate>Thu, 01 Jun 2006 03:40:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.davosnewbies.com/2006/05/27/culture-change-at-home-depot/#comment-10196</guid>
		<description>I will speak only of my opinion. I am a part of the management team in a home depot store. We have a group of very talented and intelligent associates in our store and market. I am of the opinion that your performance reflects in your compensation. I also believe that your performance is a reflection of the leadership you have. So why is it that the proud, hard working associates who give so much to the company recieve so little in return? The answer is clear. The dollars that should go to the people who make the money for the company is instead filtered into the deep and already well lined pockets of Bob Nardelli. The recent actions of Bob Nardelli and the Board of Directors has me concerned. Why are you being befensive on issues that effect all of us? My message to Bob: Stop measuring customer service, and rather start inspiring it. My message to the Board of Directors: Stop supporting the executives and start doing your jobs looking out for the shareholders. One final message for 2 great men with visions and leadership: The home depot needed you to become what we are. We need you again to help save what we should be.</description>
		<content:encoded><![CDATA[<p>I will speak only of my opinion. I am a part of the management team in a home depot store. We have a group of very talented and intelligent associates in our store and market. I am of the opinion that your performance reflects in your compensation. I also believe that your performance is a reflection of the leadership you have. So why is it that the proud, hard working associates who give so much to the company recieve so little in return? The answer is clear. The dollars that should go to the people who make the money for the company is instead filtered into the deep and already well lined pockets of Bob Nardelli. The recent actions of Bob Nardelli and the Board of Directors has me concerned. Why are you being befensive on issues that effect all of us? My message to Bob: Stop measuring customer service, and rather start inspiring it. My message to the Board of Directors: Stop supporting the executives and start doing your jobs looking out for the shareholders. One final message for 2 great men with visions and leadership: The home depot needed you to become what we are. We need you again to help save what we should be.</p>
]]></content:encoded>
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