Thursday, January 25, 2007

Home Depot pays millions less to new CEO

Hmm, it looks like Home Depot is one of the first major companies, and hopefully not the last, to reduce the enormous salary for it's CEO. The former CEO made over $20 million, the new one over $8 million. That still seems out of proportion, but at least it's a start in the right direction. I guess they were only prompted to do this because that even more enormous salary was cutting into stock holder profits, I don't think they're considering bumping the average worker's salary, but I could be wrong.

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