Corporate Governance
Good corporate governance - pointing out corporate directors who should and shouldn't be elected anywhere. This is my attempt to keep track of good people for board of directors and keep track of people who should be avoided.Sunday, November 19, 2006
Home Depot raises their dividend again
Home Depot declared a third-quarter dividend of 22.5 cents a share, a rise of 50 percent over the second-quarter payout of 15 cents. In January, the company also raised its quarterly dividend by 50 percent.
from Reuters
So, what's the problem here? Because the CEO and insiders know the company has a problem and is marketing the stock to people who want the dividend and will stick it out.
Investors should know what's being marketed to them and why.
They also have a new director:
Helen Johnson-Leipold, 49. She is chairman and chief executive officer of Johnson Outdoors Inc., a recreational products company, and chairman of Johnson Financial Group, a financial services company.
But the good news, some of the existing directors are retiring, including Langone.
The retiring directors are John L. Clendenin, 72; Claudio X. Gonzalez, 72; Milledge A. Hart III, 72; and Kenneth G. Langone, 71.
That will make the new board:
Robert L. Nardelli
Chairman, President, and CEO
The Home Depot, Inc.
Frank Blake
Vice Chairman of the Board of Directors and Executive Vice President
The Home Depot
Gregory D. Brenneman
Chairman & CEO
TurnWorks, Inc.
Bonnie G. Hill
President
B. Hill Enterprises, LLC
Laban P. Jackson Jr.
Chairman & CEO
Clear Creek Properties, Inc.
Helen Johnson-Leipold
Chairman and CEO Johnson Outdoors Inc.
Chairman Johnson Financial Group
Lawrence R. Johnston
Former Chairman, CEO & President
Albertsons, Inc.
Angelo Mozilo
Chairman and Chief Executive Officer
Countrywide Financial Corporation
Thomas J. Ridge
Former Secretary of Homeland Security and Governor of Pennsylvania
from Reuters
So, what's the problem here? Because the CEO and insiders know the company has a problem and is marketing the stock to people who want the dividend and will stick it out.
Investors should know what's being marketed to them and why.
They also have a new director:
Helen Johnson-Leipold, 49. She is chairman and chief executive officer of Johnson Outdoors Inc., a recreational products company, and chairman of Johnson Financial Group, a financial services company.
But the good news, some of the existing directors are retiring, including Langone.
The retiring directors are John L. Clendenin, 72; Claudio X. Gonzalez, 72; Milledge A. Hart III, 72; and Kenneth G. Langone, 71.
That will make the new board:
Robert L. Nardelli
Chairman, President, and CEO
The Home Depot, Inc.
Frank Blake
Vice Chairman of the Board of Directors and Executive Vice President
The Home Depot
Gregory D. Brenneman
Chairman & CEO
TurnWorks, Inc.
Bonnie G. Hill
President
B. Hill Enterprises, LLC
Laban P. Jackson Jr.
Chairman & CEO
Clear Creek Properties, Inc.
Helen Johnson-Leipold
Chairman and CEO Johnson Outdoors Inc.
Chairman Johnson Financial Group
Lawrence R. Johnston
Former Chairman, CEO & President
Albertsons, Inc.
Angelo Mozilo
Chairman and Chief Executive Officer
Countrywide Financial Corporation
Thomas J. Ridge
Former Secretary of Homeland Security and Governor of Pennsylvania
posted by Larry Diamond # 6:09 PM 
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