Home Depot CEO Receives 9.2 Million Total Compensation

Home Depot (HD) CEO Frank Blake received compensation valued at $9.2 million in 2008 – a 20 percent increase from the previous year – as the company’s profit dipped and the retailer laid off 7,000 workers , according to a regulatory filing Monday.

For the 2008 fiscal year, Home Depot’s profit fell 49 percent to $2.26 billion, or $1.34 per share, from $4.4 billion, or $2.37 per share.

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