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Fifth Third Asset Management owns Home Depot shares.The resignation also may bring near-term help to the company's shares, some analysts said.After over a year of hard-fought litigation, Robbins Geller was able to negotiate a favorable resolution of the litigation, which will result in significant corporate governance reforms at Home Depot. Herman spearheaded the litigation on behalf of plaintiffs.

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Company Statement In a statement, Home Depot said Nardelli provided the company with "strong leadership" during his tenure as CEO.

"The Home Depot has delivered strong and consistent growth and gained market share under Bob's leadership, and we believe that the company is well positioned to continue to do so," the company said.

Landmark Corporate Governance Reforms Achieved at Home Depot Shareholder activism has led to significant new reforms at Home Depot.

After a wave of unprecedented shareholder backlash caused in large part by CEO Robert Nardelli’s obscene compensation package and the revelation that Nardelli and others had received “backdated” stock options, six separate shareholder derivative suits were filed in Atlanta, Georgia.

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Last modified 13-Oct-2019 05:36