New Home Depot CEO Could Earn $8.9M
Atlanta, The Home Depot Inc.’s new CEO could earn as much as $8.9 million in total compensation this year, the retailer said in a regulatory filing Wednesday. Frank Blake’s compensation is smaller than the roughly $24 million a year on average that former CEO Robert Nardelli received.
According to Wednesday’s filing with the Securities and Exchange Commission, Blake will earn a base salary this year of $975,000. He also could be entitled to a management incentive-plan award equal to double his base salary and a long-term incentive award equal to his base salary.
The filing says Blake’s compensation for 2007 also includes up to $5 million in equity in the company based on how Home Depot’s share price performs and the amount of total shareholder return.
Survey: Wealthy Rank Harry Winston as Top Jewelry Brand
New York City, Ultra-wealthy consumers rate Harry Winston the leading brand of luxury jewelry by a wide margin, with Buccellati coming in second, slightly above third-place Cartier, according to the Luxury Institute’s 2007 Luxury Brand Status Index (LBSI) survey of Luxury Jewelry.
The 20 luxury jewelry brands surveyed in alphabetical order include: Asprey, Blue Nile, Boucheron, Buccellati, Bulgari, Carrera y Carrera, Cartier, Chanel, Chopard, David Yurman, DeBeers, Dior, FRED, Graff, Gucci, Harry Winston, Mikimoto, Piaget, Tiffany, and Van Cleef and Arpels.
A nationally representative sample of ultra-wealthy American consumers, with a minimum household income of $200,000 and a minimum household net worth of $5 million, was surveyed online.
Goody’s Hires Former Limited Executive
Knoxville, Tenn., Goody’s Family Clothing Inc. on Monday named a former Limited Brands executive as its new CEO. Chuck Turlinski, who for the past three years was the CEO of The Limited Brands Inc., spent the past 10 years as a senior manager in various divisions of Limited. He will assume the new job on Feb. 14.