Tuesday, February 06, 2007

Relational Investors' Batchelder Joins Home Depot's (HD) Board

Activist fund Relational Investors scores a board seat in its fight with Home Depot. Will it help the stock?

Late Monday, The Home Depot (NYSE: HD) and Relational Investors LLC announced they reached an agreement on corporate governance matters. As part of the agreement, David H. Batchelder, a principal of Relational, will join The Home Depot board of directors on February 22, 2007, and Relational has agreed to drop its proxy contest.

Batchelder also will be appointed to the Leadership Development and Compensation Committee and to the Audit Committee.

Link to past reports on Home Depot and Relational Investors

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Anonymous Anonymous said...

David Batchelder and Ralph Whitworth are a couple of fat cat wannabees. Their success lies in constantly attacting a new crop of starry eyed investors to join their ranks. Neither can point to anything positive that has come from their direct involvement in any public company that they have been associated with, other than the increased consumption of paper and stamps.If your review their holdings and partnerships, it has all of the earmarks of a classic Pnzi scheme.

12:01 PM  

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