Home Depot or Lowe’s?

[F]or any of those who still believe that pay has any relationship to performance, check out (Home Depot‘s ex-CEO) Nardelli’s pay relative to that of Robert Niblock’s at Lowe’s.

Over the last three years, Nardelli’s base salary, bonus, and other compensation (loan forgiveness) totaled $37.4 million – more than quadruple the $8.1 million that Niblock got! The picture gets a lot worse when you add in grants of restricted stock and options.

Over the last three years, Nardelli got almost $40 million in restricted stock, and over 1.7 million options. Niblock got $9.4 million in restricted stock and 272,000 options. (…)

[The] new Home Depot CEO Frank Blake has a radically different compensation structure than his predecessor. He may earn up to $8.9 million this year, but a hefty portion of that is at risk, and he has no severance package. (Money)


Coke and Pepsi, McDonald’s and Burger King, Boeing and Airbus—this is an economy full of duopolies. One of those pairs, UPS and FedEx, is proving to be a fascinating Rorschach test about the state of the economy.

UPS and FedEx both make excellent bellwethers for the stock market as well as the economy at large. They have their fingers on the pulse of trade and services. When the economy is humming, these firms process ever-larger quantities of parcels, envelopes, and boxes. FedEx and UPS are also heavily exposed to price changes in key inputs—particularly transportation and fuel. So, their results can tell us quite a lot about how rising costs affect corporate profits, and thus stock prices.

Same but different:

FedEx gets most of its revenues from express delivery and has a small retail copying unit (Kinko’s); UPS has a larger presence in the global freight market. (via)