1. Home Depot Inc., the world's largest home-improvement retailer, is reversing previous management plans to expand HD Supply and agreed to sell its contractor-supplies unit to three buyout firms for $10.3 billion amid the most severe housing recession in 16 years
2. It may purchase a record $22.5 billion or 30 percent of its stock to reverse two years of declining shares.
3. It will finance the buyback with proceeds from the sale, existing cash and $12 billion of bonds.
4. It increased the number of directors needed to approve executive compensation and agreed to disclose some political donations for the first time.
Should businesses have special task forces for continuously paring down the latest unproductive expenses not always immediately visible to pre-occupied line managers?
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