Francis S. Blake is a seasoned executive with a significant track record in the corporate world, particularly known for his leadership at Home Depot. He took over as CEO in 2007 after holding crucial roles at General Electric, where he...

Number of Employees

471.6K

Year

2014

Total Compensation

$1.09M

Salary

$987.00K

Board Justification

The compensation philosophy aligns pay with performance, with a significant portion of total compensation tied to the achievement of corporate performance objectives and share price performance.

Bonus

$0.00

Board Justification

The bonus is based on the Management Incentive Plan (MIP) which is contingent on the achievement of financial performance goals set by the LDC Committee at the beginning of the fiscal year.

Other

$105.50K

Board Justification

Other compensation includes matching contributions to charitable organizations and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2014 as the focus is on the compensation excluding stock grants and options.

Performance Metrics

The performance metrics for the CEO's compensation are based on the achievement of financial performance goals set by the LDC Committee.

SEC Filing

From April 6, 2015