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Nardelli considered for Office Depot chief

BY HBSDealer Staff

Former Home Depot CEO Bob Nardelli, the hard-charging executive with a reputation for a top-down management style, is among the candidates for the top executive post at Office Depot and OfficeMax. 

According to an article in the WSJ, the combined office products company hopes to name its CEO by September.

Nardelli left Home Depot in January of 2007 amid a clash with the board of his pay. He is the former CEO of Chrysler, and he currently serves as an advisor for private-equity firm Cerberus. 

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Ferro to Fight for Charity

BY HBSDEALER Staff

Sal Ferro, president and CEO of Alure Home Improvements, is one of more than 20 New York area business professionals who are boxing for charity in the 10th Long Island Fight for Charity. 

The bouts are scheduled for Nov. 25.

Alure Home Improvements weighed in as the major sponsor for Fight for Charity. Ferro will be pitted against other local business professionals during the charitable sporting event, which will consist of 10 bouts. 

Ferro has very limited boxing experience, but he is no stranger to charity. He contributed to eight renovations for "ABC’s Extreme Makeover: Home Edition" television show. 

Fight for Charity is a regional fundraising and networking event with more than 1,200 people expected in attendance this year, and this year’s event projected to raise more than $200,000 to support members of the community through The Long Island Community Chest. 

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HCN Stock Watch: Valspar sputters

BY HBSDEALER Staff

Valspar took a 6.25% dive on Tuesday after the company released its third-quarter earnings, which fell below expectations and resulted in a downwardly revised full-year outlook.

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