Saturday, January 14, 2006

More on Home Depot

Here's additional info from The Atlanta Journal . The most interesting nugget is this:
In the complaint against Home Depot, ex-employee Michael Davis alleges the Atlanta-based chain processed false claims and reported fake quantities of defective or damaged items to vendors to collect added revenue that could reach $40,000 to $50,000 a week at a store.
That sounds wildly exaggerated to me. $40k/week = $2mil/year x 2000 stores = $4bil/year. Sorry, but I'm not buying it.

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