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Office Depot, Inc. Message Board

  • suzeorwoman suzeorwoman Jul 16, 2013 2:30 PM Flag

    Post merger company

    take current OMX with ODP, you get a conservative $4.75-$5.00. That's if they don't get any of the planned synergies.

    They make it sound like hiring Korn/Ferry is a good thing. They are high priced exec headhunters who swizzle around a pool of losers. I worked for a couple of their superstars at diff companies-one was gone in 18 months (hasn't found another exec position yet) and the other for about one year (she moved on to another company and lasted less than a year there). 30% of comp package as their rate to vet these candidates...they will obviously push for an outside hire. And since there are big Change in Control payouts to OMX sr management anyway, might as well clean house on both CEO/CFO. Maybe Saligram can take his fortune and go buy back his house in Philly that OMX paid for. If he gets the ODP job, let's see what he can get for the mansion in Naperville if he relocates to sunny Florida.

 
ODP
3.40+0.09(+2.72%)Jul 1 4:00 PMEDT