Well guys, in my opinion, this won't mean anything to us. It WILL however help line the pockets of those in management. I think they should take at least half the money and divide it up between "common" stockholders. That would be around $1.23 per share. If OfficeMax can spread it around why can't OfficeDepot? Oh yea, I forgot: We are not part of the crooked bunch managing this place so we will get nothing.
There are several folks at the top in this company who should be spending the next several years behind bars.
700 million for Mexicl
350 million to shareholders
286 million shares (plus a few)
350 million dollars divided by 286 million shares = approximately 1.22 - 1.23 per share dividend they could pay. If OfficeMax can do it, this slimeballs should do it as well.
But they won't. I guarantee you that a large chunk of that money is going to end up in the top managements bank accounts.
I am just a little duck in a big pond, but this would definitely help my bank account. I do not understand why the big shareholders are not shouting for this. There must be some really stupid people managing these accounts to have let this bull go on all these years.
I will say it again: There are several folks at the top in this company who should be spending the next several years behind bars. They have been lining their pockets at the expense of shareholders for years and they should be held accountable.