In October of 2014, Home Depot co-founder Arthur Blank announced he would be stepping down as CEO of the company. At the time, it was speculated that the decision had something to do with the company’s struggling stock price. In February of this year, it was reported that Blank had sold his entire stake in Home Depot for $2.9 billion. However, it’s still unclear exactly how much ownership Blank retains in the company. In light of the recent stock price decline, it’s possible that he has lost some of his investment. However, it’s also possible that he is still in control of the company and is simply waiting for the right time to sell his stake for a larger profit. In any case, Blank’s departure from Home Depot is a significant event and will likely have a significant impact on the company’s future.
Does Arthur Blank still own Home Depot?
