http://www.ajc.com/business/content/business/homedepot/1005/16bizdepot.htmlHome Depot skimps on gifts
Corporate citizen donates, but peers are more generous
By MATT KEMPNER
The Atlanta Journal-Constitution
Published on: 10/16/05
Corporate generosity, Home Depot CEO Bob Nardelli told Business Week magazine this year, is "just the right thing to do."
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And as a recent member of President Bush's Council on Service and Civic Participation, Nardelli went out his way to push other companies to do more.
All of that — along with press releases and advertising that tout the company's generosity — has helped Home Depot build on an image for charity fostered by Nardelli's predecessors and two of Georgia's best-known philanthropists: Home Depot founders Bernie Marcus and Arthur Blank.
Yet Home Depot's strong reputation for giving may be misleading when it comes to dollars and cents. Georgia's most profitable public company and the nation's second-largest retailer gives away a much smaller share of its profits than its big business peers, and lags several other major Atlanta companies.
Typical robber-baron Republican approach to charity. Nardelli wouldn't agree to be interviewed for this story (surprise, surprise) and directed questions to a spokesman who pointed out the "sweat equity" of Home Depot having encouraged its employees to volunteer about 2 million hours last year. But unlike other companies, Home Depot doesn't donate extra money to nonprofit groups if employees volunteer for a certain number of hours, or allow employees to volunteer on company time.
On the other hand, the company's always found plenty of money to help GOP candidates:
http://www.citizen.org/pressroom/release.cfm?ID=1600(That's old info, but it was the first page that turned up when I checked Google, and I'm sure the pattern of donations hasn't changed.)