Daily Chart

Popular Trending Tickers


Ticker Sitemap

The Home Depot, Inc. (HD) Financial News - Managing Home Depot's 'Volunteer Army'

The Home Depot, Inc. (HD)

Managing Home Depot's 'Volunteer Army'

Keywords: Home Depot, The Home Depot Foundation, Volunteerism, Kelly Caffarelli
Quote: Managing Home Depot's 'Volunteer Army'Working locally, the Home Depot Foundation develops affordable homes in league with nonprofit groups, Kelly Caffarelli tells Patricia O'Connell HD) in 2002 with the mission of building affordable homes for working families while improving community health. The foundation's volunteer force—Team Depot—is made up of tens of thousands of Home Depot associates in North America and China. According to Kelly Caffarelli, the foundation's president, it is well ahead of the 10-year plan established in 2007. Back then, the foundation pledged to invest $400 million over the next decade to develop 100,000 affordable, healthy homes for working families and to plant three million trees in urban communities. By yearend 2009, $163 million had been invested, 64,000 homes built, and 732,000 trees planted. Rather than assign projects, the foundation relies on the stores themselves to choose projects to work on. Each store has a Team Depot captain who coordinates volunteers and helps decide where the community most urgently needs help. Since the foundation switched to this self-directing approach in 2007, Team Depot participation has increased: The budget for the projects has tripled and the program is still oversubscribed. According to Caffarelli, it's no coincidence. "Our associates feel they truly own the projects, and they are deeply proud of the results they achieve," she says. Patricia O'Connell about administering what amounts to a workforce of volunteers. Edited excerpts of their conversation follow. Patricia O'Connell: What do you see as your primary role? Kelly Caffarelli: I think a lot about what we should be doing next. I talk to my team about missed opportunities. No one is going to come and tell us we don't do enough good stuff. My question is always: Could we have done more? What else could we do with the resources we ...
Open whole article (external link)

Other Financial and Stock Market News concerning The Home Depot, Inc.

The Home Depot, Inc. Stock Summary

The Home Depot, Inc., together with its subsidiaries, operates as a home improvement retailer company. The company?s Home Depot stores sell building materials, home improvement supplies, and lawn and garden products to do-it-yourself customers, do-it-for-me (D-I-F-M) customers, home improvement contractors, tradespeople, and building maintenance professionals. Its stores also offer various installation services for D-I-F-M customers. These installation programs include products, such as carpeting, flooring, cabinets, countertops, and water heaters. In addition, the company provides professional installation of various products that are sold through its in-home sales programs, such as generators, and furnace and central air systems. As of February 1, 2009, it operated 2,233 retail stores in the United States, including the Commonwealth of Puerto Rico, and the territories of the U.S. Virgin Islands and Guam; Canada; China; and Mexico. The Home Depot, Inc. was founded in 1978 and is based in Atlanta, Georgia.
Stocktweeting is not a financial advisor, and in no way recommends the purchase of any stock or advise on the suitability of any trade or investment.
Stock trading and investing can cause loss of capital, and you should always consult with a professional financial advisor before trading or investing.