Depot

Depot (/ˈdɛpoʊ/ DEP-oh or /ˈdiːpoʊ/ DEE-poh) is from the French dépôt which means a deposit (as in geology or banking) or a storehouse. In English, depot can mean any one of a number of things, with minor variances between the different English speaking countries:

Transport

Technology

The Home Depot

The Home Depot (referred to in some countries and often in colloquial speech simply as Home Depot) is an American retailer of home improvement and construction products and services.

It operates many big-box format stores across the United States (including all 50 U.S. states, the District of Columbia, Puerto Rico, the United States Virgin Islands and Guam), all ten provinces of Canada, as well as Mexico. The company is headquartered at the Atlanta Store Support Center in Cobb County, Georgia, in Greater Atlanta.

In terms of overall revenue reported to the U.S. Securities and Exchange Commission, the company is the largest home improvement retailer in the United States, ahead of rival Lowe's. The store operates out of large warehouse-style buildings averaging 105,000 ft² (9,755 m²) with megastores operating in larger facilities (the company's largest store, located in Union, New Jersey is 225,000 ft²).

History

The Home Depot was founded in 1978 by Bernard Marcus, Arthur Blank, and Pat Farrah. The Home Depot's proposition was to build home-improvement superstores, larger than any of their competitors' facilities. Investment banker Ken Langone helped Marcus and Blank to secure the necessary capital.

Office Depot

Office Depot, Inc. is an office supply retailing company headquartered in Boca Raton, Florida, United States. The company has combined annual sales of approximately $11.2 billion, employs about 66,000 associates, and serves consumers and businesses in 59 countries with more than 2,200 retail stores, e-commerce sites and a business-to-business sales organization. The company’s portfolio of brands includes Office Depot, OfficeMax, Grand & Toy, Viking Direct, Ativa, TUL, Foray, Realspace, and DiVOGA.

It was announced February 20, 2013, that Office Depot and OfficeMax would combine in an all-stock deal. On November 5, 2013, the merger was completed. On February 4, 2015, it was announced that rival Staples had agreed to purchase Office Depot in a cash and stock deal worth approximately $6.3 billion. The deal will need approval from both companies' shareholders as well as governmental regulatory authorities. In December 2015, the Federal Trade Commission voted to block the merger.

History

Brian Moynihan

Brian Thomas Moynihan (born October 9, 1959) is an American lawyer, businessman and the chairman and CEO of Bank of America. He joined the board of directors, following his promotion to president and CEO.

Early life and education

Moynihan was born in Marietta, Ohio in 1959, the sixth of eight children in a Roman Catholic family of Irish descent. Moynihan graduated from Brown University in 1981, where he majored in history, co-captained the rugby team, and met his future wife, classmate Susan E. Berry. He earned a Juris Doctor from the University of Notre Dame Law School, before returning to Providence, Rhode Island to join Edwards & Angell LLP, the city’s largest corporate law firm.

Career

Moynihan held numerous banking positions before becoming president of consumer and small business banking at Bank of America in January 2009.

He joined Fleet Boston in April 1993 as a deputy general counsel. From 1999 to April 2004, he served as executive vice president, managing Fleet's brokerage and wealth management division. After Bank of America (BoA) merged with FleetBoston Financial in 2004, he joined BoA as president of global wealth and investment management. He was named CEO of Merrill Lynch after its sale to BoA in September 2008, and became the CEO of Bank of America after Ken Lewis stepped down in 2010.