From: Barry N Riu [briu@svic.net]
Sent: Saturday, June 14, 2003 8:46 AM
To: rule-comments@sec.gov
Subject: file #S7-10-03 - Home Depot trickery

Comments of a lowly shareholder:
 
Regarding the Home Depot's management win over us individual shareholders, it 
is quite rare that we really have any clout with the proxy vote each year.  I 
cannot see how the shareholder's valid needed proposals for change lost so badly.  
Our votes don't seem to add up like big players do.  Nardelli's and top execs 
compensation over the past 3 years, which I read in detail in the proxy statement, 
is an affront to all investors.  

Individual shareholder's votes need help.  The SEC needs to exercise some muscle 
to help us throw these bums out.  For some reason existing mangement/directors 
always win, no matter how poor they act or steal from the company/shareholders.  
The dividend is a scrap or near worthless morsel they toss back out to us.
 
*  Why do we shareholders pay to forgive loans to Nardelli?  Why does he get a  
$2.47 million loan/interest in 2002 in the first place?   Why did he need a 
$2.59 million loan in 2001, that we of course have to forgive to him?  Why did we 
have to pay his personal tax liability of $2.15 million in 2001?  Why did we pay 
him $2.18 million for the sale of his home? [ What happened to the equity and 
value of the property itself, I believe he must have had a full value loan against 
that equity before the sale, for his personal use and knowing the shareholder's 
would bear all liability for the full value of the home ].  Selling his home to 
relocate is his business, not ours.
 
Personally, I am sick of the fraud and trickery!!  I have nearly $500,000 of 
flexible cash money to put somewhere.  It will NOT be in the US stockmarket.  
( oh, I also own El Paso ).
Land and property is all that is left.
 
My Regards,
Barry N. Riu