Beverly Hills 12/4/2009 12:27:40 AM
News / Business

Former Home Depot Manager Pleads Guilty in Georgia

Finance World News Update by EQUITIES Magazine

Former Home Depot manager, Guillermo Martinez, plead guilty to stealing trade secrets from the home improvement leviathan.

 

Martinez, who entered the plea in a federal district court yesterday, had access to Home Depot’s confidential information and other trade secrets which included pricing and profitability spread sheets as well as documents relating to product line reviews. He was senior manager of product engineering during his time with the company, and was responsible for assisting the company’s vendors in preparing to sell products.

 

Prosecutors allege that he gave a vendor confidential pricing information during a product review in May 2008 in addition to simultaneously negotiating an employment agreement with the vendor.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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