BOCA RATON

Joe Keenan is the executive editor of Total Retail. Joe has more than 10 years experience covering the retail industry, and enjoys profiling innovative companies and people in the space.

Boca Raton, Fla. -- Office Depot has selected Boca Raton, Fla., for its global headquarters rather than the Naperville, Ill., corporate home of its merger partner OfficeMax. In November, Office...

The top job at a combined Office Depot and OfficeMax won't belong to Neil Austrian or Ravi Saligram, but neither office-supply company chief executive will go away empty-handed. If the merger closes as expected, each will collect millions as they exit their respective companies and a new CEO is appointed. Austrian, who is retiring from Office Depot, will get $15 million to $16 million in a "golden parachute," depending on the stock price at closing. OfficeMax's Saligram is expected to reap about $13.5 million, said Aaron Boyd, director of governance research at Equilar, an executive compensation data firm.

BOCA RATON, Fla. — Office Depot is extending an olive branch to its largest shareholder, Starboard Value LLP, to settle a dispute about who should serve on the company’s board of directors. In a...

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