Failed execs transfer homes to wives

Three failed executives have
transferred the deeds of homes to their wives, possibly to protect their
assets from creditors. Former Merrill Lynch CEO Stanley O’Neal put his
$4.5 million Westchester mansion in his wife’s name in December 2007,
after he was ousted from the company, as well as their $20 million Park
Avenue duplex. Robert Nardelli, former Home Depot CEO, transferred his
$3.8 million Los Angeles mansion to his wife’s name in 2007, right
after resigning from Home Depot under pressure from shareholders.
Richard Fuld, the fallen CEO of Lehman Brothers, transferred his
$14 million Florida mansion to his wife in November.