At Office Depot, it takes only one person to change a light bulb, but that person happens to be the new CEO, Steve Odland, hired on March 11. "Every little step matters," says Odland, who estimates that more efficient lighting in stores could save the company at least $1 million a year. "By working on our annual telecom bills," he adds, "we can save [another] seven figures." Small change, you say? Perhaps. But in Office Depot's battle with rival office-supply giant Staples, he needs all the help he can get. For growth, Odland is backing a marketing initiative with Nascar and...
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