Interesting tidbit below about the CEO that left Home Depot earlier in the year. I used to enjoy shopping Home Depot before he took over. Hopefully they will get their act together. To think that Chrysler hired him!!
Steve
http://articles.moneycentral.msn.com...rChrysler.aspx
Nardelli, a former highflier at General Electric (GE, news, msgs) who lost the contest to succeed Jack Welch as GE's chief executive to Jeffrey Immelt, could be a jolt to Chrysler's culture. A hard-driving executive with a reputation for generating more fear than respect among the ranks, Nardelli left Home Depot (HD, news, msgs) in January under a cloud after the home-improvement chain's stock languished, customer service plummeted and the CEO was tagged by angry investors as arrogant toward shareholders.
Nardelli also became a poster boy for skyrocketing CEO pay not tied to stock performance. To make his image on that score worse, Home Depot and the CEO negotiated a $210 million "retirement package."
Steve
http://articles.moneycentral.msn.com...rChrysler.aspx
Nardelli, a former highflier at General Electric (GE, news, msgs) who lost the contest to succeed Jack Welch as GE's chief executive to Jeffrey Immelt, could be a jolt to Chrysler's culture. A hard-driving executive with a reputation for generating more fear than respect among the ranks, Nardelli left Home Depot (HD, news, msgs) in January under a cloud after the home-improvement chain's stock languished, customer service plummeted and the CEO was tagged by angry investors as arrogant toward shareholders.
Nardelli also became a poster boy for skyrocketing CEO pay not tied to stock performance. To make his image on that score worse, Home Depot and the CEO negotiated a $210 million "retirement package."
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