From the category archives:

Home Depot

Nardelli, Not Marconi

February 8, 2008

Robert Nardelli, who managed to shrink the value of Home Depot shares when he headed that company (while managing a masterfully opposite result when it came to his own compensation of two hundred-plus million) is embarking on a somewhat similar mission at Chrysler. The Wall Street Journal reports: “Chrysler LLC is laying out plans to [...]

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Outrage of the Week: Home Depot’s Board Still Snubs Shareholders

May 25, 2007

The company became a world-class symbol of bloated CEO pay and disengaged directors —none even bothered to show up at the 2006 annual meeting. But indignation over ex-Home Depot CEO Bob Nardelli’s $200 million plus retirement package, combined with a profit slump of 30 percent in Q1 of this year, were evidently not enough to [...]

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Floyd and Me on Nardelli’s Costly Goodbye

January 7, 2007

Floyd Norris has added a heretofore unexplored slant on Home Depot’s bungling of its expensive parting with former CEO Robert Nardelli by suggesting it was Lowe’s, HD’s chief competitor, and not Home Depot’s investors (and certainly not its employees), who benefited most from Nardelli’s tenure. And for that privilege, they will now pay out $210 [...]

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Outrage of the Week: Home Depot’s Oblivious Board

January 5, 2007

Few companies have become so emblematic of the continuing affliction of self-aggrandizing CEOs and slumbering boards. Bob Nardelli, who by several accounts has already been compensated to the tune of $245 million during his five year tenure as CEO, will now receive a further $210 million. Just for leaving. All that was missing from Mr. [...]

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Nardelli’s Exit Only Part of Solution at Home Depot

January 3, 2007

The departure of Bob Nardelli, who, along with his board, was the winner of the Finlay ON Governance 2006 Home Despot award for obliviousness to the growing discontent of shareholders and customers, is only a partial solution to the crisis at Home Depot. The question now is what about the board that caused the situation [...]

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