Nardelli Resigns As CEO of Home Depot
Read the full article at: http://biz.yahoo.com/ap/070103/home_depot_nardelli.html?.v=9
Submitted by George on Wed, 2007-01-03 10:32.
(via biz.yahoo.com)
Bob Nardelli, the CEO of Home Depot, just resigned. If I could cash out for over $200 million, I would leave in a heart beat. Hopefully the Board will hire a new CEO with a much more modest compensation package and thus create a value opportunity that shares wealth with the shareholders.
As of MRQ, HD had 600 mil in
As of MRQ, HD had 600 mil in cash on the balance sheet, and Nardelli's compensation will be approximately a 1/3 of that. (Obviously his payout doesn't come in cash...)
Amazing.
Some more good commentary on
Some more good commentary on HD & Nardelli