- ► 2008 (159)
- Personal Flower Distribution
- LG and Axiom Telecom announce Middle East Distribu...
- Tax Gap hits Quarter Trillion - Expect More Audits...
- Simmons Jannace & Stagg Full Service Law Firm
- Wal-Mart Agrees to Pay $33.5 million in roll-Backw...
- The Blockbuster Triple Play
- Valentines Day Gifts
- Fed Likely to Stay the Course Too
- Ford Posts Record Loss
- Belisi Brand Designs Clothing Accessories
- Wal-Mart gets Picky About Fabrics
- Could Blister Packaging Bring Environmental Fines?...
- Civil Engineering Recruiters
- Cingular Wireless to be Rebranded as AT&T
- Maven Mappers Covers CES
- Beyond Blossoms Flowers
- Unemployment Holds in December
- Adelphia Exits Bankruptcy to Wind Down
- DotFlowers Flower Delivery
- Minyard Food Stores closing Texas Distribution Cen...
- Wal-Mart Employee Accused of stealing $80k in iPod...
- Epocrates Online
- Internet Spending up 26% Spending surges over $100...
- Chrysler Catching up On Inventory Glut
- Online Stock Options Tool Free Trial
- The Home Depot CEO to Agrees with Board to Resign
- ▼ January (26)
Chairman and CEO of The Home Depot, Robert L. Nardelli, will step down. He attempted to bring Six Sigma and many other GE styles of leadership to The Home Depot and was blind sided by a wave of changes in the ways that companies are held accountable these days.
Nardelli operated under the principle that if you take care of the numbers everything else will work itself out. But in an era that has seen Enron come and go and is now rife with stakeholders of every size, shape, stripe and belief, modern day CEO's of public companies, especially high profile companies have to be more like Bill Clinton and still achieve results like Jack Welch.
The Home Depot's stock has not done as well as it could have despite many areas of improvement. Nardelli's pay was always an area of contention with the board and stock holders. Its possible that a retail giant just can't support a salary like a multi-national conglomerate such as GE. Too many CEO's look at the title and expect the world, just for accepting the job and before they have grown the company to a level that even remotely justifies it. This too proved to be one of the areas that stakeholders complained about and ultimately, it seems that Nardelli got tired of fighting about it too.