It is always bad to be fired! But, when you get 210 million dollars to come home, like Robert Nardelli, probably you think twice....and accept it.
Nardelli, an ex-GE Top Executive, accepted the top spot from Home Depot, after loosing the main spot to Immelt at GE. Nevertheless, Nardelli made some achievements:
- Nardelli has run Home Depot pretty efficiently for a majority of his six years.
- Home Depot's earnings-per-share [EPS] have increased 20 percent a year for the past four years.
- Nardelli brought discipline.
But:
- "no flexibility" and "autonomous" management style that came to characterize Nardelli's reign.
- The company needs a more innovative and constructive leadership.
Frank Blake is the new CEO. Shares of Home Depot are up, today.
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