Thursday, January 4, 2007

Home Depot's Nardelli: Another one bites the dust? Poor baby

I personally don't like Home Depot. I won't go into any of their stores. I prefer Lowe's. I mean why in heavens does there have to be a Home Depot "almost around every block." Can't people drives a few blocks?

Home Depot's Nardelli:
The Last Overpaid CEO?

Under pressure from shareholders, Home Depot's board has dumped Nardelli after six years, deciding he's not the right guy to lead the home improvement chain out of a slump. To sweeten the deal Home Depot is handing Nardelli a parting gift worth $210 million in cash, stock, and options. That's about 25 times what the average Fortune 500 CEO earns per year. It's more than the total payroll of the New York Yankees.

more
http://www.usnews.com/usnews/general_ssi/content/money_business/MT/070103/home_depots_nardelli_the_last.htm

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