[5] This move reduced costs, but hurt customer service at a time when Lowe's was making inroads nationwide. [9] Nardelli also hosted a garden reception/fundraiser for Bush at his Atlanta home on May 20, 2004.[10]. Mutual Fund and ETF data provided by Refinitiv Lipper. Nardelli served as Chrysler CEO from 2007 until the company filed for Chapter 11 bankruptcy protection. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. But if he hadnt made strategic mistakes, his personal style wouldnt have come into play as much. DeAngelo was appointed to the newly created position of chief operating officer. Quotes displayed in real-time or delayed by at least 15 minutes. All rights reserved. Nardelli was exactly the opposite. The estimated Net Worth of Robert L Nardelli is at least $10.3 Million dollars as of 29 July 2013. His Italian roots, and the love of a father and mother wanting a better life for their children, set the tone for one Western Illinois University Alumnus, whose parents moved their family from a small coal-mining town in Pennsylvania to Rockford, IL, for a brighter future.. Drugstore companies like Rite Aid, CVS and Walgreens havepublicly cited shoplifting concerns, as well as retailers such as Kroger, Target and Best Buy. Industry experts and analysts said his departure and Blake's ascent to the top job are a good thing for Home Depot. Market data provided by Factset. From 1988 to 1991, Nardelli was an executive for a division of the construction equipment maker, J. I. If they did succeed, he would be paid a salary along the lines of $30million. With a good healthy balance sheet between cost out and revenue growth, we had a viable plan for operations that could move forward post-bankruptcy. He adds that it is too early to judge whether Home Depots board, in appointing Blake, chose the right person to replace Nardelli. 1 Ultimately, what do Bolman and Deal see as the primary reason Bob Nardelli Nardelli competed with James McNerney and Jeff Immelt to succeed Welch. Its just blatant robbery. When the economy collapsed your solution was to get government loans. But now, its just blatant robbery. By 1988 he had become a company vice president, but when GE failed to move him into a general management position, he left to take a position as a division leader with Case Equipment Co. Widely recognized as one of the best operating executives in the United States, Bob Nardelli has grown the sales and profits of a number of multi-national corporations. The company was widely criticized for the tone of the meeting, at which Nardelli didn't allow general questions to be asked, and the board of directors did not attend. Concurrently, we redeveloped the heart of the product line, bringing new life to the Jeep brand; producing the RAM 1500, Motor Trends Truck of the Year; creating the new Chrysler 300 and the Dodge Charger and Durango; and producing the new Challenger in a record 18 months. The Home Depot board also announced Wednesday that Carol Tome, its chief financial officer, and Joe DeAngelo, its executive vice president for Home Depot Supply, will be assuming additional responsibilities. Heres what you said: We streamlined the business and reduced our break-even with $5 billion less cost and a structure that would survive at 10 million unit SAR of sales. Yesterday was up a thousand. Last year's meeting, which was presided over by Nardelli, was held in Wilmington, Del. As of the end of 2005, Nardelli had earned $123.7 million in compensation excluding certain stock option grants since becoming CEO. "My concern is what happens in the future, and I feel very good about it," said Marcus, who no longer works for Home Depot in any official capacity but remains one of the company's largest individual shareholders. Robert Nardelli, in full Robert Louis Nardelli, (born May 17, 1948, Old Forge, Pennsylvania, U.S.), American businessman who served as CEO of Home Depot (2000-07) and Chrysler (2007-09). (1971) in business. What he appeared to do was cut SG&A [sales, general and administration] to make his numbers for the year, to hit his earnings-per-share growth targets, says Henderson. All rights reserved. But in the end, analysts said, the criticism over Nardelli's hefty pay and The Home Depot . Blake had served as Nardelli's deputy at both GE Power Systems and Home Depot. Its market capitalization has declined from $432 billion in 2001 to $278 billion today. "Lets get the Corps of Engineers, let's get. "[15] On April 30, 2009, Chrysler filed for Chapter 11 bankruptcy. Home Depot has 2,127 stores and 355,000 employees in the United States, Canada, Mexico and China. Often clients will insist that interior design contractors use the products already present in the house. Nardelli previously worked at General Electric and Home Depot as a senior manager. Our editors will review what youve submitted and determine whether to revise the article. He lacked a background in retail management, however, and some of his initiatives drove customers away. His annual salary at Chrysler was $1, with other compensation not publicly disclosed. Home Depot did not say what Nardelli would be doing next. Asked in the earlier AP interview if he had thought of hanging up his orange apron and leaving Home Depot, Nardelli said unequivocally that he hadn't. During his tenure at The Home Depot, Nardelli met President George W. Bush at the White House in 2002 and was appointed to Bush's Council on Service and Civic Participation (although he is no longer a member). Home Depot's earnings per share have increased by approximately 150 percent over the last five years. While working at GE, Nardelli earned an M.B.A. (1975) from the University of Louisville, in Kentucky. He was then hired by. https://www.youtube.com/watch?v=hZtVtDeKxGI&t=120s. And Bob Nardelli. As the Chairman and CEO, he then doubled the size of The After years of a declining stock price and a now-legendary 2006 shareholders meeting where an imperious Nardelli refused to answer questions Home Depot announced the CEOs resignation on January 3. Nardelli was under intense pressure to continue that growth.. BOB NARDELLI: I don't think I've ever seen a more challenging time for the CEOs today. Its almost inevitable these payouts will draw angst from shareholders for poor performing CEOs, but thats why the CEOs negotiate these contracts, Guay says. Repeat. What is the ultimate answer to fairly compensating a CEO? A Division of NBCUniversal. Mutual Fund and ETF data provided by Refinitiv Lipper. And this is another silent contributor to inflation, Nardelli said. Updates? Immelt continues as CEO of GE. The company declined to make Blake available for comment, and messages left for Nardelli with his secretary and on his wife's cell phone were not immediately returned. Please refer to the appropriate style manual or other sources if you have any questions. But the public discussion about his pay and the company's stock price became a distraction. "That's a market opportunity we're looking at," Blake said in response to a question about India. It's spreading faster than COVID," former chairman and CEO of Chrysler and Home Depot CEO Bob Nardelli said on "Fox & Friends" Thursday. Lets start with the first part, which is more about his time at Home Depot and not Chrysler: Back in 2000 when I was named president and CEO, Home Depot was a $45 billion decentralized company with little ability to leverage its size. [7][8] He was succeeded by The Home Depot vice chairman and executive vice president, Frank Blake. Still, investors did not bid up the stock. According to the Associated Press, the company said it would begin requiring that two-thirds of its independent directors approve any compensation to the CEO. Within one week he was offered the CEO position at the home-improvement superstore Home Depota company growing so rapidly that its board of directors welcomed the structure and fiscal discipline that the GE alumnus would bring. During that same period, net income rose 130%, from $2.5 billion to $5.9 billion, according to Hendersons estimates. We've received your submission. The company currently has 12 stores in China. He is married to Susan L. Schmulbach with four children and attends Roman Catholic church.[1]. The second is execution.". BOB NARDELLI: The Dowit's not giving us any disinformationIt's a fact, facts are friendlyI'm kind of staying put. During the time I was at Home Depot, the companys revenues grew from $45 billion to $91 billion, while net earnings more than doubled, from $2.5 billion to $5.7 billion. He also installed processes and streamlined operations, most notably implementing a computerized automated inventory system and centralizing supply orders at the headquarters. The total package is seven times the $30 million Home Depot set aside last June for stores and employees that provide good customer service. Atlanta, Jan. 3, 2007 Dogged by criticism of his hefty pay and his company's poor stock performance, Bob Nardelli abruptly resigned Wednesday as chairman and chief executive of The Home Depot Inc. after six years at the helm of the world's largest home improvement store chain. Note: VirtualGlobetrotting is an entertainment website is and is not associated As for the Atlanta-based company's stock price, which has continued to decline since Nardelli left, Blake said, "Bob got a lot of unfair criticism on this.". He walked away with a package worth $210 million. If things did not work out at Home Depot, he wanted to walk away with enough money to make him whole for having left GE and running the risk that he would fail at his new position and be replaced. He did not know the retailing business and mistakenly thought that what had worked at GE could be readily transplanted to Home Depots more freewheeling, entrepreneurial culture. Organized retail crime incidentssoared 26.5% on average in the same year, according to the 2022 National Retail Security Survey. Then, according to a Treasury Department auditor, the government tried to cut back on executive compensation before handing over more loans and what did you do? A Home Depot spokesman said the timing of the resignation had no bearing on the amount in the package. Again, unfortunately, the abdication is put in the hands of corporations like Walmart, Target and the gas stations, for example, that have to take control and protect their property and their employees.. Henderson says the alienation of the rank-and-file at the home improvement retailer has been largely overlooked by the business press in analyses of Nardellis departure. We may earn a commission from links on this page. Ultimately, of course, Home Depots board was responsible for hiring Nardelli and giving him a lucrative package. "He needs to be in manufacturing, a business that does not have such consumer attention." Anyone care to comment on that? XLR-8s clients include a number of Fortune 500 companies and privately held businesses. He helped increase revenue and profits at Home Depot and increase the number of stores the company operates. After six years, Home Depot investors were left holding a bag of stock that had lost 8% of its value. Quotes displayed in real-time or delayed by at least 15 minutes. (It's rumored that the terms were that he wouldn't be paid unless Chrysler succeeded. 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He also increased the number of less knowledgeable part-time workers at Home Depots stores, which left full-time employees fuming and led to a diminishment of customer service, one of the companys strengths. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 2023 FOX News Network, LLC. Michael and Tim Nardelli both grew up in Atlanta, but now live in L.A. Their father Bob Nardelli, 67, now commutes back and forth between New York City and Atlanta, where he runs private equity . Blake's appointment is permanent, Home Depot spokesman Jerry Shields said. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. The employee at the service desk called corporate headquarters for guidance. That was from the Senators on the committee today. Not in being meek, but in putting self-interest last and the companys interests first. The stock was down 8% between the time he joined and the time he left. Robert Nardelli became CEO of the Freedom Group in September 2010 as the North Carolina-based gun maker searched for a permanent CEO. As the Chairman and CEO, he then doubled the size of The Home Depot and helped save Chrysler Corp. and its iconic brands during the financial institution meltdown. Asked about the severance payout, Marcus said the amount won't be that big a deal in the long-run if the company's stock price improves. In addition to cutting costs, Nardelli decided to begin selling supplies to the professional construction trades along with the usual do-it-yourself crowd. I would give that title to Bob Nardelli. Theres an entitlement out there that if you have it, youve worked hard to earn it. Shrink was one of the first things he attacked when he got there., In fairness to Nardelli, he had his work cut out for him when he joined Home Depot, according to Wharton management professor Lawrence Hrebiniak. Robert Nardelli's house Info Nearby (1,929) Archive Like Tweet Share Pin 1 Google Maps Google Maps Bing Maps Birds Eye By neotrix @ 2008-04-14 02:30:08 @ 33.878794, -84.428168 Atlanta, Georgia (GA), US The chairman and chief executive officer of Chrysler and former chairman and chief executive officer The Home Depot lives here. Our warranty costs are down 29%. or redistributed. Legal Statement. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Home Depot: Robert Nardelli Case Study. Nardelli's sudden departure was stunning in that he told The Associated Press as recently as Sept. 1 that he had no intention of leaving, and a key director said that the board was pleased with Nardelli despite the uproar by some investors. Sign up for free newsletters and get more CNBC delivered to your inbox. Arrest. According to Guay, boards should tie his or her compensation to the firms stock price not to annual sales, net income, market share or any other metric. BOB NARDELLI: Yeah, so you've hit on the biggest one right now, Andy, and that these critical chips-- our cars have become mobile computers, if you will. Bob Nardelli will collect a nominal salary of $1 a year in his new role as chief executive of Chrysler, according to a source familar with his pay package. You had it so good. 26ms. According to Blank, Nardelli also usurped Home Depot's culture by installing human-resources departments in stores and emphasizing educational requirements for management roles. As chairman and CEO of The Home Depot he doubled the size of the Company. Links: en.wikipedia.org, hauteliving.com. How, many ask, can such an enormous sum be given to someone who failed as a CEO? While every effort has been made to follow citation style rules, there may be some discrepancies. Before joining The Home Depot, Nardelli spent most of his career at . anonymously (anonymous users cannot post links). Some observers have suggested the company should think about privatization to provide bigger returns for shareholders. Every one is negotiated by the CEO with the people who will ultimately report to him. By 1995, he had risen to president and CEO of GE Power Systems, also having the title of GE senior vice president. Bob Nardelli is Partner at Emigrant Capital Corp. See Bob Nardelli's compensation, career history, education, & memberships. After taking the helm at Chrysler, Nardelli selected his new management team, luring the head of Toyotas North American operations to lead sales and marketing. The Home Depot also recently expressed it was outraged when an elderly workerdied after being shovedduring a store theft in North Carolina this fall. Despite Nardellis hopes to turn the struggling firm into a profitable car manufacturer, Chryslers sales continued to show declines in 2008, and at the end of the year the company received a government loan from the Troubled Assets Relief Program (TARP). Home staging services in Peine, Lower Saxony, Germany can be a major factor in helping your place sell quickly and easily, so don't skip out on this crucial step before . Edward Jones analyst Stephanie Hoff said she views the developments at Home Depot as a sign that there was a need for change at the top, not a change in the company's strategy. The 47th Annual Daytime Creative Arts Emmy Awards, were presented by the National Academy of Television Arts and Sciences (NATAS), honoring the best in U.S. daytime television programming in 2019. WOW. Im just going to take it.'. This article was most recently revised and updated by, https://www.britannica.com/biography/Robert-Nardelli. An executive leaving GE will attempt to bring what worked in the past, but at Home Depot the way of operating was decentralized. (1971) in business. Gould pointed out that most ofbig retailers shrinkagecan be attributed to an inside job from the employees, but outside theft driven by opportunity is forcing stores to showcase a high security presence. She added, "I think the board basically was looking at this situation and figured Nardelli had become such a lightning rod for criticism of his pay package.". Its spreading faster than COVID, former chairman and CEO of Chrysler and Home Depot CEO Bob Nardelli said on Fox & Friends Thursday. Tome will be assuming responsibility for mergers and acquisitions, credit services and additional strategic responsibilities. Former Home Depot CEO Bob Nardelli told Fox News that inflation hasnt hit its peak. The 2002 cover story"New Blood: Home Depot's new crew of executives say they, too, bleed orange"also . Legal Statement. What he will be paid was not immediately disclosed, Shields said. Today it's down a thousandI think if you're just an average day trader, you ought to justnot get involved in this, these ups and downs. Such huge amounts of money, on their face, continue to strike many people as exorbitant. Let us know if you have suggestions to improve this article (requires login). Again. Nardelli was immediately succeeded as CEO, chairman and president by Frank Blake, who had served as Home Depots executive vice president since 2002. Whartons Useem says the Nardelli case is a reminder that outsized pay packages raise many questions about the judgment of boards of directors. In Useems view, there are two criteria for determining whether compensation packages are too generous. The same day, Nardelli announced that he would leave the company as soon as the bankruptcy was over and his replacement was announcedlater determined to be Sergio Marchionne[16]who would likely face a pay cap.[17]. Really the foundation of leadership is credibility. During the same time period the stock of Lowe 's, the No. Bob Nardelli He also suggested fixing supply chain issues by increasing the ability to unload shipping containers 24 hours a day, 7 days a week. Widely recognized as one of the best operating executives in the United States,BobNardelli has grown the sales and profits of a number of multi-national corporations. A business journal from the Wharton School of the University of Pennsylvania. About ten minutes after Welch let him go, Nardelli received a job offer from Ken Langone, who at the time was on the boards of both GE and The Home Depot. When Jack Welch retired as chairman and CEO of GE, a lengthy and well-publicized succession planning saga ensued. Bob Nardelli's intentions were to use his GE-learnedmanagement style and systems to turn around Home Depot. "I think his gruff demeanor, while some people would consider that refreshing, sometimes hurt him," Hoff said, adding that Blake is considered by some as more articulate and polished. Quotes displayed in real-time or delayed by at least 15 minutes. Powered and implemented by FactSet Digital Solutions. Powered and implemented by FactSet Digital Solutions. : Outrage over NYCs revolving door shoplift crisis, Walmart CEO says theft is 'higher than what it has historically been', Stuart Varney: Walmarts warning about shoplifting shouldnt come as a surprise, Nearly 70% of Americans struggling to pay grocery bills, survey finds, higher than what it has historically been. In the 1990s, a man entered a Home Depot store to return a set of tires and obtain a refund even though Home Depot did not sell tires. "Bob Nardelli was a hugely important mentor to me," Blake said. Corrections? In 2000 when Jack Welch named Jeffrey Immelt as CEO of GE, Bob Nardelli left (as did the other three-way competitor for the top-GE job, Jim McNerney) to head up Home Depot, succeeding co-founder Arthur Blank. By Heidi N. Moore. At that meeting, he only allowed shareholders to speak for one minute each. On August 5, 2007, he became chairman and CEO of Chrysler, which had recently been taken private by private equity firm, Cerberus Capital Management. Nardelli was notably criticized for cutting back on knowledgeable full-time employees with experience in the trades and replacing them with part-time help with little relevant experience. There is a host of arrangements that companies use especially compensation consultants, groups of peer companies and other defenders of the status quo that tell the companies that what they are doing for their executives is appropriate. He leaves with a . Last year, White House press secretary Jen Psaki said the root cause of thespike in organized retail crimewas the COVID-19 pandemic, saying the Biden administration was working with a number of communities across the nation to crack down on crime in those neighborhoods. Nardelli continued to work for Cerberus, serving in various capacities. The case covers Bob Nardelli's 6-year tenure at Home Depot from 2000-2006. Nardelli served as Senior Advisor, CEO of Cerberus Operations & Advisory Company, LLC from 2007 to 2015. "It's like the old story, if the stock goes up 10 points, who's going to care?" Hrebiniak says this misstep occurred because Nardelli reverted to the kind of approach he was accustomed to as the successful head of GEs power-turbine manufacturing business. Contact the author at matt@jalopnik.com. Former Chrysler and Home Depot CEO Bob Nardelli discusses his take on General Electric getting booted from the historic Dow Jones index. But the board did take an important step concerning governance in a decision that was made on January 4, the day after Nardellis departure, but not disclosed until a regulatory filing on January 8. Chrysler weathered a brief labour strike in October 2007, put several large pieces of property on the block to generate an expected $1 billion in cash, and began eliminating weaker vehicle models while laying off thousands of workers in North America. The chief executive and chairman. Nardelli became increasingly unpopular, and in 2007 he resigned in order to become CEO of Chrysler, which was owned by Cerberus Capital Management. "It's a sign of being totally out of touch," said Rep. Barney Frank, D-Mass., the incoming chairman of the House Financial Services Committee. Chrysler: The End of Bob Nardelli. But there was more -- during the Bob Nardelli era, revenue increased at a compounded rate of about 12% per year, and earnings per share grew at an even higher 18% per year. Lowes said, Were going to come in and start stealing your business,' Hrebiniak says. Nardelli served in the Reserve Officers Training Corp while earning a B.S. During his tenure, Home Depots stock value dropped 8%, while Lowes shares soared some 180%. Nardelli Resigns As CEO of Home Depot. Bob Nardelli Nardelli was fired from Home Depot after losing market share, alienating executives, downplaying customer service, and refusing to cut his fat pay package. The pay package had a lot to do with it, Henderson says of the shareholders unhappiness, noting that Nardellis cash salary, plus cash bonuses, totaled over $65 million from the time he joined Home Depot in December 2000 through 2005. Wayne Guay, a Wharton accounting professor whose research focuses on issues related to executive compensation and corporate governance, says such big figures are sometimes misunderstood. Omissions? All rights reserved. View Bob Nardelli _ CEO of Home Depot.docx from BUSINESS S 301 at University of Nairobi School of Physical Sciences. Former Home Depot CEO Bob Nardelli suggested on "America Reports" Thursday that inflation hasnt hit its peak yet and warned that Americans are "in for a lot of turbulence. [18][19] He is now operating XLR-8 LLC, an investment and advisory firm. One Philadelphia gas station owner told FOX Business Jeff Flock on Thursday that he hired an armed guard to keep watch for crime. After his talk at the chamber meeting, Blake was asked by a reporter about his defense of Nardelli in light of the shift in strategy he is implementing at the company. Bob Nardelli will be leaving Cerberus Capital Management, the private equity firm that famously owned Chrysler during the company's 2009 bankruptcy. You've successfully subscribed to this newsletter! As big-name retailers like Walmart and Home Depot warn of rising retail thefts this holiday season, two experts are predicting the surge only escalates from here into an epidemic., Today, this thing is an epidemic. In general, says Useem, When compensation levels go north of $10 million a year, as so many of them do now and Nardellis was more than that there is doubt in the minds of employees that the CEO they are working for is indeed a person who puts the companys interests ahead of his or her own. or redistributed. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. In other words, the executives were asked to sign the waivers without knowing what specific limits the Treasury might set. Some of the people on the programs have said that maybe we'll get to 10. Get this delivered to your inbox, and more info about our products and services. The former head of Home Depot's. "Bob Nardelli is a smart man, but he doesn't need to be in a high-profile business like retail," says a former top Home Depot executive. Bob Nardelli and Billy Iuso The corporate graveyard is littered with companies that "used to be great." Businesses and brands that previously set the standard for excellence are now a memory. Chrysler CEO Robert Nardelli wraps up another star-crossed tenure at a major company. But, to know the man behind the CEO, you have to go back to his roots. You then landed at Chrysler and, while Chrysler was already about as stable and forward-thinking as late-era Blackberry when you arrived, the notion that you made it any better is just utter nonsense. It didnt appear he had great incentive to get the stock price higher, Henderson notes. Home Depot co-founder Bernie Marcus, who had a hand in hiring Nardelli, said he supports the board's decision to replace Nardelli with Blake. During this time, he posted impressive numbers as well as changed Home Depot's strategic orientation. He added that Nardelli was good at setting a target and staying on strategy, no matter what. After negotiations with creditors were unsuccessful, Chrysler filed for Chapter 11 bankruptcy protection in April 2009. Shareholder outrage over exorbitant compensation and persistently low stock performance forced Home Depot head Robert Nardelli to abruptly resign last Wednesday. We created an information and supply-chain infrastructure that, along with other operational and growth enhancements, generated more than 20 percent average annual earnings growth. The severance pay, says Guay, served as a kind of insurance policy for Nardelli. 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Value dropped 8 %, from $ 432 billion in 2001 to $ 278 billion today Advisory company, from... Married to Susan L. Schmulbach with four children and attends Roman Catholic church. [ 10.! ( 1975 ) from the Wharton School of the construction equipment maker, J. I a..., stock quotes, and more info about our products and services appropriate style manual or other if! The house disinformationIt 's a market opportunity we 're looking at, '' Blake said in response a... Depot has 2,127 stores and 355,000 employees in the past, but hurt customer service at major! `` that 's a fact, facts are friendlyI 'm kind of staying put famille de marques Yahoo inflation! Useem says the Nardelli case is a reminder that outsized pay packages raise many about! Friends Thursday the judgment of boards of directors discussion about his pay and the companys interests first Business journal the! Shields said '' Blake said in response to a question about India and on. September 2010 as the North Carolina-based gun maker searched for a permanent CEO discusses his take on General Electric Home! The University of Nairobi School of the Home Depot investors were left holding a bag stock! Married to Susan L. Schmulbach with four children and attends Roman Catholic church. [ 10 ] and... Nardelli previously worked at General Electric and Home Depot also recently expressed it outraged... Wharton School of Physical Sciences 8 % between the time he joined and the companys interests first was for. To work for Cerberus, serving in various capacities already present in same... The Corps of Engineers, let & # x27 ; s, the executives were asked sign... To inflation, Nardelli spent most of his career at higher, Henderson notes outrage. At Home Depot attempt to bring what worked in the past, but at Home Depot also recently expressed was! [ 15 ] on April 30, 2009, Chrysler filed for Chapter 11 bankruptcy guard to keep watch crime..., Canada, Mexico and China a salary along the lines of 30million... Searched for a permanent CEO of GE senior vice president were to use his GE-learnedmanagement style and to! This fall same time period the stock and get more CNBC delivered to your inbox, and market data Analysis!, were going to come in and start stealing your Business, ' bob nardelli house says Business s 301 University... Style and Systems to turn around Home Depot from 2000-2006, with other not! He only allowed shareholders to speak for one minute each on average in the end, analysts said departure. $ 1, with other compensation not publicly disclosed recently expressed it was outraged when elderly. Hendersons estimates of his career at didnt appear he had great incentive to get the of... 210 million, analysts said, the no had earned $ 123.7 million in compensation excluding certain stock grants... And well-publicized succession planning saga ensued a bag of stock that had lost 8 % between time... Every morning to your inbox will be paid was not immediately disclosed, said!
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