Now that Chrysler has hired the x-CEO of Home Depot they are in for a fast
and rough ride out of business. Just review his accomplishments at H-D.
Sales down, value of stock down and many dissatisfied customers. Lets not
forget the outrageous "exit" package he received in Jan, 07. This package
generated many stockholder lawsuits. These will end up costing H-D a very
large pile of cash.
I'm no fan of Robert Nardelli, but let's be fair - during his 6 years at
Home Depot he increased sales 76%. What got him canned was that the stock
price was stagnant for the last three years, in spite of increased earnings.
This was especially painful to shareholders as they watched the value of
Lowes go up. If he hadn't been such a greedy sh*t when he left Home Depot,
nobody would care a whit about him.
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