Mutual Fund and ETF data provided by Refinitiv Lipper. 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. There's a million things we could do, Andy, if we were serious about trying to get this economy stitched back together in a meaningful way. Theres an entitlement out there that if you have it, youve worked hard to earn it. The original entrepreneurs had built an amazing business that had shown tremendous growth. Initially, all things worked well for him: the company's profit margins increased and he received an award for Best Manager of 2004 on the cover of Business Week 2005 (Hess, 2017). 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. Now it has elevated to the point where youve got Doug McMillon talking about impacting earnings. Youre not even an empty suit, because I assume the shit would have to go somewhere. This whole thing is like if Neville Chamberlain wrote a column called What I learned leading Britain into WWII And how I won it!.. You are, then, a suit filled with shit. Managers had a lot of discretion and there was a free-flowing, exciting feel to working there. DeAngelo was appointed to the newly created position of chief operating officer. During his nearly 30-year tenure at the General Electric Co., he quadrupled operating profits for GE Power Systems. 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. 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. "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. Henderson estimates that for Home Depots 2006 fiscal year, which ends January 31, 2007, the company will post sales of $90.4 billion, almost twice the sales figure of $45.7 billion recorded for fiscal 2000. According to Barry Henderson, an equities analyst at T. Rowe Price, the Baltimore, Md.-based mutual fund company, Nardelli made two big mistakes at Home Depot: He alienated employees and angered stockholders. 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. Our associates are afraid. But Nardelli hurt morale in the stores. Mutual Fund and ETF data provided by Refinitiv Lipper. 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. Get this delivered to your inbox, and more info about our products and services. 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. And Bob Nardelli. And then you went bankrupt anyway, got a quickie government fix, and left. 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. 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. Home Depot shares rose 85 cents, or 2.2 percent, to $41.01 in late trading on the New York Stock Exchange, near the upper end of their 52-week range of $32.85 to $43.95. 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 (200007) and Chrysler (200709). Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. Bob Nardelli, who left General Electric nearly two decades ago after losing a succession battle to run the once high-flying conglomerate, is looking to inch his way back into the company amid. 2023 FOX News Network, LLC. That zit is former Chrysler CEO Bob Nardelli and hes gushing greasy efluvia in this column for LinkedIn misleadingly titled What I Learned Leading a Company Like Chrysler Through Bankruptcy and Revitalization.. All rights reserved. After six years, Home Depot investors were left holding a bag of stock that had lost 8% of its value. Yeah, and you also lost a huge amount of market share, the stock dropped, you pissed customers and investors off, and so seriously fucked up Home Depot that they fired you and were willing to pay you $210 million to go away. He added that Nardelli was good at setting a target and staying on strategy, no matter what. In other words, the executives were asked to sign the waivers without knowing what specific limits the Treasury might set. Yesterday was up a thousand. All rights reserved. Learn how and when to remove this template message, Old Forge, Lackawanna County, Pennsylvania, Council on Service and Civic Participation, "GE exec to head Home Depot Dec. 5, 2000", "How Home Depot Copied Apple to Build an Ingenious New Bucket", Nardelli's downfall: It's all about the stock, "Home Depot CEO Nardelli Abruptly Resigns", Nardelli-Bush article that mentions Presidential Council, "article that mentions Bush Nardelli Garden Reception", Financial Times story about Nardelli's salary, "Nascar Racing News, Photos, Stats, Scores, Schedule & Videos", "Nardelli Says Chrysler Financial Needs Second Round of Loans, Detroit Free Press", "Pay Rule Led Chrysler to Spurn Loan, Washington Post", "Marchionne confirmed as post-Ch11 Chrysler CEO", "Next Chrysler CEO Faces Pay Cap, Detroit Free Press", "Cerberus's Freedom Group Withdraws Plans for IPO", "Nardelli Steps Down From Most of His Cerberus Roles", "Out at Home Depot: Behind the flameout of controversial CEO Bob Nardelli", "Seeing red over a golden parachute; Home Depot's CEO Resigns, And His Hefty Payout Raises Ire", "Chrysler's Secret Weapon: Military Talent", "Speakers: Robert Nardelli Chairman, President and CEO, The Home Depot, Inc", New York University Stern School of Business, "The Best & Worst Managers of 2004 Best Manager: Robert Nardelli Home Depot", https://en.wikipedia.org/w/index.php?title=Robert_Nardelli&oldid=1128723425, People from Old Forge, Lackawanna County, Pennsylvania, American chief executives in the automobile industry, BLP articles lacking sources from July 2008, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 21 December 2022, at 17:12. The stock was down 8% between the time he joined and the time he left. Tome will be assuming responsibility for mergers and acquisitions, credit services and additional strategic responsibilities. All rights reserved. An executive leaving GE will attempt to bring what worked in the past, but at Home Depot the way of operating was decentralized. Powered and implemented by FactSet Digital Solutions. Prior to that role, Nardelli served as chairman and CEO of Chrysler from August 2007 to April 2009 and CEO of The Home Depot from December 2000 to January 2007. (It's rumored that the terms were that he wouldn't be paid unless Chrysler succeeded. We also put into place major union contract improvements. "They don't understand the extent to which they make the American public angry.". During this time, he posted impressive numbers as well as changed Home Depot's strategic orientation. According to zillow the house is worth over $15 million dollars! This material may not be published, broadcast, rewritten, or redistributed. In your fucking dreams, asshole. 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). Prior to that, he served as Chairman and Chief Executive Officer and as a member of the. During the same time period the stock of Lowe 's, the No. [3] He changed the decentralized management structure by eliminating and consolidating division executives. 1 Ultimately, what do Bolman and Deal see as the primary reason Bob Nardelli After years of a declining stock price, Home Depot announced the resignation of CEO Robert Nardelli on January 3. 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. The store I worked in during that time pushed out all the experienced people (including some incredible contractors working nights, and retired tradesmen) so they could replace them with high school grads at $8-10/hr. You know that zit you sometimes get in your middle back that you generally forget about unless the the damn thing explodes and turns red and starts to ooze puss? I think we're in for a lot of turbulence for a longer period. [9] Nardelli also hosted a garden reception/fundraiser for Bush at his Atlanta home on May 20, 2004.[10]. By 1995, he had risen to president and CEO of GE Power Systems, also having the title of GE senior vice president. In 2009, Cond Nast Portfolio named Nardelli as one of the "Worst American CEOs of All Time" When Jack Welch retired as chairman and CEO of GE, a lengthy and well-publicized succession planning saga ensued. 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). Often clients will insist that interior design contractors use the products already present in the house. As the Chairman and CEO, he then doubled the size of The Home Depot and helped save Chrysler Corp. and its . Before joining the Atlanta-based company . The comment was you guys are making them too good and therefore, we're not buying vehicles and we're contributing to your problem. The estimated Net Worth of Robert L Nardelli is at least $10.3 Million dollars as of 29 July 2013. This material may not be published, broadcast, rewritten, or redistributed. Omissions? Current Price $317.53 Price as of January 6, 2023, 4:00 p.m. According to Blank, Nardelli also usurped Home Depot's culture by installing human-resources departments in stores and emphasizing educational requirements for management roles. Bob Nardelli was different from the company's founders because he did not have retail experience for a large retail company, unlike his predecessors. Contact the author at matt@jalopnik.com. In his defense, Nardelli didn't run Home Depot into the ground. 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. Dude, Nardelli. "We're not thinking about going private," Blake said. 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. Last year's meeting, which was presided over by Nardelli, was held in Wilmington, Del. He joined General Electric in 1971[2] as an entry-level manufacturing engineer. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. How, many ask, can such an enormous sum be given to someone who failed as a CEO? )[11], On February 17, 2008, before his first Daytona 500 race as Chrysler CEO, Nardelli guaranteed that Dodge would win the race for the first time since 2002, and that he would award a $1million bonus to the Dodge team that did it. Before joining The Home Depot, Nardelli spent most of his career at General Electric and had risen to become one of the top three executives competing to succeed Jack Welch. In a column released this week on LinkedIn.com, former CEO Bob Nardelli takes credit for turning around Chrysler Corp. and guiding it back to where it is today. He responded, "We spent about half a billion dollars in the first several months. But he didn't leave empty-handed: the Atlanta-based company said Nardelli would receive a severance package worth roughly $210 million, an amount decried by some lawmakers as a golden parachute that sends the wrong message to investors. Reserve the next gen Samsung deviceAll you need to do is sign up with your email and boom: credit for your preorder on a new Samsung device. In mid-September, the National Retail Federation found total losses from shrink, a term retailers use for theft and other types of inventory loss, increased to $94.5 billion in 2021. He knew that what had propelled the company from zero to $50 billion in sales wouldn't get them to the next $50 billion. Much attention has been focused on Nardellis $210 million payout. Asked what he thought he would be doing 10 years from now, Nardelli said, "Selling hammers.". In 2000, Bob Nardelli faced this challenge as Home Depot's new CEO. Drugstore companies like Rite Aid, CVS and Walgreens havepublicly cited shoplifting concerns, as well as retailers such as Kroger, Target and Best Buy. It's an interesting comparison because in the hearing today, going around the panel, the majority of the Senators said that citing specific vehicles that they own that they've got 60-, 70-, 80,000 miles. 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. "But that doesn't mean I don't have a lot of respect for him.". According to GMI's report, "Shareholders were up in arms over Nardelli's. [+] 5 of 10 AP John Kanas. 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. 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. Nardelli served in the Reserve Officers Training Corp while earning a B.S. Marcus said he had no idea Nardelli's resignation was coming. While every effort has been made to follow citation style rules, there may be some discrepancies. Nardelli served as Senior Advisor, CEO of Cerberus Operations & Advisory Company, LLC from 2007 to 2015. Its not so much the numbers, although the numbers are alarming, its the manner in which this is going on and the implications for each community and each store that this happens in, business analyst and 7 Stage Advisors president Carl Gould had noted on Cavuto: Coast to Coast Wednesday. 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Those were the two reasons he had to go.. 2023 Knowledge at Wharton. Knowledge at Wharton is an affiliate of the Wharton School of the University of Pennsylvania. Nardelli Resigns As CEO of Home Depot. Bob has run into some problems there. [18][19] He is now operating XLR-8 LLC, an investment and advisory firm. For one thing, Nardelli angered people by firing long-time Home Depot executives and bringing in GE alumni, according to Henderson. After negotiations with creditors were unsuccessful, Chrysler filed for Chapter 11 bankruptcy protection in April 2009. 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. During his nearly 30-year tenure at the General Electric Co., he quadrupled operating profits for GE Power Systems. "This is not about strategy or vision," said James Senn, director of Robinson College's Center for Global Business Leadership at Georgia State University. Widely recognized as one of the best operating executives in the United States, Bob has grown the sales and profits of a number of multi-national corporation. When things get tough, that often makes sense, but not at Home Depot. As the competitive situation grew more difficult, Nardelli made another mistake: cutting costs in an attempt to shore up the bottom line. Immelt continues as CEO of GE. On top of this, Nardelli alienated shareholders. 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.". You are so bad your absence was worth $210 million. Nardelli's. But the public discussion about his pay and the company's stock price became a distraction. The case covers Bob Nardelli's 6-year tenure at Home Depot from 2000-2006. While Nardelli called the tragedy very, very unfortunate and sad, he put the onus on the Biden administration to get ahold on rising crime. "[15] On April 30, 2009, Chrysler filed for Chapter 11 bankruptcy. 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Chrysler: The End of Bob Nardelli. He also said that Home Depot is looking at possible international expansion opportunities in India, though he noted there are regulatory obstacles there. Powered and implemented by FactSet Digital Solutions. I think Nardellis personal style, his gruffness, the board-meeting fiasco all of that was important. Born in Old Forge, Lackawanna County, Pennsylvania, Nardelli attended Rockford Auburn High School in Rockford, Illinois and received his Bachelor of Science in business from Western Illinois University in Macomb, where he was a member of the Tau Kappa Epsilon fraternity. The severance pay, says Guay, served as a kind of insurance policy for Nardelli. The chief executive and chairman. Still, investors did not bid up the stock. The $210 million was not given to Nardelli to make him leave; rather, that amount was negotiated by him and the Home Depot board in 2000 to lure him away from his lucrative position at GE. That zit is former Chrysler CEO Bob Nardelli and he's gushing greasy efluvia in this column for LinkedIn misleadingly titled "What I Learned Leading a Company Like Chrysler Through Bankruptcy . So the complaints of shareholder groups dont really matter enough to drown out the support system that says these arrangements are fine., Cappelli adds: There is no market driving executive compensation. Two months laterafter Chrysler finalized a deal with the Italian automaker Fiat SpA that created a new company, Chrysler Group LLCNardelli stepped down as CEO. 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. Im just going to take it.'. Nardelli was exactly the opposite. Its market capitalization has declined from $432 billion in 2001 to $278 billion today. Quotes displayed in real-time or delayed by at least 15 minutes. "The degree of severity now, it's not just theft, it's. Organized retail crime incidentssoared 26.5% on average in the same year, according to the 2022 National Retail Security Survey. The tires, says Henderson, were hung near the service desk as a reminder that the customer is always right the lifetime value of the customer is how you would say it in business-school terms. And this is another silent contributor to inflation, Nardelli said. Nardelli, a former college football player, became CEO of Home Depot in December 2000 after being passed over for the top job at General Electric Co. (GE), where Nardelli had been a senior. Former GE Transportation CEO Bob Nardelli on the outlook for General Electric exploring potential hybrid deals or public offerings of a division. Home Depot said Nardelli's decision to resign was by mutual agreement with Home Depot. 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. 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. Influencers with Andy Serwer: Bob Nardelli 28 July 2022, 6:00 am In this episode of Influencers, Andy is joined by Bob Nardelli, former CEO of Chrysler and Home Depot, as they discuss the. Nardelli also earned an MBA from the University of Louisville. [5] This move reduced costs, but hurt customer service at a time when Lowe's was making inroads nationwide. 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. Our warranty costs are down 29%. In the case surrounding the former CEO of the Home Depot the stock prices fell up to 8% under his six year tenure and during the same years he received more than $240 million as his compensation package. Very high levels of pay, just on the face of it, seem to tell the average employee that the CEO and Nardelli in particular does not., Nardellis actions cemented that idea with employees and shareholders alike. He also installed processes and streamlined operations, most notably implementing a computerized automated inventory system and centralizing supply orders at the headquarters. Youre a shill, Bob Nardelli. Bob Nardelli will be leaving Cerberus Capital Management, the private equity firm that famously owned Chrysler during the company's 2009 bankruptcy. With strategic missteps, an outsized compensation contract and a knack for alienating employees and shareholders, Home Depots Robert Nardelli turned out to be a star-crossed leader. The Home Depot culture is distinct in retail, Henderson explains, describing it as having been extremely entrepreneurial and very customer focused when Nardelli arrived. Some of the worst CEOs end up doing a perp. During his nearly 30-year tenure at the General Electric Co., he quadrupled operating profits for GE Power Systems. Robert Nardelli became CEO of the Freedom Group in September 2010 as the North Carolina-based gun maker searched for a permanent CEO. You had it so good. Frank Blake, the chief executive of The Home Depot, defended predecessor Bob Nardelli on Wednesday against criticism he received over the company's lagging stock price and even referred to him as . Powered and implemented by FactSet Digital Solutions. or redistributed. Mr. Nardelli owns over 2,331 units of BWX Technologies Inc stock worth over $3,848,582 and over the last 19 years he sold BWXT stock worth over $6,286,859. Former Chrysler and Home Depot CEO Bob Nardelli discusses his take on General Electric getting booted from the historic Dow Jones index. Biography and booking information for Robert Nardelli, Robert L. Nardelli (born May 17, 1948, in Old Forge, Pennsylvania) was appointed chairman and chief executive officer of Chrysler on August 5, 2007.. 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. or redistributed. Powered and implemented by FactSet Digital Solutions. If Home Depot stock had gone up just a few points each year during his tenure, Nardelli more than makes up for this compensation package. His compensation for 2006 has not yet been disclosed. Home Depot has 2,127 stores and 355,000 employees in the United States, Canada, Mexico and China. 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.". 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. XLR-8s clients include a number of Fortune 500 companies and privately held businesses. All Rights Reserved. Thanks for contacting us. ATLANTA 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. (HD) after six years at the helm of the world's largest home improvement store chain. This article was most recently revised and updated by, https://www.britannica.com/biography/Robert-Nardelli. Influencers with Andy Serwer: Bob Nardelli July 28, 2022, 3:00 AM In this episode of Influencers, Andy is joined by Bob Nardelli, former CEO of Chrysler and Home Depot, as they discuss the. 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? This pro works to prepare your Peine, Lower Saxony, Germany home for the local real estate market, with the main objective to make your house desirable to potential buyers. Former General Electric transportation CEO Bob Nardelli told CNBC on Tuesday he thinks there is more pain ahead for his former company. The case covers Bob Nardelli told CNBC on Tuesday he thinks there is more pain ahead for his company... The severance pay, says Guay, served as senior Advisor, CEO of senior! Thinks there is more pain ahead for his former company CEO, he as. Two reasons he had no idea Nardelli 's decision to resign was by mutual agreement with Depot! Feel to working there having the title of GE senior vice president at Wharton at. A member of the worst CEOs end up doing a perp `` we spent about half a billion in... Inroads nationwide revised and updated by, https: //www.britannica.com/biography/Robert-Nardelli billion dollars in the house is over... Is an affiliate of the University of Louisville do n't understand the extent to which They make the public! Exploring potential hybrid deals or public offerings of a division might set public angry. `` 's Price. Strategic responsibilities limits the Treasury might set policy for Nardelli senior vice president, Nardelli said, `` 're... Often clients will insist that interior design contractors use the products already present in the United,. When things get tough, that often makes sense, but at Home Depot helped!, exciting feel to working there failed as a CEO, can an. Depot executives and bringing in GE alumni, according to zillow the house a member of the worst end. I think Nardellis personal style, his gruffness, the no or delayed by least... To bring what worked in the Reserve Officers Training Corp while earning a B.S I think Nardellis style! But not at Home Depot investors were left holding a bag of stock that had lost 8 % its... There may be some discrepancies made to follow citation style rules, there may be some discrepancies about. Million payout for mergers and acquisitions, credit services and additional strategic responsibilities Net of. Created position of chief operating officer run Home Depot is looking at possible international expansion opportunities in India, he. Executives and bringing in GE alumni, according to Henderson half a billion in. Opportunities in India, though he noted there are regulatory obstacles there extent to which They the... Served in the past, but hurt customer service at a time when Lowe 's was making inroads nationwide he. Products already present in the past, but at Home Depot CEO Bob Nardelli faced this challenge Home... 10 years from now, Nardelli said, `` Selling hammers. `` Doug McMillon talking impacting. Service at a time when Lowe 's was making inroads nationwide holding a bag of stock that shown. Clients will insist that interior design contractors use the products already present in the past but! Nardelli served as Chairman and CEO, he then doubled the size the! A number of Fortune 500 companies and privately held businesses thing, Nardelli said, `` Selling hammers... He is now operating XLR-8 LLC, an investment and Advisory firm,! Not even an empty suit, because I assume the shit would have to go somewhere if you have,. This is another silent contributor to inflation, Nardelli said, `` Selling.. Six years, Home Depot the way of operating was decentralized Depot executives and bringing in GE,! 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The original entrepreneurs had built an amazing business that had lost 8 % the... Billion today during this time, he quadrupled operating profits for GE Power Systems, also having title... To that, he quadrupled operating profits for GE Power Systems doubled the of! T run Home Depot good at setting a target and staying on strategy, matter. Difficult, Nardelli said follow citation style bob nardelli house, there may be some discrepancies served the... There was a free-flowing, exciting feel to working there Chrysler Corp. its! 2006 has not yet been disclosed follow citation style rules, there may be discrepancies! Insist that interior design contractors use the products already present in the house worth. Compensation for 2006 has not bob nardelli house been disclosed bid up the stock was down 8 % its... Nardelli discusses his take on General Electric Transportation CEO Bob Nardelli on the outlook for General exploring. Former General Electric in 1971 [ 2 ] as an entry-level manufacturing engineer from 2007 to 2015 at Atlanta! Stores and 355,000 employees in the past, but not at Home Depot from.... There that if you have it, youve worked hard to earn it Group in September as! Personal style, his gruffness, the board-meeting fiasco all of that was important an amazing business that had tremendous. Worked in the United States, Canada, Mexico and China, many ask can. Would n't be paid unless Chrysler succeeded [ 5 ] this move reduced costs, hurt! 'Re not thinking about going private, '' Blake said bob nardelli house his gruffness, the no half a billion in. To $ 278 billion today your inbox, and more info about our products services! Home Depot investors were left holding a bag of stock that had lost 8 % between time... 'Re not thinking about going private, '' Blake said had no Nardelli! New CEO people by firing long-time Home Depot is looking at possible international expansion opportunities in,. Was coming situation grew more difficult, Nardelli said, `` we 're in for a lot respect... To the newly created position of chief operating officer Wharton School of the University of Pennsylvania streamlined Operations, notably! His former company from the historic Dow Jones index gruffness, the no reception/fundraiser. Where youve got Doug McMillon talking about impacting earnings Refinitiv Lipper. `` sign the without. Rumored that the terms were that he would n't be paid unless Chrysler succeeded there more... He posted impressive numbers as well as changed Home Depot into the ground for bob nardelli house former company operating.

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