Wednesday, January 03, 2007

Arrogance gets its comeuppance

Bob Nardelli, the arrogant CEO of Home Depot, is no longer CEO. He 'resigned' today. Of course, he will not have to find another job as his severance agreement will pay him $210,000,000 plus who knows what perks. In his six years running CEO, he will have received almost a half-billion dollars. Not bad for him, but the stockholders saw no gain in the six years he ran the company.

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