Home Depoe CEO get $210M in severance!

  1. Talk about Golden Parachute! Whooo wee!

    Lots of folks are mad because many feel he did a terrrible job.

    Home Depot CEO Nardelli Abruptly Resigns-
    Nardelli Resigns Abruptly As CEO of Home Depot, Leaves With $210M Severance Package


    By HARRY R. WEBER AP Business Writer

    ATLANTA Jan 3, 2007 (AP)-- Dogged by criticism of his hefty pay and his company's poor stock performance, Bob Nardelli abruptly resigned 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, the company said Wednesday.

    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. ....
    You can read the rest of the story here--->ABC News: Home Depot CEO Nardelli Abruptly Resigns
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  2. 6 Comments

  3. by   TheCommuter
    Absolutely ridiculous, considering the fact that the typical Home Depot clerk earns about $9 per hour.

    I don't know how anyone could possibly figure out a way to spend a hefty sum such as $210 million in a single lifetime!
  4. by   Spidey's mom
    Quote from TheCommuter
    Absolutely ridiculous, considering the fact that the typical Home Depot clerk earns about $9 per hour.

    I don't know how anyone could possibly figure out a way to spend a hefty sum such as $210 million in a single lifetime!
    I have a suggestion - he could give a million to me and I could retire.


    steph
  5. by   TheCommuter
    Quote from stevielynn
    I have a suggestion - he could give a million to me and I could retire.


    steph
    I'd settle for half a million.
  6. by   Spidey's mom
    Quote from TheCommuter
    I'd settle for half a million.
    Naw, he can afford a million.

    steph
  7. by   CseMgr1
    Way to go, Corporate America. And you wonder why we don't give a tinker's damn?? :angryfire
  8. by   CHATSDALE
    i know that i missed that last paycheck -- i didn't know the exact amount though, may have been for something less than that

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