Bob Nardelli

“So a couple of years into Nardelli's tenure, customer satisfaction among Home Depot shoppers falls to the lowest level of any major US retailer.”

“You can Operationally excellence yourself out of being entrepreneurial. If you take away all of people's ability to take ideas and act on them and have fun and all that stuff like you, that could kill the company.”

“And meanwhile, during this same period, again, this is as the U.S. Housing bubble is reaching, you know, its peak inflation. Lowe's stock price is up 200%.”

“Nardelli also gets paid roughly two hundred million dollars by the board over the six years of his tenure running Home Depot.”

“But David, they doubled their revenue and their profits, and they grew from 1100 stores to 2000 stores in five years.”

“During Nardelli's tenure, he authorizes twenty billion dollars in share buybacks and dividends. That doesn't even move the stock price.”

“Finally, on January second, 2007, Ken Langone calls a special board meeting in Dallas and the board fires Nardelli at this meeting. He gets an eighteen million dollar cash severance payable immediately and gets a quote unquote retirement package valued at two …”