Sunday, January 14, 2007 at 1:29 PM

For corporate CEOs, nothing succeeds quite like failure…

Posted by Anthony L. Hall


During his 6 years as CEO of Home Depot, the largest home improvement retailer in America, Robert Nardelli managed what seemed virtually impossible in a U.S. economy experiencing unprecedented growth, buoyed no less by a thriving housing market: He generated no increase in the value of his company’s stock, which was trading at the same $40 a share when he was fired 10 days ago as it was when he was hired in 2000.

Yet, as token of their appreciation for his “strong leadership”, the board of Home Depot gave him a get-lost severance pay of $210 million….

Talk about a corporate scandal!

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