former Home Depot CEO Bob Nardelli as the new chairman and CEO. Mr Nardelli left Home Depot in January with a $210 MILLION bonus.

I guess thats one way of making sure you are breaking from your past.

http://www.autonews.com/

 

Half a dozen years and they'll be owned by the Chinese.

 

...Does this mean that, in order to cut costs, all Chryslers will be built from lumber?

 

LOL

 

I wish them luck. One good think is that his pay will be based on performance of the company so at least he'll be motivated.

It would be nice to have good American alternatives avilable.

 

So now instead of suit's car salesmen will wear a bright Orange apron with Chrysler on it.

If this guy is a actual "Car Guy" then I'll be happy. If he's taking the job for the paycheck the car maker is dead.

 

Hiring a guy that commands/requires such an enormous salary is definitely going to help union negotiations.

 

No, they're just going to relocate all dodge dealers to the contractor section of Home Depot stores

 

So let's see, this is the guy who led Home Depot during the last few years. A time when A) their stock was pretty much flat, even though B) we experienced the biggest housing boom in history. Hmmm.

 

I worked for Home Depot for a few years, beginning in 2002. I had a huge post planned out, but a glance at the wikipedia page on Bob Nardelli more than covers everything I wanted to say.

Basically Nardelli pissed off the customers and employees because he sucked all the personality out of Home Depot and installed a cold, hard, corporate robot in its place. Additionally, HD stock had fallen to less half it's previous value after his first three years as CEO. Here's a visual aid - HD's stock price starting in Dec 2000 (when Nardelli took over) to present.


As you can see, it's still not fully recovered, despite the housing boom.

 

is the big dip from 9/11?

 

9/11 did not effect our economy much.

If you look below you can see the scale of the graph in years - the stock was still doing reasonably well at the end of 2001