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Former Home Depot chief Bob Nardelli to become new Chairman and CEO of Chrysler

By: Peter Chubb | August 6, 2007 | 2 Comments

Former Home Depot chief Bob Nardelli to become new Chairman and CEO of Chrysler

It now seems as though Former Home Depot chief Bob Nardelli will now become the new Chairman and CEO of Chrysler. Nardelli is expected to receive a performance-based compensation package, what that means is if the company Chrysler, does not show much improvement then Bob will not get paid.

Bob Nardelli decided to call it a day as Home Depot chief because of a strained relationship with the company’s shareholders, over his compensation package and also the company’s stock price. Current CEO of Chrysler, will now become vice-chairman and president, it also looks as if Eric Ridenour the current Chrysler COO will depart the company.
Source

If this rumor is true, do you think that Bob Nardelli is the right man for the job?

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  • http://CHRYSLER DEDRA NARRAMORE

    WE ARE SOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO GLAD THAT YOU HAVE NARDELLI & WE DONT- YOU ARE CRAZY IF YOU THINK HE IS THE RIGHT MAN FOR THE JOB. OH,HES YOUR MAN IF YOU WANT YOUR COMPANY TO CRUMBLE(FAST)YOUR RETIREMENT TO FLOAT INTO NARDELLIS BANK ACCOUNTS & EMPLOYEES MORALES & PAY TO GO SOUTH WHERE NARDELLI IS VACATIONING IN ONE OF HIS SUMMER HOMES ,THAT WAS PROBABLY PURCHASED BY MONEY HE TOOK FROM HOME DEPOT EMPLOYEES THAT HAD MADE HOME DEPOT WHAT IT WAS BEFORE NARDELLI SO CHOSE TO CHANGE WHAT *WE USED TO DO FOR CUSTOMERS*.AL BUNDY WOULD’VE BEEN A BETTER CHOICE…DEDRA(HD ASSOCIATE)CUE IN- GE DIDN’T WANT,HOME DEPOT OUSTED HIM & YOU HIRED HIM?????YOU TELL ME IF HE IS THE RIGHT MAN FOR THE JOB????IM NOT EVEN A CEO &I CAN TELL YOU THAT ANSWER

  • Kim Brackett

    Ha!Ha!Ha! Is Nardelli the right man for the job? What a question. Did any of you even watch the news when he finally left Home Depot? He took so much from so many people in the six years he was at Home Depot only to benefit himself. He has to this day not been remorseful for his actions. He doesn’t care that he capped pay, cut bonuses, fired long term employees, and ran off good customer’s with not having employees on the sales floor. All of this knowing he was padding his pocket with 210 million. (unearned) If he was half a man, he would have returned that unearned money back to the associates he robbed from. Best advise we can give you is either get out or move your investments elsewhere, maybe Home Deopt now. This man has no heart! He will cut you and smirk at the tv cameras while he’s doing it. Good Luck to you all. Especially the hourly associates. You will find that you do not matter in the grand scheme of things.
    It is on you now if you take our advise. Another tip from experience, Do Not let his contract roll over. This is where he will get you too!
    Sincerely,
    Kim