Corporate corruption at its finest.
The marketplace should punish Home Depot for squandering the money of its investors.
And that is that.
This article criticizes Nardelli as a "greedy CEO" but that's ridiculous. He is not a CEO who performed badly, got fired, then said, "You know what? I'm not leaving unless you give me $100M! No, make that $200M! Oh, what the heck! I'm not leaving until you give me $240M!"
The Board of Directors hired the guy. They agreed to a certain compensation package. His time came, and they paid him what had been previously agreed upon.
How is the guy greedy? Far better to criticize the Board as dumb. And if the board is dumb, then they should be replaced by smarter people. Which begs the question: "How do you get smarter people to help run your company and make it successful?" Well, there is no easy answer, but one key ingredient is the willingness to pay top dollar.
These guys sign contracts when they're hired.
If the contract doesn't have a clause regarding the CEO's performance or financial health of the company before the CEO resigns or something of that nature, it's stupid, but too bad.
When are liberals going to complain about overpaid celebrities & music stars? Where's the outrage over someone like Travolta making $20 million a picture?
Unless you're a stockholder STFU. Ain't none of your business, commie.