Bob Nardeli Quits Home Depot: The Debate on Executive Pay*

Details

Case Code : CLHR023
Publication date : 2009
Subject : HROB
Industry : -
Length : 02 Pages
Price : Rs. 100

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Key words:

CEO compensation, Executive compensation, Bob Nardelli, Home depot, severance package, golden parachute, shareholder management, public relations, Human, Resource, Management

Note

* This caselet is intended for use only in class discussions.
** More comprehensive case studies are priced at Rs.200 to Rs.700 (US $5 to US $16) per copy.

 

Abstract

This case is on the issue of CEO Executive compensation, which came into intense discussion with the sudden exit of Home Depot CEO, Bob Nardelli. It discusses various dimensions of the eligibility of the top executives receives big-time pay packages.

Introduction On January 03, 2007, Bob Nardelli (Nardelli) quit as CEO after a six year stint at The Home Depot, Inc. (Home Depot), a US-based retail chain for home improvement products. Home Depot said that Nardelli would be replaced by Frank Blake, the company's vice chairman. With US$ 81.5 billion in annual revenues (for fiscal 2005), Home Depot was the second largest retailer in the US, behind Wal-Mart Stores, Inc. (Wal-Mart), and third largest retailer in the world, behind Wal-Mart and Carrefour SA. Nardelli had joined Home Depot as CEO in the year 2000.

He had earlier worked in the General Electric Company (GE) as head of GE Power Systems, one of the most profitable businesses within GE...

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