Tuesday, February 06, 2007

Meet Robert Nardelli

Here is the heartwarming story of former Home Depot CEO Robert Nardelli.


Because when Robert Nardelli was hired and brought on he had negotiated a severance package for himself. How much would he get paid to lose his job? Try $210 MILLION dollars...
http://biz.yahoo.com/ap/070103/home_depot_nardelli.html?.v=38


Just once wouldn't we all want to have a deal like that? Who knew that being fired would be like hitting the lottery.
Now imagine you are a stockholder? Your money is invested with Home Depot and by contract the company has to pay the CEO who has sank the stock and performed so terribly over $200 million dollars just to get lost? Are you out of your fucking mind?!?


The whole post is a good meditation on the current financial disparity between the poorest and wealthiest Americans.

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