$210M wasn’t enough for Nardelli?
Robert Nardelli is becoming the CEO at Chysler this week after leaving Home Depot lass than 7 months ago, under a ton of heat. Nardelli’s severance package was around $210M and came under alot of fire from shareholders at Home Depot as his performance did not seem to warrant that kind of pay package.
The motor industry is turning to outsiders to turn their fortunes around, and I guess after Alan Mullaly’s quick turnaround at Ford it appears to be working…for one company and after a very short period. Hopefully these changes will help Chrysler turn around and become the success that it was not to long ago.
I however don’t want to get into the specifics about Nadrelli, or the motor industry turning to outsiders. What amazes me, is that Nardelli is already taking another high level, high pressure, high expectations job. He was cut loose with a $210M check and he just wants to be back in the game. I’m sure that it’s ego, but I would imagine you could help your ego recover for a little while longer on the beaches of Thailand. Good luck to Nardelli and Chrysler, but wow, I just can’t believe how quick he’s back in the game. Of course if it doesn’t work out, he will probably walk away with at least another $50M right?
[Note to self, learn more about Six Sigma]
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