Much of the emotional writing around Bob Nardelli (former CEO of Home Depot) involves his pay package and the implication that he was incompetent. But what is the actual transgression he committed? You’ll notice that many of the articles attack his severance package without listing the reason why he was ousted by the board. Home Depot’s profits doubled in his 6 years as CEO. The new housing market was quite strong during this period, but he still deserves credit as being the leader during this time. Today I found a Pioneer Planet article titled Home Depot looks to move past missteps under ex-CEO that finally discusses Nardelli’s “missteps.” The new chief… Read More
Continue ReadingThe History of Memorial Day
The unofficial start of summer is this weekend. With such an an important day to remember the valiant people who have died in the service of our nation, I thought it would be appropriate to give a little history to the Memorial Day holiday. For more information please visit this website devoted to Memorial Day. May 5th, 1868 – General John Logan, national commander of the Grand Army of the Republic, in his General Order No. 11, Memorial Day was officially proclaimed, when flowers were placed on the graves of Union and Confederate soldiers at Arlington National Cemetery. 1873 – New York is the first state to recognize Memorial Day… Read More
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