{"id":951,"date":"2007-05-25T08:55:28","date_gmt":"2007-05-25T13:55:28","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2007\/05\/dealing-with-the-high-d\/"},"modified":"2007-05-25T08:55:29","modified_gmt":"2007-05-25T13:55:29","slug":"dealing-with-the-high-d","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2007\/05\/dealing-with-the-high-d\/","title":{"rendered":"Dealing With The High D"},"content":{"rendered":"<p>Much of the emotional writing around Bob Nardelli (former CEO of Home Depot) involves his pay package and the implication that he was incompetent.&nbsp; But what is the actual transgression he committed?&nbsp; You&#8217;ll notice that many of the articles attack his severance package without listing the reason why he was&nbsp;ousted by the board.<\/p>\n<p>Home Depot&#8217;s <a href=\"http:\/\/selectmetrix.com\/blogs\/2007\/04\/executive-salary-caps-continued\/\" target=\"_blank\">profits doubled in his 6 years as CEO<\/a>.&nbsp; The new housing market was quite strong during this period, but he still deserves credit as being the leader during this time.&nbsp; Today I found a Pioneer Planet article titled <a href=\"http:\/\/www.twincities.com\/ci_5980861?source=rss\" target=\"_blank\">Home Depot looks to move past missteps under ex-CEO<\/a> that finally discusses Nardelli&#8217;s &#8220;missteps.&#8221;<\/p>\n<blockquote>\n<p>The new chief executive, Frank Blake, took the stage and apologized for last year&#8217;s infamous annual meeting, when Nardelli refused to take questions from investors, and <strong>members of the company&#8217;s board stayed home, at their leader&#8217;s urging<\/strong>.<\/p>\n<p>&#8230;<\/p>\n<p>Blake tried hard to distance the proceedings from last year&#8217;s session, which was viewed as a botched effort to muzzle angry shareholders. Last year, for example, <strong>Nardelli employed large digital timers that cut off speakers after one minute<\/strong>. <\/p>\n<p>The theme of this year&#8217;s shareholder day was openness. Blake used the word several times and tried to show that he meant it, fielding long-winded, critical questions and discussing Home Depot&#8217;s business problems.  <\/p>\n<p>Since Nardelli did none of those things last year &#8211; <strong>he concluded the gathering after 37 minutes<\/strong> &#8211; investors said the bar for transparency had been set rather low.<\/p>\n<\/blockquote>\n<p>That&#8217;s right, Nardelli&#8217;s style of management was the major issue in his leadership.&nbsp; This is conjecture, but I would bet my bottom dollar that Mr. Nardelli is a <a href=\"http:\/\/www.selectmetrix.com\/Assessing_Selling_Style.html\" target=\"_blank\">High D (Dominance) style<\/a>.&nbsp; This style is typically aggressive, blunt, forceful &#8211; the type that often looks for a fight. <\/p>\n<p>The High D style is a dangerous one in a leadership position.&nbsp; They often act on impulse, set an arbitrary course and discount people in favor of tasks.&nbsp; You can see where this general style can get in real trouble in today&#8217;s world. <\/p>\n<p>We&#8217;ve seen some tremendous flame-outs from High D leaders amongst our clients.&nbsp; The energy of their leadership is initially infectious to owners and boards, but their style, over time, grates on others unless it is kept in check.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Much of the emotional writing around Bob Nardelli (former CEO of Home Depot) involves his pay package and the implication that he was incompetent.&nbsp; But what is the actual transgression he committed?&nbsp; You&#8217;ll notice that many of the articles attack his severance package without listing the reason why he was&nbsp;ousted by the board. Home Depot&#8217;s profits doubled in his 6 years as CEO.&nbsp; The new housing market was quite strong during this period, but he still deserves credit as being the leader during this time.&nbsp; Today I found a Pioneer Planet article titled Home Depot looks to move past missteps under ex-CEO that finally discusses Nardelli&#8217;s &#8220;missteps.&#8221; The new chief&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2007\/05\/dealing-with-the-high-d\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[14,11],"tags":[],"class_list":["post-951","post","type-post","status-publish","format-standard","hentry","category-communication","category-team-management"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-fl","jetpack-related-posts":[{"id":835,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/04\/executive-salary-caps-continued\/","url_meta":{"origin":951,"position":0},"title":"Executive Salary Caps Continued","author":"Derrick Moe","date":"April 18, 2007","format":false,"excerpt":"I am attempting to stoke this fire some more with Red Bird. One reader posted a comment to yesterday's post stating this: You guys must be living under a bush somewhere back east. Have you ever heard of the golden parachute? Show up, don\u20ac\u2122t do anything, get fired and walk\u2026","rel":"","context":"In &quot;Compensation&quot;","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":631,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/02\/the-underpaid-ceo\/","url_meta":{"origin":951,"position":1},"title":"The Underpaid CEO","author":"Derrick Moe","date":"February 3, 2007","format":false,"excerpt":"I am all for people making as much as they can in their careers which is why I do not understand the emotional attachment to CEO pay. If those CEOs can make that kind of money, more power to them. It doesn't bother me that Bob Nardelli made big money\u2026","rel":"","context":"In &quot;Compensation&quot;","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":461,"url":"http:\/\/selectmetrix.com\/blogs\/2006\/11\/ceos-and-shareholder-value\/","url_meta":{"origin":951,"position":2},"title":"CEO&#8217;s and Shareholder Value","author":"Derrick Moe","date":"November 28, 2006","format":false,"excerpt":"A quick story from the Pioneer Press - Early exit cuts Stroucken pay package. The departing CEO of H.B. Fuller located north of St. Paul is taking a compensation package with him worth $18.5 million. The article simply states: The news release noted Stroucken is receiving $4 million less than\u2026","rel":"","context":"In &quot;Compensation&quot;","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":961,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/05\/new-article-how-to-lose-strong-sales-candidates\/","url_meta":{"origin":951,"position":3},"title":"New Article &#8211; How to Lose Strong Sales Candidates","author":"Derrick Moe","date":"May 29, 2007","format":false,"excerpt":"We've just released a new article regarding a popular topic in this present market - How to Lose Strong Sales Candidates. The job market has definitely shifted to the candidate's favor since there are more sales positions available than strong salespeople. Companies that want to make the best hires need\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"http:\/\/selectmetrix.com\/blogs\/category\/website\/articles\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":474,"url":"http:\/\/selectmetrix.com\/blogs\/2006\/12\/ceo-trend\/","url_meta":{"origin":951,"position":4},"title":"CEO Trend","author":"Derrick Moe","date":"December 1, 2006","format":false,"excerpt":"I'm a fan of Anthony Meaney's blog over at Recruiting.com. He has a great riff today on an interesting trend - publicly traded company CEOs leaving to join privately held equity firms. The reason from Anthony: Private equity firms are not publicly traded and are not beholden to shareholders, activists,\u2026","rel":"","context":"In &quot;Compensation&quot;","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":716,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/03\/buffett-on-ceo-compensation\/","url_meta":{"origin":951,"position":5},"title":"Buffett On CEO Compensation","author":"Derrick Moe","date":"March 3, 2007","format":false,"excerpt":"From the Pioneer Press' Buffett too hard on director pay: The media, he says, have scrutinized \"CEOs who have received astronomical compensation for mediocre results.\" At Berkshire Hathaway Inc., where the famously successful investor has long been chairman, things are different. Pay can be high, but only when there are\u2026","rel":"","context":"In &quot;Compensation&quot;","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=951"}],"version-history":[{"count":0,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/951\/revisions"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=951"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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