The Vault

What’s Iacocca Thinking Right Now?


Thelma_louise2"While we understand that the approach we took to the annual meeting
was a departure from past practice, it should in no way be construed as
either a lack of respect for our shareholders or a lessening of our
commitment to high standards of corporate governance and transparency."

- Statement from Home Depot in response to outrage over what has to be the most stunning spectacle of an annual board meeting, ever.

"The departure, described as "mutually agreed" to, came with a hefty $210 million severance package for Nardelli."

- MarketWatch on resignation of Home Depot CEO Robert Nardelli, 1/3/2007

“I am very excited to be part of a team focused on
re-establishing Chrysler as a standalone industry leader, with a
renewed focus on meeting the needs of customers."


- Robert Nardelli, in press release announcement of his new position as CEO of Chrysler

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1 Comment For This Post

  1. Chris Busch said:

    Why buy Google when you can short Chrysler?

    -August 8, 2007 at 9:24 pm

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