MORE THAN A FIX-IT PROJECT—HOME DEPOT’S ROBERT NARDELLI
In 2000, Robert Nardelli was a top-three finalist to replace Jack Welch at General Electric, the most-anticipated CEO changing of the guard in American business history. When he lost the job to Jeffrey Immelt, Nardelli weighed offers and chose Home Depot, which was growing faster than any retailer in history, even Wal-Mart. Somehow, Nardelli managed to mess it up. In spite of his initial success, he eventually destroyed his brand with employees, customers, shareholders, and even the public, becoming a symbol of greed, arrogance, and extravagance.
Riding the wave of the housing and home improvement boom in the early 2000s, Nardelli oversaw the growth of sales from $46 billion in 2000 to $81.5 ...
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