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The Home Depot (or simply Home Depot) is an American retailer of home improvement and construction products and services Robert Louis "Bob" Nardelli (born May 17, 1948, in Old Forge, Pennsylvania) was the chairman and chief executive officer of Chrysler. He had earlier served in a similar capacity at The Home Depot from December 2000 to January 2007. Prior to that, Nardelli had risen to become one of the top four executives at General Electric. CNBC named Nardelli as one of the "Worst American CEOs of All Time" When Jack Welth retired as chairman and CEO of General Electric in 2000, Robert L. Nardelli was part of a lengthy and well-publicized succession planning saga He quickly hired by Home Depot Using the “Six Sigma” management strategy from GE, Nardelli dramatically overhauled Home Depot and replaced its freewheeling entrepreneurial culture. He changed the decentralized management structure by eliminating and consolidating division executives. He also installed processes and streamlined operations. He was credited with doubling the sales of the chain and improving its competitive position Revenue increased from $45.7 billion in 2000 to $81.5 billion in 2005, while profit rose from $2.6 billion to $5.8 billion The company’s stagnating share price, his results-driven management style Even received the solid support of Home Depot’s board of directors, Nardelli abruptly resigned on January 3rd, 2007. No!!! The total severance package amounted to $210 million as he had been negotiated years earlier when he joined Home Depot Additionally, he and his family would receive health-care benefits from the company for the next 3 years The mammoth pay-off for Nardelii’s departure caused uproar among many shareholder activities because Home Depot’s stock fell 8% during his 6-year tenure. So how much is a CEO Worth? “Ask not what you can do for your company , ask what your company can do for shareholder”