The CEO (Chief Executive Officer) of Atlanta, GA-based Home Depot Inc. quit after six years on the job.
Robert Nardelli (age 58), upon quitting Home Depot, received a
$210 millionseverance package.
The Cincinnati Post reported the following."Nardelli's severance package includes a cash payment of $20 million and the acceleration of unvested deferred stock awards currently valued at roughly $77 million. It also includes payments of earned bonuses and long-term incentive awards, account balances under the company's 401(k) plan and other benefit programs and certain retirement benefits."
Home Depot (HD) moved up on the news.
Home Depot, which was founded in 1978, has approximately
Creator: Gerald D. Thurman
Created: 05 January 2007