Biographical Sketch
This section presents a brief overview of his personal and professional life. Robert L. Nardelli was born on May 17, 1948 in Old Forge, Pennsylvania. He completed his Schooling in the State of Illinois and earned Masters in Business Administration from University of Louisville. Nardelli started his professional career at GE where he worked for 27 years. Nardelli served as the head of GE's Canadian appliance unit. Later, he headed the transportation systems division. He thus rose to become one of the top four executives in GE. A lengthy succession plan ensued when Jack Welch was leaving GE and Nardelli was in the race towards becoming the CEO of the company. However, after losing the CEO spot to Jeff Immelt, he exited the company.
Then, Nardelli took over as CEO of the home retailer Home Depot in 2000. Nardelli brought discipline to Home Depot but the shifting of gears was shocking to a lot of people who were well accustomed to his predecessor Bernie Marcus’ laid-back style. By many benchmarks, including sales, gross margins, and profits, Bob Nardelli did a fairly good job at Home Depot. However, Nardelli came under fire and extreme criticism for his gargantuan compensation package relative to the stock's weak performance, slowing profits and a regulatory