Wednesday, January 03, 2007



Home Depot Chief Executive Resigns

ATLANTA (AP) -- Dogged by criticism of his hefty pay and his company's poor stock performance, Bob Nardelli abruptly resigned Wednesday as chairman and chief executive of The Home Depot Inc. after six years at the helm of the world's largest home improvement store chain.

But he didn't leave empty-handed: the Atlanta-based company said Nardelli would receive a severance package worth roughly $210 million.

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