Chrysler's Nardelli ends another stormy reign
It was just two years ago that Bob Nardelli stepped down (or was pushed out) as the CEO of Home Depot (HD). Now, as Chrysler files for Chapter 11 bankruptcy protection, it's almost time for him to say goodbye once again from the company he's led since August 2007.
I'll cut him some slack for the Chrysler situation though. First, Nardelli signed on to help a company that was already in a downward spiral. Second, he is saying that he was not asked to step down, but decided that he thought it would be appropriate to go once the struggling automaker emerges from bankruptcy protection. Third, Nardelli was was able to steer the company into a partnership deal with Fiat -- a key part of its restructuring plan.