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1. Stock Research Nyses Home Depot Rocks Investors With Ceo Resignation Can Corporate Culture Survive Our stock research has come up with an intriguing play. As you know, Home Depot through its Board of Directors forced the resignation of General Electric trained CEO, Robert Nardelli, who had actually just been with Home Depot a number of years. Somehow, Nardelli handled to get the Board to offer him a $200 million severance package, which has Home Depot shareholders up in arms. How did a long-time General Electric person like Nardelli screw up so bad that he was forced to resign, and not since he didnt deliver the numbers? Our stock research we believe has actually offered the response. Lots of CEOs have what is called the cult of character. Nobody anticipated Nardelli to be the royal CEO that he became extremely rapidly when he was given the reins to Home Depot. Theres an expression that people like to use. Its called, If it aint broke, do not fix it principle. Nardelli violated this cardinal guideline of management. He came in, generally said I understand how to run things, enforced his will, and after that blew it. In the end, he might have blown a lot more than his own profession. Our stock research study shows that this company might require a lot more than Nardellis resignation, to effectuate the change that is now needed to restore Home Depot as the undeniable heavyweight champ of house enhancement. You might be conscious that Lowes is breathing down Home Depots back as we speak. Wall Street likes Lowes, and for the minute dislikes Home Depot big time. Why is Home Depot in difficulty? Its due to the fact that our work reveals that Nardelli may have wiped out much of the original business culture that founders Bernie Marcus, and Arthur Blank instilled in the corporation over a 20-year run. House Depot is one of the really fantastic success stories of late 20th century corporate America. Prior to Home Depot, you went to one shop for pipes, another for paint materials, and another for lumber. What you have to bear in mind is that Home Depot was founded on a number of ethical concepts, and values. As explained in words by founder Bernie Marcus, they consisted of: Superb Customer Service Looking after the Employees Galvanizing, Recognizing, and Promoting Entrepreneurial Spirit Respecting all People Doing the Right Thing

2. When Bob Nardelli walked in the door, these principles and values that Home Depot was developed on were cast aside in favor of a royal CEO design. General Electric https://truewow.org/forum/memberlist.php?mode=viewprofile&u=10133142 is the finest run business of its kind in the world, however its style is not suitable for an entrepreneurial based company like the Home Depot GE is understood for working people all kinds of hours consisting of all nighters and weekends. It was this atmosphere that Nardelli brought to Home Depot. Nardelli blew up the customer service excellence that Home Depot was known for, by eliminating the handoff guideline. Nardelli hurt the entrepreneurial spirit of the shop managers by requiring them to comply with the GE management design design template. When it comes to taking care of the staff members, it begins with the top. The royal CEO systematically tackled replacing as a number of the crucial individuals in the business as he might with his own General Electric alumni. The GE alumni are now in Charge in the house Depot. Our issue as a best Internet financial advisory company is that the General Electric style of management which works work if your end user is another company, stops working miserably when the end user is a consumer. At Home Depot the consumer was king, and dealt with appropriately. I saw it today in a Home Depot store in Norwalk, Connecticut. Now if this continues, Lowes will eat Home Depot for lunch. Nardelli gone Whats the Problem? The problem is the culture has been altered. The senior management of Home Depot is now a group of General Electric trained executives. All of whom have signed up with the business in the last five years. They are still there. The Board of Directors has handed the CEO and Chairman slots to Frank Blake who joined the company five years earlier in 2002 from where? You guessed it he invested the bulk of his career at General Electric. Oh yes, he served as deputy secretary for the U.S. Department of Energy. What does any of this relate to handling a man who wants to purchase a paintbrush and a gallon of paint? The answer is extremely little to absolutely nothing. New CEO Blake has a law degree from Columbia, and was a law clerk to Supreme Court Justice Stevens. Hes a good guy in the wrong slot with the incorrect background. When we looked at the bios of the remainder of the senior management team, we noticed they too were basically all General Electric former executives brought in by Nardelli. These are individuals who invested the bulk of their professions at General Electric which suggests their corporate culture is the GE culture, not the Home Depot culture based upon satisfying the consumer. At Home Depot, the customer ALWAYS CAME. Walk into a shop now, and you do not get that sensation. The stores remain in worse shape than they were years back. The workers are not as helpful, nor also trained. The spirit that made this business go is no longer evident. The BIG QUESTION is whether or not Home Depots current assessment in the stock exchange makes the stock a buy TODAY, no matter the management teams ineptness. That dear financier is another question, and we will have the response shortly. Farewell and Good Luck