The head of Home Depot Inc. left the home improvement chain on Wednesday in a mutual agreement, taking with him a severance package worth about $210 million US.
The surprise departure of Bob Nardelli from the role of chief executive officer after six years came amid investor unhappiness over Home Depot's share price performance. Nardelli also stepped down as chairman of the board.
"Hey, we don't think you're doing your job. Here's a severance package worth more than a winning lottery ticket."
$20 million in cash? $77 million in accelerated options (essentially cash after the sale)?
Hey, Home Depot: fire me, please? Hell, I'll not do my job for half that.