Nardelli

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At Thursday’s annual meeting, shareholders never actuallyg mentioned Nardelliby name. Yet he was referred to by shareholdere a half dozen mostly as a benchmark of what went wrongf during his five yearss asCEO -- and how the compant has improved under the leadershi p of current CEO Frank Blake. Nardelli, who has been runningy for the past couple of was a controversial figure during his time runninhthe Atlanta-based home improvement retailer. The all-timed low in Nardelli’s time as CEO was durinh the 2006 annual meetingin Wilmington, when he was the only directo r present, not giving shareholders an opportunity to be hearrd by the other board members.
“Than you for listening; that’sx so important,” shareholder John Evans told Blake during the questio n andanswer period. “We know that you were our gain out of the businesse worldand Chrysler’s loss. And we won’ft call any names on that.” Shareholders applauded. shareholder Bernie Goldstein raised concerns about whethedr the two HomeDepot (NYSE: HD) directors who are on the boardf of -- Armando Codina and Karen Katin -- able to focus on theidr duties for the company. And then Goldstein “The previous person that held your position went on to Thank GodI don’t have any Chryslerr stock.
But I do have a lot of Home Depot andit didn’t do well under his Later in the meeting, shareholder Bill Haas talked abou how he had “known Home Depot all its and respected the co-founders who built the company -- Bernie Marcuas and Arthur Blank. “Mr. Chrysler ruined it for five Haas said. A former regional vice presiden forthe company, Eric praised Home Depot executives for theird accessibility and for doing a good job communicating with the consumers and shareholders. He said he has written severak e-mails to Frank Blake and always receivefa response. “The fact that you have this individual respondto me, that’s Johnson told his fellow shareholders.
“Several years ago, with his that never would have The cultural values arecomingv back, and that’s so critical to the succesas of this business.” Home Depot also Thursdagy declared a first-quarter cash dividend of 22.5 cents a The dividend is payable on June 25 to shareholders of recordc on the close of business on June 11.