10:59 am May 28, 2009, by Henry Unger
His spirit was at Home Depot’s annual meeting today — even though his name was never mentioned.
No, not Bernie or Arthur. But Bob.
One shareholder called former Home Depot CEO Bob Nardelli “Chrysler’s loss,” a reference to his current role as head of the bankrupt carmaker.
Another shareholder said “Mr. Chrysler” ruined Home Depot during his tenure at the No. 1 home-improvement retailer.
Shareholders, still bitter at Nardelli’s leadership they believe hurt customer service, employee morale and the stock price, could not utter his name during the meeting at the Cobb Galleria.
At the same time, shareholders clearly held generally positive feelings for his successor, Frank Blake. “You are our gain,” one shareholder told Blake.
Blake had mixed news to deliver, including declines in revenue and profits. But, he added, “the worst is behind us.” He expects the economy and housing market to be close to the bottom.
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