Bob Nardelli Net Worth: How Much Is the Former CEO of Home Depot Worth?

Bob Nardelli Net Worth: A Closer Look

Bob Nardelli is a businessman and former CEO of Home Depot. He is also the chairman of the board of directors of The Home Depot. Nardelli has a net worth of $180 million.

Nardelli was born in Youngstown, Ohio, in 1952. He graduated from the United States Military Academy at West Point in 1974. He served in the United States Army for five years.

After leaving the military, Nardelli worked for General Electric for 20 years. He rose through the ranks and eventually became the CEO of GE Power Systems.

In 2001, Nardelli was hired as the CEO of Home Depot. He led the company through a period of rapid growth. However, he also faced criticism for his management style.

In 2007, Nardelli was fired from Home Depot. He has since served as the chairman of the board of directors of The Home Depot.

Nardelli is a controversial figure. He is known for his aggressive management style and his high salary. However, he is also credited with turning around Home Depot and making it one of the most successful retailers in the world.

In this article, we will take a closer look at Bob Nardelli’s net worth. We will discuss his career, his management style, and his controversial firing from Home Depot.

Year	Net Worth (USD)	Source
2018	$140 million	Forbes
2019	$150 million	Forbes
2020	$160 million	Forbes

Net Worth Overview

Bob Nardelli is an American businessman who has a net worth of $160 million. He is best known for his tenure as CEO of The Home Depot from 2000 to 2007. During his time at The Home Depot, Nardelli oversaw the company’s growth from $80 billion to $200 billion in sales.

Nardelli’s net worth is derived from a variety of sources, including:

• CEO salaries: Nardelli earned an annual salary of $25 million during his time at The Home Depot.
• Stock options: Nardelli received stock options worth hundreds of millions of dollars when he left The Home Depot.
• Consulting fees: Nardelli has earned millions of dollars in consulting fees since leaving The Home Depot.

Nardelli has also invested in a number of businesses, including Home Depot, The Home Depot Foundation, and The Bob Nardelli Foundation.

Career Highlights

Bob Nardelli’s career highlights include:

• CEO of The Home Depot: 2000-2007
• CEO of Chrysler: 2007-2009
• Chairman of Xerox: 2009-2012
• Advisor to Bain Capital: 2012-present

Nardelli began his career at General Electric in 1971. He held a number of positions at GE, including CEO of GE Power Systems and CEO of GE Capital.

In 2000, Nardelli was appointed CEO of The Home Depot. During his time at The Home Depot, Nardelli oversaw the company’s growth from $80 billion to $200 billion in sales.

In 2007, Nardelli was appointed CEO of Chrysler. Nardelli’s tenure at Chrysler was less successful than his tenure at The Home Depot. Chrysler filed for bankruptcy in 2009, and Nardelli was forced to resign.

In 2009, Nardelli was appointed Chairman of Xerox. Nardelli served as Chairman of Xerox until 2012.

Since 2012, Nardelli has served as an advisor to Bain Capital.

Bob Nardelli is a successful businessman who has a net worth of $160 million. He is best known for his tenure as CEO of The Home Depot. Nardelli’s career highlights include also include his time as CEO of Chrysler and Chairman of Xerox.

Controversies

Bob Nardelli’s tenure at The Home Depot was not without controversy. He was criticized for his lavish spending, his authoritarian management style, and his failure to improve the company’s stock price.

• Lush spending

Nardelli was criticized for his lavish spending on personal items, such as a $40,000 bathtub and a $15,000 rug. He also spent millions of dollars on renovations to his office, including a $100,000 chandelier and a $15,000 rug.

• Authoritarian management style

Nardelli was also criticized for his authoritarian management style. He was known for micromanaging his employees and for creating a hostile work environment.

• Failure to improve stock price

Nardelli’s biggest failure was his inability to improve The Home Depot’s stock price. During his tenure, the company’s stock price fell by more than 50%.

Lawsuits over his severance package from Chrysler

Nardelli also faced controversy over his severance package from Chrysler. He received a $21.6 million severance package, even though Chrysler was in bankruptcy at the time.

The severance package was criticized by many, including the United Auto Workers union. The UAW argued that Nardelli’s severance package was excessive, especially given that Chrysler was laying off thousands of workers.

The severance package also drew criticism from the Obama administration. President Obama called the package “obscene” and said that it was “an insult to the taxpayers who are footing the bill.”

Criticism of his tenure at Xerox

Nardelli’s tenure at Xerox has also been met with criticism. He has been accused of making the company too bureaucratic and of alienating its employees.

• Bureaucracy

Nardelli has been criticized for making Xerox too bureaucratic. He created a new management structure that many employees found to be confusing and inefficient.

• Alienation of employees

Nardelli has also been accused of alienating Xerox’s employees. He is known for being aloof and for not being approachable. Many employees feel that they do not have a voice at Xerox under Nardelli’s leadership.

Personal Life

Bob Nardelli is married to Susan Nardelli. They have two children together. The family lives in Greenwich, Connecticut.

Nardelli is a devout Catholic. He is a member of the Knights of Columbus and has served on the board of directors of Catholic Charities USA.

Nardelli is also a supporter of the Republican Party. He has donated money to Republican candidates and has served on the board of directors of the Republican National Committee.

Bob Nardelli is a controversial figure who has had a successful but controversial career in business. He has been praised for his turnaround skills but has also been criticized for his lavish spending, authoritarian management style, and failure to improve the stock price of the companies he has led.

Q: What is Bob Nardelli’s net worth?

**A: Bob Nardelli’s net worth is estimated to be $175 million.

Q: How did Bob Nardelli make his money?

**A: Bob Nardelli made his money through a variety of sources, including his salary as CEO of The Home Depot, his stock options, and his speaking fees.

Q: What is Bob Nardelli’s salary?

**A: Bob Nardelli’s salary as CEO of The Home Depot was $18.9 million.

Q: How many stock options did Bob Nardelli have?

**A: Bob Nardelli had over 10 million stock options in The Home Depot.

Q: How much did Bob Nardelli make from speaking fees?

**A: Bob Nardelli has made over $10 million from speaking fees.

Q: What is Bob Nardelli’s current job?

**A: Bob Nardelli is currently the CEO of XPO Logistics.

Q: What is Bob Nardelli’s education?

**A: Bob Nardelli graduated from the United States Military Academy at West Point with a degree in engineering.

Q: What is Bob Nardelli’s family life like?

**A: Bob Nardelli is married and has three children.

Q: What are Bob Nardelli’s hobbies?

**A: Bob Nardelli enjoys skiing, golf, and fishing.

Bob Nardelli is a former CEO of Home Depot and Chrysler. He has a net worth of $160 million. Nardelli is known for his aggressive leadership style and his ability to turn around struggling companies. He is also a controversial figure, with some critics accusing him of being too focused on profits and not enough on employees.

Nardelli’s net worth is largely due to his successful career in business. He started his career at GE, where he rose to the position of CEO. He then left GE to become the CEO of Home Depot. During his time at Home Depot, Nardelli oversaw a period of rapid growth and expansion. He also made several controversial decisions, such as closing stores and laying off employees.

In 2007, Nardelli left Home Depot to become the CEO of Chrysler. He was tasked with turning around the struggling automaker. Nardelli made several changes at Chrysler, including cutting costs and introducing new products. However, he was unable to turn around the company and was forced to resign in 2009.

Despite his controversial reputation, Nardelli is considered to be a successful businessman. He has a net worth of $160 million and has turned around several struggling companies. He is also a strong advocate for education and has donated millions of dollars to educational institutions.

Here are some key takeaways from the content:

• Bob Nardelli is a former CEO of Home Depot and Chrysler.
• He has a net worth of $160 million.
• Nardelli is known for his aggressive leadership style and his ability to turn around struggling companies.
• He is also a controversial figure, with some critics accusing him of being too focused on profits and not enough on employees.
• Nardelli’s net worth is largely due to his successful career in business.
• He is a strong advocate for education and has donated millions of dollars to educational institutions.