On Aug 8, 9:16 am, "Dave Gordon" d@p wrote:
"Rod & Betty Jo" wrote in ... B A R R Y wrote:
Proctologically Violated©® wrote:
I spoke to some big-whigs at HD who implied fukn Nardelli left HD in
shambles.

The financial press pretty much made that clear.

Actually the stock price languished but gross sales and profits rose quite substantially, the
actually fiscal health of the company improved during his tenure....does one properly fiscally judge
a company by actual operations or investor exuberance (subject to change on a whim)?

As a consumer one might rightfully complain about service, employees or even his salary but
consumers kept buying and HD made more money under his leadership. Rod

You can always make a company look good in the short term by cutting back longterm projects like
research, and by cutting staff and forcing the rest to work stupid hours. Eventually the strain shows
and the company suffers from lack of new products and excessive key staff turnover. Nardelli's way is
to get out before that happens, trousering his performance bonus.





You can always make a company look good in the short term by cutting back longterm projects like
research, and by cutting staff and forcing the rest to work stupid hours. Eventually the strain shows
and the company suffers from lack of new products and excessive key staff turnover. Nardelli's way is
to get out before that happens, trousering his performance bonus.

Exactly....and that has been the MO of the GE Yes Men under Welch.

Ever track the performance of a company after these parasites move on
after raping them for R&D and gutting staff?

It takes years to rebuild them (if it happens at all)...it is always
easier to destroy than to create.

TMT

On Tue, 07 Aug 2007 16:06:07 -0700, Rod & Betty Jo wrote:

B A R R Y wrote:
Proctologically Violated©® wrote:
I spoke to some big-whigs at HD who implied fukn Nardelli left HD in
shambles.

The financial press pretty much made that clear.

Actually the stock price languished but gross sales and profits rose quite
substantially, the actually fiscal health of the company improved during his
tenure....does one properly fiscally judge a company by actual operations or
investor exuberance (subject to change on a whim)?

As a consumer one might rightfully complain about service, employees or
even his salary but consumers kept buying and HD made more money under his
leadership. Rod

HD didn't make more money from retail. His "leadership" lead to the
increasing competitiveness of Lowe's in geographical areas where HD
originally had a complete lock-in on retail sales. HD stock peaked about
the middle of 2004 and hasn't really gone anywhere since - actually a
slight downward trend is present. So cosumers probably quit buying in the
raw numbers that HD once saw. Their costumer support became characterized
by willing (well sometimes) but ignorant lots who specialized in blank
looks and ignorance.

RIDGID, BTW, is generally associated with HD, but talking to their support
leads to the conclusion that they wish they weren't. I need ed a new set
if knives for my 13-inch plainer and ultimately had to go through a phone
call to RIDGID support because the new numb-nuts approach to special orders
and support at HD resulted in nothing but exclamations of ignorance. I
would not be surprised to see RIDGID looking for some new distribution
channels if HD stays the present course.

J

On Wed, 08 Aug 2007 07:37:15 -0400, B A R R Y wrote:

Rod & Betty Jo wrote:


You still have not presented anything other than his well known low stock
price appreciation.....Doubling sales and a more than doubling of profits
and a healthy profit retail profit percentage is not by any rational
definition a poorly run company......

Vs. Lowes...

Apples to apples:

http://www.thestreet.com/_mktwrm/s/reminder-nardelli-blew-it-at-home-depot/newsanalysis/maven/10372528.html?cm_ven=CBSM&cm_cat=FREE&cm_ite=NA

One interesting point that appears in the article, but isn't commented on,
is the name of the new owners of Chrysler - "Cerberus Capital Management".
Cerberus is the three-headed dog that guards the gate to Hell in Greek
myth. Could this be a clue as to where Chrysler is bound?

J

B A R R Y wrote:
Vs. Lowes...

Apples to apples:

http://www.thestreet.com/_mktwrm/s/r...FREE&cm_ite=NA

That article didn't actually say anything new either,..... nor did it paint
a accurate picture. In general to compare Lowes to HD you need operation
numbers, my bone of contention in this thread is not share appreciation but
rather actual company operation results....just comparing share price
appreciation means little. Lowes was or is much smaller, has many more
opportunities to move into unsaturated markets....in fact because it is so
much smaller it is much easier to both raise sales and share price. Ever
notice how often relatively "new" smaller companies will greatly exceed old
or established companies on both share appreciation and sales growth? It
does bear noting that they as well inevitably will stall and/or the share
price will plummet.....inevitably the market will correct for its oft ill
concieved exuberance. Rod

Dave Gordon wrote:
You can always make a company look good in the short term by cutting
back longterm projects like research, and by cutting staff and
forcing the rest to work stupid hours. Eventually the strain shows
and the company suffers from lack of new products and excessive key
staff turnover. Nardelli's way is to get out before that happens,
trousering his performance bonus.

Has happened in business many times and will again however it does not apply
to Nardelli....at all....... He had a very long, well respected career with
GE

http://www.msnbc.msn.com/id/20150129/
Welch said GE's power systems business was losing money and had trouble with
unions before Nardelli took over and invested in products, cut costs and
improved labor relations. Nardelli created joint ventures around Europe and
efficient, environmentally sensitive power products at a time when the
market demanded them, making power one of GE's most important businesses,
Welch said. "He's a global thinker," Welch said. "He delivers."

He as well in no way business wise slashed and burned HD.....sales more than
doubled and profits increased even more. He left a very healthy company that
we all love to hate....Incidentally retail operations are not well known for
heavy long term research nor particularly developing new products. Nardelli
did not receive a so called performance bonus either, remember the stock
price languished, but rather the board offered a high salary to originally
entice him and a high severance package to get rid of him...their choices
not his. In fact if he had indeed done what you imply to whatever degree one
can in a retail operation his stock price would have assuredly increased and
the "business press" would be calling him a savior instead of a goat...they
often do not respect anything other than short term share price
appreciation.....at any cost. Ever notice how the market rewards companies
that simply announce a massive layoff or have significant downsizing?
Appropriately I think it should do just the opposite....Rod

John wrote:
One interesting point that appears in the article, but isn't commented on,
is the name of the new owners of Chrysler - "Cerberus Capital Management".
Cerberus is the three-headed dog that guards the gate to Hell in Greek
myth. Could this be a clue as to where Chrysler is bound?

J
I would'nt think the outside of the gate would need guarding. :-)
...lew...

On Aug 8, 2:41 pm, John wrote:
On Tue, 07 Aug 2007 16:06:07 -0700, Rod & Betty Jo wrote:

B A R R Y wrote:
Proctologically Violated©® wrote:
I spoke to some big-whigs at HD who implied fukn Nardelli left HD in
shambles.

The financial press pretty much made that clear.

Actually the stock price languished but gross sales and profits rose quite
substantially, the actually fiscal health of the company improved during his
tenure....does one properly fiscally judge a company by actual operations or
investor exuberance (subject to change on a whim)?

As a consumer one might rightfully complain about service, employees or
even his salary but consumers kept buying and HD made more money under his
leadership. Rod

HD didn't make more money from retail. His "leadership" lead to the
increasing competitiveness of Lowe's in geographical areas where HD
originally had a complete lock-in on retail sales. HD stock peaked about
the middle of 2004 and hasn't really gone anywhere since - actually a
slight downward trend is present. So cosumers probably quit buying in the
raw numbers that HD once saw. Their costumer support became characterized
by willing (well sometimes) but ignorant lots who specialized in blank
looks and ignorance.

RIDGID, BTW, is generally associated with HD, but talking to their support
leads to the conclusion that they wish they weren't. I need ed a new set
if knives for my 13-inch plainer and ultimately had to go through a phone
call to RIDGID support because the new numb-nuts approach to special orders
and support at HD resulted in nothing but exclamations of ignorance. I
would not be surprised to see RIDGID looking for some new distribution
channels if HD stays the present course.

J



Their costumer support became characterized
by willing (well sometimes) but ignorant lots who specialized in blank
looks and ignorance.


You forgot to mention that the new help cost much less....much, much
less.

That has to happen to make up for the CEO bonus.....that money doesn't
come from thin air.

If anyone wants to impress me with the so called Welch magic they
first need to hold the CEO to the same standard that the employees are
held to. If you want to hire the rank and file employees for minimum
wage, I will expect the CEO to work for the same type of wages.

TMT

Subject

Chrysler deserves the screwing they are going to get.

Nardelli's idea of long range planning is, "What's for lunch?"

Strictly a "slash and burn" approach.

You notice GE didn't pick him to replace Welch.

Lew

On Aug 8, 6:40 pm, "Lew Hodgett" wrote:
Subject

Chrysler deserves the screwing they are going to get.

Nardelli's idea of long range planning is, "What's for lunch?"

Strictly a "slash and burn" approach.

You notice GE didn't pick him to replace Welch.

Lew

Nor has GE recovered from the Welch Effect.

Nor has Jack since his exwife showed him who the real boss is.

TMT

"Too_Many_Tools" wrote

Nor has GE recovered from the Welch Effect.


GE today is worth about 2/3 of what it was when Welch left and that has only
happened in the last quarter.

Prior to that it was lucky to be worth 1/2 for the lat 5 years.

Lew

On Wed, 8 Aug 2007 15:16:24 +0100, "Dave Gordon" d@p wrote:

"Rod & Betty Jo" wrote in message ...
B A R R Y wrote:
Proctologically Violated©® wrote:
I spoke to some big-whigs at HD who implied fukn Nardelli left HD in
shambles.

The financial press pretty much made that clear.

Actually the stock price languished but gross sales and profits rose quite substantially, the
actually fiscal health of the company improved during his tenure....does one properly fiscally judge
a company by actual operations or investor exuberance (subject to change on a whim)?

As a consumer one might rightfully complain about service, employees or even his salary but
consumers kept buying and HD made more money under his leadership. Rod
You can always make a company look good in the short term by cutting back longterm projects like
research, and by cutting staff and forcing the rest to work stupid hours. Eventually the strain shows
and the company suffers from lack of new products and excessive key staff turnover. Nardelli's way is
to get out before that happens, trousering his performance bonus.


I've been told that when Lowes opens a new store they shop HD for
employees and hire away the best paying them better and reasonable
conditions. I have sure seen this in a number of areas. Just visit and
compare the two and you will see this is true. I still shop HD at
times but just because of a price.

On Wed, 08 Aug 2007 19:51:44 -0000, John
wrote:

On Wed, 08 Aug 2007 07:37:15 -0400, B A R R Y wrote:

Rod & Betty Jo wrote:


You still have not presented anything other than his well known low stock
price appreciation.....Doubling sales and a more than doubling of profits
and a healthy profit retail profit percentage is not by any rational
definition a poorly run company......

Vs. Lowes...

Apples to apples:

http://www.thestreet.com/_mktwrm/s/reminder-nardelli-blew-it-at-home-depot/newsanalysis/maven/10372528.html?cm_ven=CBSM&cm_cat=FREE&cm_ite=NA

One interesting point that appears in the article, but isn't commented on,
is the name of the new owners of Chrysler - "Cerberus Capital Management".
Cerberus is the three-headed dog that guards the gate to Hell in Greek
myth. Could this be a clue as to where Chrysler is bound?

J
=========================
Cerberus is out to make money for its investors, lots of money
and in a short time.

This does not mean that Cerberus is immoral or criminal, just
that its interests and those of Chrysler's employees and other
stake holders such as the supplier, host communities, and the
general public are diverging at a rapid and accelerating rate.

Now that Chrysler has been take private, and the need to maintain
and as possible increase the fictitious stock price and deal with
naive investors has been removed, it is likely that Nardeli will
be exactly what is required to maximize the discounted cash flow
and IRR for Cerberus. The continued existence of Chrysler as a
corporation may or may not maximize these returns.

From the point of view of persons not employed by Chrysler nor
its suppliers, the danger is the cascade of credit problems based
on derivatives such as "credit swaps," (even if you have never
owned a single share of chrysler stock or a single bond) and the
transfer of a significant portion of Chrysler's retirement
obligations for both income and medical care first to the
remaining solvent companies and then to the general tax payers
through the PBGC and Medicare. The retirees will simply lose the
rest.

IMNSHO Chrysler is now doomed to "crash and burn." The only
question is how much collateral damage will be inflicted by this
train wreck.

Mark & Juanita wrote:

Lew Hodgett wrote:

Subject

Chrysler deserves the screwing they are going to get.


Chrysler shareholders are the ones most likely to get screwed under a
Nardelli watch. (Saying this as a 7+ year HD shareholder still waiting
for it to recover to breakeven from its price 7 years ago).


My bad, I temporarily forgot that Chrysler has been taken private.




--
If you're going to be dumb, you better be tough

"Mark & Juanita" wrote:

Yep, and ol' Jack wasn't exactly a "kumbayah" kind of guy himself. (Any
company, that as a matter of policy believes it should have 5% of its
workforce rated as "unsat" and headed for layoff isn't exactly a "people"
place.

Thought it was 10%.

Lew

John wrote:
I
would not be surprised to see RIDGID looking for some new distribution
channels if HD stays the present course.

It's a bummer that RIGID tools are orange. It would be a lot easier to
shake the association without the orange.

On Wed, 8 Aug 2007 19:43:41 -0700, Lew Hodgett wrote:

"Too_Many_Tools" wrote

Nor has GE recovered from the Welch Effect.

GE today is worth about 2/3 of what it was when Welch left and that has only
happened in the last quarter.
Prior to that it was lucky to be worth 1/2 for the lat 5 years.

TMT doesn't let facts get in their way. GE stock was strong, then 9/11
happened, went into a slump for a while, and is now doing very well. At
40 now, I don't think it went below 28 or so though, so 3/4 rather than
half, yes.

Dave "got a bit of it...and a few years there" Hinz

On Aug 9, 10:08 pm, Dave Hinz wrote:
On Wed, 8 Aug 2007 19:43:41 -0700, Lew Hodgett wrote:

"Too_Many_Tools" wrote

Nor has GE recovered from the Welch Effect.

GE today is worth about 2/3 of what it was when Welch left and that has only
happened in the last quarter.
Prior to that it was lucky to be worth 1/2 for the lat 5 years.

TMT doesn't let facts get in their way. GE stock was strong, then 9/11
happened, went into a slump for a while, and is now doing very well. At
40 now, I don't think it went below 28 or so though, so 3/4 rather than
half, yes.

Dave "got a bit of it...and a few years there" Hinz

Yeah Dave is never biased...LOL.

Did you notice Dave what happened to Jack at home when he tried to act
like he did in GE...he had his butt handed to him.

GE is a shadow of what it was because of Jack "The Joke" Welch.

Any idiot can rape and pillage a company that took decades to
build....such as Home Depot.

TMT

"Dave Hinz" wrote:
TMT doesn't let facts get in their way. GE stock was strong, then 9/11
happened, went into a slump for a while, and is now doing very well. At
40 now, I don't think it went below 28 or so though, so 3/4 rather than
half, yes.

Actually it got down to the 20-22 range for a while.

Lew

On Thu, 9 Aug 2007 22:47:17 -0700, Lew Hodgett wrote:

"Dave Hinz" wrote:
TMT doesn't let facts get in their way. GE stock was strong, then 9/11
happened, went into a slump for a while, and is now doing very well. At
40 now, I don't think it went below 28 or so though, so 3/4 rather than
half, yes.

Actually it got down to the 20-22 range for a while.

Hmm. would you look at that. It's also worth noting that I left GE in
2002, came back in 2006. Which corresponds with the dip in stock price.
Perhaps I should graph that out before my next performance review...

On Aug 10, 7:35 pm, Dave Hinz wrote:
On Thu, 9 Aug 2007 22:47:17 -0700, Lew Hodgett wrote:

"Dave Hinz" wrote:
TMT doesn't let facts get in their way. GE stock was strong, then 9/11
happened, went into a slump for a while, and is now doing very well. At
40 now, I don't think it went below 28 or so though, so 3/4 rather than
half, yes.

Actually it got down to the 20-22 range for a while.

Hmm. would you look at that. It's also worth noting that I left GE in
2002, came back in 2006. Which corresponds with the dip in stock price.
Perhaps I should graph that out before my next performance review...

A company man, are we?

Naturally you would not be biased.,,LOL.

And for the stock dip to occur when you rejoined GE...couldn't that be
a reason to rate you in the bottom 5%? I have seen more outrageous
reasons used.

See...I know how to do performance reviews too....and use them to get
rid of employees I don't like.

The Welch Way sucks....and long term it guts a company of its
experienced people.

TMT

"Mike Marlow" wrote in message
...

"Kate" wrote in message
...


*I hate to say this, but I wish it DID have keyless entry and power
windows.
I damn near ran off the road once while rolling down the passenger window,
nearly spilled my latte and smeared mascara all over my face. Not to
mention, when I corrected I dropped my cell phone on the passenger floor
and
had to reach for it!


Shoulda just told the kid to jump down there and get it. Oh - you're one of
those moms who won't tell their kids anything, huh?

--

-Mike-


Ohhh.. you can trust me on this one Mike, when this mom talks, they listen,
or else.
My kids are all grown and they STILL pay attention, I'm teaching the next
generation now. My 4 year old grandson.


--
Kate
______
/l ,[____],
l-L -OlllllllO-
()_)-()_)--)_)

The shortest distance between two points,
can be a lot more fun in a Jeep!