Would GE Have Been Better Off With Nardelli As CEO? (GE)(HD)
If you look at the GE and Home Depot charts since Jack Welch left, HD has actually outperformed GE by a bit. That is not taking into account dividends and GE’s Genworth spin-off, but the chart would show that during…
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If you look at the GE and Home Depot charts since Jack Welch left, HD has actually outperformed GE by a bit. That is not taking into account dividends and GE’s Genworth spin-off, but the chart would show that during most of that period from September 2001 onward, Home Depot was well ahead.
It raises an interesting question about Nardelli’s dismissal, since GE is still considered one of the best run companies in the world. Very few people like Nardelli, but, if he stayed at GE as the CEO, maybe that stock would have done a bit better. At least he would have been in his environment.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.