Analyst Keith Hughes Discusses Nardelli’s Departure – Part 1 (12:52)
January 3, 2007—Keith Hughes, director in Equity Research, SunTrust-Robinson Humphrey, in the first part of a three-part series, discusses the departure of Bob Nardelli from Home Depot, the events leading up to the departure, the pressure applied by shareholders over the company’s share prices and the how the shares have fared during Nardelli’s tenure. Hughes also talks about the company’s recently announced stock buyback program, which appears to be a pivotal issued in Nardelli’s departure.