Out At Home Depot

In the end it came down to the headstrong CEO's refusal to accept even a symbolic reduction in his stock package. Home Depot Inc.'s (HD ) board of directors wanted their controversial chief executive, Robert L. Nardelli, to amend his whopping compensation deals for recent years. After he pulled down $38.1 million from his last yearly contract, angry investors were promising an ugly fight at the company's annual meeting in May. Nardelli agreed to give up a guarantee that he would continue to receive a minimum $3 million bonus each year. But that's as far as he would go. When board members asked him to more closely tie his future stock awards to shareholder gains, he refused, according to people familiar with the matter. Nardelli has complained for years that share price is the one measure of company performance that he can't control.

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A Hotelier's New Year's CRM Resolution

This reporter has always thought that the hospitality industry is a natural for CRM, especially after hearing the grisly stories of road warriors who end up standing at the front desk of hotels screaming. So it was highly refreshing to read in industry journal Hospitality Net that some people are starting to get it. .

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DaimlerChrysler signs MoU with Maharashtra for Chakan facility

Mumbai: The state government of Maharashtra and DaimlerChrysler India Private Limited have signed a memorandum of understanding (MoU) to set-up DaimlerChrysler's new manufacturing facility in the Chakan MIDC area in Pune. The plant will produce the Mercedes-Benz S-Class, E-Class and C-Class for the Indian market. (See: DaimlerChrysler to set up plant near Pune) V K Jairath, secretary (industries) government of Maharashtra and Dr. Wilfried Aulbur managing director and CEO, DaimlerChrysler India, signed the MoU. Those who attended the signing ceremony included Maharashtra chief minister Vilasrao Deshmukh and industries minister Ashok Chavan along with Dr Thomas Weber, member of board of management of DaimlerChrysler AG, who heads Group research and the Mercedes car group, Dr Bharat Balasubramanian, vice president, group research and advanced engineering electrical / electronics and IT, processes, and Dr Wilfried Aulbur.

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