Jan
13
2007
Thanks for Your Service Here is Your $218 Million Severance Package
EPS doubled under your leadership and sales increased from $45.7 billion to $81.5 billion but your job became more difficult when the housing market tanked. You expanded into Mexico and China, looking for new paths to growth.
Until 2002, the company didn't have a proper e-mail system. Management communicated via faxes to every store manager. There were hundreds of performance appraisal systems and no HR executive for your company of over 300,000 employees. You fixed all of that and eliminated hundreds of internal fiefdoms.
But still shareholders cried to get you out and screamed when you got your $218 Million Dollar Severance Package…read the rest of the story…
