Now for the part that really hurts most Americans, and most annoys political conservatives: Every time a Nardelli-type in effect pillages a publicly held company, it provides more fodder for Democrats and liberals who perpetually seek to "tax the rich."
In "rich," of course, they usually include families with three kids and parents who are not multimillionaires, but who might make a combined $250,000 yearly. In fact, the new Democratic Congress may shove into higher tax brackets families earning far less than that.
Isn't it time for us to differentiate between the huge sums "earned" by the likes of Bob Nardelli, Oprah Winfrey and star professional athletes, and the far more numerous Americans who have worked their rear ends off earning professional degrees or otherwise training for jobs that allow them to attain their own American dream, but don't entitle them to fantasy wages?
The Home Depot's new leader is also a former GE man. He insists that he wants to hear from the public and his employees for advice on how to set things right at the home improvement giant.
Here's a thought: Start talking to flesh-and-blood human beings in the community that the company serves.
As I often note, public opinion really matters, in business as well as politics. But Nardelli left the impression that he could have cared less what anybody thought.
Oh, and by the way, here's a small request for the new Home Depot CEO. Could you leave a dollar on "my bridge" each time you cross it? I could use the cash.
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