Can he swing a hammer?

Today, it was announced, Home Depot CEO Bob Nardelli resigned. He gets to leave a the company with a $210 million severance package.

What took the board so long to do this? It was pretty obvious that from the beginning of Bob's tenure he was out of touch with his customers. If you have walked in your customers shoes, you are better prepared to provide them what they need. Not sure many customers walk into any Home Depot store in wing tips. This was no more evident than in training videos shown to new employees in 2003. The orignal founders and co-CEO's along with Bob were featured in the video discussing the history and mission of Home Depot. There were the original founders dressed for work - blue jeans and work shirt with the signature orange apron. How was Bob dressed? In his work clothes - blue blazer with brass buttons and button down oxford shirt.

Seth Godin says today in "Do you want to be like Bob?"

"My best advice is that if you can get a severance package like that, you should go ahead and get fired. Failing that, though, I'm at a loss to figure out why you would deliberately ruin a pretty decent brand by aggressively annoying all your constituents."

I guess now that Bob is leaving he can use the $210M for some pretty nifty DIY projects.

Do we call it a "golden parachute" or a "golden hammer" in his case?

FWIW