BamBam

After Home Depot's Nardelli, Who's Next To Go?

Yes, Chuck Prince is next.

But, I say it's not just because the stock has performed so poorly during his tenure.

It's because, through his arrogant comments in Barron's and his subsequent unimpressive investor presentations, Chuck Prince has clearly demonstrated that he understands nothing about shareholder value. Yes, market prices will fluctuate for reasons out of managements' control. But, a CEO who is totally indifferent to shareholder value is bad news under any market conditions.

The longer this man keeps his job, the more Citi's share price will diverge from its potential.

Let's hope that the Citigroup board of directors is paying attention to Home Depot.