21 Aug, 2007 | by Richard Vinhais
The recent news of New York base Cerberus, a private equity firm, buying and 80.1 percent stake in Chrysler from Daimler Chrysler AG for $7.4 billion has been major news to say the least. Business enthusiasts and investors have been speculating tirelessly in recent weeks as to how effective former Home Depot CEO, Robert Nardelli, will really be. I figured I’d throw my humble opinion into the speculative arena as well.
Robert Nardelli, a product of GE during the Neutron Jack years, is mainly known as a methodical cost cutter during his six years while at Home Depot. He was credited for doubling sales and the number of store operations while expanding into Mexico and China as well as delivering more than 20 percent earnings-per-share growth for four consecutive years and more than quintupling its dividend to 90 cents a share. continue reading »
1 Aug, 2007 | by Richard Vinhais
I’ve always taken pride in personal and professional development. It’s something I’m very passionate about. Ever since I was a child, I’ve always set forth stretch goals to improve myself. I vividly recall practicing soccer in the back yard with my father, at a very young age. I remember at the end of each week I’d put together a mental checklist of things I needed to improve on in order to compete. It’s a trait I’ve carried with me over the years and I like to think it’s served me well.
Over the past few years, I’ve begun a new personal challenge which is geared towards giving back professionally via informal mentoring. I’ve had many mentors over the years, many of which I still communicate with on a regular basis. Words cannot express just how valuable those interactions have been and continue to be. continue reading »