The Home Depot, Inc. (NYSE:HD) surprised investors today when CEO Robert Nardelli announced his "mutually-agreed" resignation. The news comes after shareholders expressed concern with the company's lackluster performance and excessive executive compensation. Happiness over his resignation was quickly quelled, however, when investors discovered his $210 million golden parachute that came in addition to his already excessive $300 million in compensation during his tenure. The future also remains uncertain for shareholders, as the board and company plans remain intact. Leading the shareholder rebellion to institute real change is Relational Investors - an activist hedge fund that is now reportedly considering a proxy battle in order to institute change. Whether or not this takes place remains uncertain; however, the battle for shareholders is only beginning at the Home Depot.

View Nardelli's Compensation