Bob Nardelli, former CEO of Home Depot (NYSE:HD), has been offered a new job at the private equity fund Cerberus Capital even after his questionable tenure at the Home Depot. While the CEO's reputation in the public sector may be forever tarnished, there are apparently many opportunities in the private equity world for experienced managers. Many private equity firms are looking for seasoned managers to run companies in their portfolios, seemingly regardless of their history. Bob Nardelli was ousted from Home Depot late last year after investors balked at his refusal to address their concerns about underperformance, extensive golden parachute and compensation while investors were losing millions, and his inability to effectively deal with the press. Given the secrecy and deep pockets of private equity, perhaps this is where future high-calibur CEOs will be drawn, which will likely end up increasing the amounts that public companies will be forced to pay to keep talent onboard. An interesting development, indeed...