Lil’ River Grill
January 6, 2007 | Leave a Comment
Located on the square in historic Lawrenceville, Lil’ River Grill has jumped to the forefront of favorite resturants for my wife and I to enjoy a nice romantic dinner. The atmoshere, quality of service and especially the food are exceptional. The menu features, of course, steaks and seafood along with daily specialties. To complement each meal an extensive wine list is available.
The bar features live entertainment several nights weekly and always on Friday and Saturday evening. For a quieter setting an outdoor patio is available. Lil’ River Grill has received several awards from the “Best of Gwinnett” including Most Romantic, Best Happy Hour and Best Power Lunch.
Home Depot’s Nardelli Resigns
January 4, 2007 | Leave a Comment
Atlanta based The Home Depot chief Robert Nardelli resigned yesterday. The bigger news item was the size of the seperation package, $210,000,000. You read it right 210 million dollars. Are you kidding me? Charlie Gibson on the ABC Nightly News reported that during Nardelli’s tenure, while the bottom line profits increased, the overall stock price decreased by some 7.1%. This is in direct contrast to Home Depot’s primary competitor Lowe’s who’s stock value has increased over the same time period.
My main question would be, shouldn’t a CEO compensation or seperation package be tied to the stock performance of the company? Why would the board of directors approve such an outlandish package? Is one person worth this type of compensation? Let’s take a look at what this seperation package equates to:
- Home Depot, according to their website, has approximately 355,000 associates.
- Now assume that each associate works 40 hours per week and earns $15.00 per hour.
- This seperation package would pay 350,000 associates for a year.
- If the average associate earns $20.00 per hour then the package would pay 262,500 for a year.
Is one person that the public never meets worth this much more than say, 262,000 associates who are in contact with a companies customers every day? Maybe it’s time for a board of directors to realize who are actually the people promoting a companies good name and good will through good customer service.
The President and CEO of a major corporation should be compensated handsomely for their leadership and planning capabilities, perhaps just making the compensation performance based would prove to be a good idea.
Falcon’s Fire Mora
January 2, 2007 | 1 Comment
Arthur Blank, owner of the Atlanta Falcons, fired Jim Mora on Monday. Mr. Blank held true to his statement that an 8 and 8 season and not making the playoffs this year was unacceptable. The Falcons started the year at 5 wins and 2 losses only to finish at 7 and 9, even worse than last years 8 and 8 record.
Coach Mora’s statement on Seattle radio that his dream job would be coaching his alma mater, The University of Washington, did not sit well with management and may have been the final straw.
It seems as though there is not a large group of qualified canidates for the head coaching job with the Falcons. Rich McKay, president and general manager, may well be assigned his toughest job ever in finding the replacement.
So, what do you think? Who would be the best canidate? Will the Falcons ever be the powerhouse that their payroll should command?
