New job for Nardelli

Robert Nardelli is the new chief executive officer at Chrysler, the American car maker. The loss-making company has been acquired by Cerberus, a private equity investor, that will only pay Nardelli appropriately if he succeeds in rescuing the company, according to an online New York Times report. Even if he fails in the attempt Nardelli should not get into financial difficulties: he received a generous exit package of $ 200 mio when he was forced to leave his job as CEO of Home Depot in January this year.