Freedom Group Trends Up: Nardelli Out as CEO

After a grueling six months as Freedom Group’s CEO, Shiva the Company Destroyer Robert Nardelli is bailing on the Cerberus-owned conglomerate. Or they’re bailing on him. We’ll probably never know the whole story but Reuters reports that “Robert L. Nardelli and Freedom Group, Inc. (“FGI”), announced today that Nardelli has stepped down from his position as CEO of Freedom Group, effective immediately.” Nardelli will be pursuing other interests, namely his investment and advisory firm, XLR-8 LLC, and will “leverage my 41 years in a variety of businesses and sectors and my recent private investing and advisory experience with Cerberus and its affiliates.” And a helluva ride it’s been, Bob. Meanwhile, that sound you hear is the collective sigh of relief emanating from FGI company managers across the firearms industry. Sleep well, folks. The future looks a little brighter now.

comments

  1. avatar Matt in FL says:

    I wonder how big that parachute is.

    1. avatar H. Rearden says:

      It’s not the size that counts. It’s the “goldenness”.*

      *Or at least that’s what I tell the wife.

  2. avatar Chris says:

    I’ll do it… just pay me 1% of the total sales increases during my term as CEO.

  3. avatar Rob in Cali says:

    Any chance this could equate to Kevin at AAC getting his job back?

  4. avatar Commander J. Shepard says:

    I knew it! Cerberus! Working with the Reapers again!

    1. avatar Ryan says:

      I don’t think anyone else here will get that. I sprayed over the laptop.

    2. avatar Azman says:

      Excellent.

    3. avatar Azman says:

      That there is nice.

  5. avatar AZRon says:

    If he can screw up so much and still make a fortune, doesn’t that qualify him for a cabinet position in the current administration?

    1. avatar cmd says:

      I’m not sure it limits him to just this administration.

      1. avatar Jean says:

        Exactly. Douchebags inhabit all sides of the political aisle.

    2. avatar Totenglocke says:

      No, his actions were all 100% legal.

  6. avatar tdiinva says:

    Wait a minute does this mean that Fiat is getting into the firearms business?

    1. avatar AZRon says:

      “Fiat”.

      Fire It At Traitors?

      1. avatar bontai Joe says:

        Now that there is funny! I don’t care who you are.

      2. avatar greenmeanie says:

        When I was a kid FIAT meant Fix It Again Tony.

  7. avatar JR says:

    But he can’t leave yet! They haven’t gotten a bailout! Bob, come back!

  8. avatar Tom says:

    Another score for Minimum Bob.

  9. avatar GS650G says:

    Home Depot paid him buckets of gold to leave. Jack Welsh passed him over for Immelt as head of GE 10 years ago. He looked like a sock puppet in hearings on TV when Chrysler came begging for cash.

    Hey Bob, 41 years is long enough, hit the links and write your memoirs.

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