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.

20 Responses to Freedom Group Trends Up: Nardelli Out as CEO

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

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

  1. 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?

  2. 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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