Categories: OLD Media Moves

Biz media forget about Nardelli's problems at Home Depot

TheStreet.com’s Marek Fuchs writes that the coverage being bestowed upon new Chrysler CEO Robert Nardelli seems to be using revisionist history about his time as Home Depot’s CEO.

Fuchs wrote, “So how did the business media cover his appointment to lead Cerberus Capital Management’s Chrysler, one that many will be watching to gauge the ultimate fate of the troubled American auto industry? Well, to forgive these following sins, I’m going to need a spiritual implant.

“Forbes referred to Nardelli’s leading Home Depot through ‘a period of explosive growth, including expansion in Mexico and China.’

“Through a period of explosions, shareholders and store customers would probably accept as more accurate. But in this article, which was called somewhat prematurely Nardelli Makes Comeback With Chrysler (he has comeback in terms of resume filler, but if he runs Chrysler into a ditch like he did Home Depot, it won’t quite qualify as one), there is no mention of Home Depot’s stock price, store troubles or inability to capitalize on a boom every Lowe’s and their brother did.”

Read more here for other examples of bad coverage.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

Recent Posts

CoinDesk journalists concerned about owner interference

Leo Schwartz of Fortune examines cryptocurrency news operation CoinDesk under its new owners, which forced editors…

4 hours ago

Western, formerly with WSJ, joins NY Times in Soeul

New York Times international editor Phil Pan sent out the following on Wednesday: We’re excited…

4 hours ago

NY Times names Karaian deputy biz editor

New York Times business editor Ellen Pollock sent out the following on Wednesday: I’m thrilled to announce…

4 hours ago

FT seeks a trade and climate correspondent

The Financial Times is looking for a correspondent to cover international trade, based in Washington,…

7 hours ago

Why hedge fund managers are hesitant to talk with reporters

Nell Mackenzie, a hedge fund reporter at Reuters, spoke on the "Hedge Fund Huddle" podcast…

11 hours ago

Fortune jumps to No. 8 biz news website in November

Fortune magazine jumped two spots to become the No. 8 business news website in November…

11 hours ago