Bob Nardelli

[laughs] We all know how that turned out.

And then the other candidate, Bob Nardelli, who Ken Langone, again, being on the GE board here, knows well and loves.

He loves Bob.

So immediately after the succession news comes out at GE, Ken calls up Nardelli and pulls out the same line that he used on Bernie 20 years earlier.

"You've just been hit in the ass with a golden horseshoe." [laughs]

[laughs] Guess where you get to go work now?

Guess what we are gonna do together now that you didn't get the GE CEO job? I'm gonna bring you into Home Depot.

So the board immediately pivots and offers Nardelli the president and COO job and says, "You'll come in, you'll be here for a little while.

Okay.

So when Bob Nardelli went into home Depot, right, he came out of, I think it was aircraft engines at GE and he messed it up.

Right.

And bright guy, tremendous amount of success to that point in his career, but he didn't know how to run a retailer.