Joe has been with Home Depot 17 years. Joe is noted as stating to a regional manager with multiple colleges degrees and extensive academic accomplishments that they should go get a refund from the colleges attended because he was able to accomplish great things without so much as a community college credit. Joe McFarland’s abject detestation for all things “smart” is clear with one of his first tasks as Divisional President …to give the green light to his “boys”…the RVP’s that he is close with to “clean house”. This was lead by Joe McFarland’s critical focus on Kim Sentovich / Pac South RVP. This critical focus lead quickly to her replacement soon after Joe became Western Divisional President.
Ms. Sentovich’s accomplishment are extensive
http://www.girlsinc-oc.org/about/board.jsp#kimberly_sentovich
http://www.zoominfo.com/people/Sentovich_Kimberly_684288261.aspx
and it is shocking with the complexities of running a region and division that she is completely overlooked for the division position for Joe and his abject ignorance and complete lack of intellectual curiosity. Experience outside of Home Depot: NONE!
http://corporate.homedepot.com/wps/portal/Leadership/McFarland
It is shocking that in this day of infinite complexities this individual whose resume would not qualify him for a low level management position in a 100 person company.....but he runs 1/3 of the operation of a $70 billion dollar company. Joe’s accession through the ranks begs the question why and how? Made Store Manager in 5 years?! Made District Manager in 4 years?!?! Made RVP in 3 Years?!?! Made Divisional President in 3 years?!?! All this without a single insight into a simple supply and demand model, not scintilla of education on world politics, not a shred of training on how business is run…outside of home depot. This is a person that brings to the table zero experience or education outside of home depot and has a overt expressed disgust for ANY form of education and experience. If a company is gauged by the value of its management …then sell your Home Depot stock fast!!
“Every fool finds a greater one to admire them.” -Bioleau
The ability of Home Depot to con the general public and investment community is epic. Every wall street analyst shops at a Home Depot and know that service sucks. Most analysts have exceptional academic backgrounds and a wealth of experience. They will look at people like this and say “Sure …this guy is qualified to run a $23 Billion Dollar company (1/3 of Home Depot)”. NEGATIVE.
It’s simple cronyism and a text book example of it. Cronyism was the demise of the auto industry and many other industries and it is strangling the life out of Home Depot.
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This was written in 2010. Check the stock valuation between when this was written and now. The author should ask for a refund from their college.
ReplyDeleteHD stock on May 21st, 2010, $33.02. HD stock October 1st, 2015, $117.02..... Any questions?
ReplyDeleteHD stock on May 21st, 2010, $33.02. HD stock October 1st, 2015, $117.02..... Any questions?
ReplyDeleteClearly this author is jealous and doesn't believe in hard work. Having worked with joe and for joe the reasons he has had such success are very clear. He is a leader, leadership requires no degree. Leadership is something some people have and some don't. This author is a simple jealous clown.
ReplyDelete