Freedom Group Trends Up: Nardelli Out as CEO

March 9, 2012

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.

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20 COMMENTS

Matt in FL March 9, 2012 At 14:29

I wonder how big that parachute is.
- H. Rearden March 9, 2012 At 14:39
  
  It’s not the size that counts. It’s the “goldenness”.*
  
  *Or at least that’s what I tell the wife.
Chris March 9, 2012 At 14:51

I’ll do it… just pay me 1% of the total sales increases during my term as CEO.
Rob in Cali March 9, 2012 At 14:58

Any chance this could equate to Kevin at AAC getting his job back?
Commander J. Shepard March 9, 2012 At 15:19

I knew it! Cerberus! Working with the Reapers again!
- Ryan March 9, 2012 At 17:04
  
  I don’t think anyone else here will get that. I sprayed over the laptop.
  - Gunuck March 9, 2012 At 19:19
    
    +1
- Azman March 9, 2012 At 20:17
  
  Excellent.
- Azman March 9, 2012 At 20:18
  
  That there is nice.
AZRon March 9, 2012 At 15:26

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?
- cmd March 9, 2012 At 15:35
  
  I’m not sure it limits him to just this administration.
  - Jean March 9, 2012 At 16:15
    
    Exactly. Douchebags inhabit all sides of the political aisle.
- Totenglocke March 10, 2012 At 06:03
  
  No, his actions were all 100% legal.
tdiinva March 9, 2012 At 15:27

Wait a minute does this mean that Fiat is getting into the firearms business?
- AZRon March 9, 2012 At 15:40
  
  “Fiat”.
  
  Fire It At Traitors?
  - bontai Joe March 9, 2012 At 15:56
    
    Now that there is funny! I don’t care who you are.
  - greenmeanie March 14, 2012 At 14:37
    
    When I was a kid FIAT meant Fix It Again Tony.
JR March 9, 2012 At 15:57

But he can’t leave yet! They haven’t gotten a bailout! Bob, come back!
Tom March 9, 2012 At 17:35

Another score for Minimum Bob.
GS650G March 10, 2012 At 12:37

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.