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Bob Nardelli

Founder of XLR-8, XLR-8

Search every verified Bob Nardelli interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Bob Nardelli, former CEO of Home Depot and Chrysler, appeared on the More Money Show in July 2026 to discuss the U.S. economy, competition with China, and the role of artificial intelligence in business. He said the American economy is resilient and that U.S. companies are outperforming China, citing strong corporate earnings and adaptability despite supply chain challenges. Nardelli described his involvement with companies using AI, noting that one firm he chairs in Dallas deployed 15 or 16 "well-bounded" AI agents and achieved $13 to $15 million in savings within four weeks of development. He also expressed support for onshoring and nearshoring manufacturing, stating he is encouraged by the current administration's efforts and is working with the Department of War on repatriation initiatives. In a separate appearance on the podcast Across the Miles with Gordy Taylor, recorded in 2011, Nardelli reflected on his early career and leadership experiences. He discussed starting at General Electric in 1971 after graduating during a tough job market, and he described the challenges of cost-cutting at Chrysler, including furloughing approximately 35,000 employees, which he called "gut-wrenching." He also credited collegiate team sports as a foundation for his career, emphasizing lessons about teamwork and reliance on others.

Recent appearances

Notable quotes

“We took $5 billion of cost out. We had to unfortunately furlough about 35,000 families. I say families because you have to think about the family, not the individual. It is gut-wrenching. We had to furlough 5,000 people the Wednesday before Thanksgiving to try and conserve cash to get through the end of the year so that the administration could give us funding to keep the doors open.”

“I'm really encouraged with this administration for onshoring or nearshoring. Those are two different things, but we're back there, you know, we have wartime stability here in our manufacturing capabilities. I'm working on that with the with the Department of War in some cases, and it's really exciting to see the repatriation that's going on today in our country, Steve.”

“I never had an offshoring strategy, but I had to compete globally when I was running GE Power Systems, now GE Vernova. And so, we didn't do that, but now I'm really encouraged with this administration for onshoring or nearshoring. Those are two different things, but we're back there, you know, we have wartime stability here in our manufacturing capabilities.”

“I was hoping no tax on tips, no tax on overtime, no tax on capital gains when you sell. That big beautiful bill. We we missed one one more item I think Steve and that was that. And then you know some states I think like California there's a house arrest tax where on top of the capital gain you know depending on how you sell it there's a percentage that goes to the state for for for unemployed and homeless. So again, ”

“I think the number you and I talked about was like $46 billion online between Black Friday and Cyber Monday. So, there's no question uh people are out there spending. And and the key to this is going to be, you know, we got to see what happens at the turn of the clock here, January, February, whether they've loaded up on their credit cards and, you know, extended themselves a little bit. I hope not.”

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