"Home Depot almost completely died in 2006-2007." Acquired's @​djrosent and @​gilbert explain how a CEO's obsession with efficiency nearly destroyed the company. "They had brought in a new CEO in 2000 who was good the first few years, but then was just absolutely the wrong person for the job." "The culture got kind of messed up. The whole value proposition to customers became less clear, and they really tried to focus on Six Sigma." "They said, 'We're going to be as efficient as possible. We're going to have as few employees on the floor as we can. We're not going to hire expensive, specialized employees. We're going to try to get more general retail staff.'" "Frank Blake, who became CEO in January 2007, is credited with saving the company. If you ask Ken Langone, he'd say @​FrankBlake absolutely saved the company." ▻