Cramer's 'Mad Money' Recap: CEOs Who Should Go
Bausch & Lomb's (BOL Quote) CEO Ronald Zarrella "needs to be fired with all speed, if not terminated," Cramer said.
When this company had its contact lens-solution problem, "it seemed like the whole company went into hiding and had to be beaten to recall the stuff," he said. "Zarrella was uncommunicative and couldn't have done a worse job with handling a problem," Cramer said. "If Zarrella says he's going fishing, the stock could go from $46 to $55 -- he's that awful." Home Depot's(HD Quote) Robert Nardelli also made the list. Cramer called him "poison" and said Nardelli's "so hated that it's worth $5 [upside in the stock] the moment he leaves." No. 5 and the "single-worst CEO" on Cramer's CEO hall of shame list was Peter Dolan from Bristol-Myers (BMY Quote), shares of which Cramer has in his charitable trust, Action Alerts PLUS. "This guy can't stop getting his company into trouble," he said. Bristol-Myers is losing patent protection on its biggest drug, Plavix, five years early, Cramer said, calling Dolan a "value destroyer." He predicted the stock could go from $21 to $26 when the news comes over the tape that Dolan "wants to spend more time with his kids."Chocolate Craving
Now that market players just had a great week, they want what's hot, but we're in for three more months where "boring is king," Cramer said.- Loading Comments...
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