Cramer's 'Mad Money' Recap: Three Must-Go CEOs

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"A few CEOs are so inept and so incompetent, you wonder if they are trying to sabotage their companies," Jim Cramer said on his "Mad Money" TV show Friday.

As an "equal opportunity critic of bad CEOs," Cramer believes that these stocks can only be owned if investors foresee these CEOs as on their way out.

Seven CEOs currently sit on Cramer's Wall of Shame. However, he said that three of the seven have recently "disgraced themselves even further."

While Cramer owns Citigroup (C Quote) for his Action Alerts PLUS charitable trust, Cramer has long been "spearheading" a campaign to have CEO Chuck Prince removed. He named Citigroup's management team as the worst he "has ever seen," partially due to misguided investments. Cramer said that "only their huge deposit base will save them."

Another CEO who did poorly this week was Vincent Sollitto of Syntax Brillian (BRLC Quote). His company's stock lost 35% of its value this week. Cramer believes that was due to underdelivering in its last earnings report and blaming its Asian partners for its problems.

Cramer also doesn't like how Sollitto said everything was great with Syntax when he appeared on "Mad Money."

The third self-disgracing CEO was Patricia Russo of Alcatel Lucent (ALU Quote). Cramer believes she carries a "remarkable" lack of vigor in her execution. There is no significant growth in revenue and the company's orders are shrinking. Under Russo's leadership, Alcatel is missing "the great telco sector boom" that it should be thriving in.