Cramer's 'Mad Money' Recap: CEOs Who Should Go

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Usually when a CEO leaves a company, that is bad news. But some CEOs are so bad, that if they leave "for family reasons," it would make their companies' stocks surge, Jim Cramer told viewers of his "Mad Money" TV show Thursday.

In a "CEO Hall of Shame" segment, Cramer named five CEOs whose departures would cause a spike in the stock of their companies.

The first CEO on the list was Dell's (DELL Quote) Kevin Rollins, who, according to Cramer "managed to turn a great company into an embarrassment."

Next up was 3M's (MMM Quote) George Buckley, who is in over his head, Cramer said.

Michael Cherkasky, the CEO of Marsh & McLennan (MMC Quote), was Cramer's third pick.

"Cherkasky doesn't even seem to know what his job is," Cramer said.

Cramer predicted Marsh & McLennan, currently trading at $25.71, would go to $32 if Cherkasky steps down.

"All he has to do is say his work is done," Cramer said.

Next, he named Avon (AVP Quote) CEO Andrea Jung as a bad CEO, and said she has "run the company straight into the ground."

Avon reported a "terrible quarter," despite its promise of selling cosmetics to the Chinese, Cramer said. The problem is that the company's Latin American business is not doing well. At $28 and change, the stock could jump to anywhere between $32 and $34 and go as high as $35 "on Jung's much-needed departure," Cramer said.