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

Aon, which was the least hit by Spitzer, has been "gobbling up domestic business and buying back stock," Cramer said. But the company missed its quarter by a nickel and its international business has fallen, he said.

Although it was able to bounce from Spitzer's wrath, it then went backwards and has become a House of Pain, he said.

Spitzer knocked Marsh & McLennan down almost for good, but then the company replaced its CEO and avoided a disaster, he said. However, it's time for them to find yet a new CEO, Cramer said.

Marsh & McLennan's last conference call was "the single worst call of the quarter" he said. "The company missed the quarter by a mile."

Not only did the company not provide any guidance, but its new CEO is ignorant about his own business, Cramer said.

MMC is a "SellSellSell," Cramer said.

AIG, on the other hand, is a company that is back on its feet and undervalued, Cramer said.

It reported a "tremendous" quarter and has had a good rebound in all of its services, he said.

"AIG is so back, it's amazing," Cramer said. "I honestly can't believe the strength of this comeback."

Insurance is hot and cheap, and AIG is the best of breed in this space, he said.

Trading on Ameritrade

Cramer asked his guest, CEO Joseph Moglia of TD Ameritrade (AMTD Quote), how business is going.

"Good," said Moglia. "We just released July numbers, and there was a seasonal drop off." Moglia said that the retail investor is a "lagging indicator of what's going on."

"When the market starts to pick up and do well, you start to see more involvement," he said.

When Cramer pointed out that Ameritrade bottomed when everyone was panicking in July, Moglia said the company had just announced results from the June quarter, which was a record quarter.

"We expect to have a record fourth year in a row, and we've increased guidance for 2007," Moglia said. "We believe in our own story, and it makes sense for us to buy back our own stock."

"This stock is an accurate predictor of what's going to happen," Cramer said. "Trading is going to come back big."

To view Cramer's interview with Joe Moglia, please click here.

Lightning Round

Cramer was bullish on Becton Dickinson (BDX Quote), Dean Foods (DF Quote), Nuance Communications (NUAN Quote), Valero (VLO Quote), Consol Energy (CNX Quote), China Life Insurance (LFC Quote), Dow Chemical (DOW Quote), Cisco (CSCO Quote), Sunrise Senior Living (SRZ Quote), Jack in the Box (JBX Quote), Sonic (SONC Quote), Intel (INTC Quote), Ford (F Quote) and Altria (MO Quote).

Cramer was bearish on Abraxis Bioscience (ABBI Quote), Sirius Satellite Radio (SIRI Quote), Delek US Holdings (DK Quote) and Ciena (CIEN Quote).

In the "Sudden Death" round, Cramer was bullish on Qualcomm (QCOM Quote) and Apple (APPL Quote).

He was bearish on Brightpoint (CELL Quote) and Weyerhaeuser (WY Quote).

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

For more of Cramer's insights during the Lightning Round, click here.

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