Mad Money Recap
Cramer's 'Mad Money' Recap: Backed Up Against a Wall of Shame
09/28/07 - 08:09 PM EDT
Click here for an archive of Cramer's "Mad Money" recaps.
"It is time to pay a visit to my Wall of Shame for CEOs that are so bad their very presence could bring down a company's stock," Jim Cramer told viewers on his "Mad Money" TV show Friday. "If they just vanished, leaving no one at the helm, their stock could go higher." He placed Alcatel Lucent's ALU Chief Executive Patricia Russo at the top of his list. After issuing its third profit miss of the year, the company recently had a meeting at which Alcatel's directors asked Russo to come up with an emergency plan to salvage its financial performance, Cramer said. The Financial Times has reported the deadline for Russo to come up with this restructuring plan is one month, he said. But if Russo leaves, Cramer believes Alcatel would be better off. The second slot on the CEO Wall of Shame list, he said, goes to Marsh & McLennan's MMC Michael Cherkasky.
The management at MMC is "in complete and utter disarray," Cramer said, and the turnaround CEO Cherkasky keeps promising keeps taking longer than expected. There are two ways MMC could go higher, he continued. Either Cherkasky could leave or he could announce the breakup of the three different divisions that make up MMC.
In discounting an analyst downgrade, Cramer says people will be donning their Under Armour gear when the weather cools.
The equipment maker is attractively valued and should get a bump on a rebound in oil.
The restaurant chain has been buying back a ton of stock and has paid a dividend since 1970.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
Keep on top of the market and the critical information you need to make more profitable investing decisions.
Sponsored by:




