Mad Money Spotlight: Cramer Down on Kodak

Here's one picture that Eastman Kodak(EK Quote) wishes wasn't taken: The company's CEO has been added to Jim Cramer's Wall of Shame.

Jim Cramer took a call from a "Mad Money" viewer on Wednesday, who berated the camera company's CEO Antonio Perez, saying that in his six years he has destroyed the brand. There is, of course, some merit behind the viewer's heated rant.

While the company has tried everything from developing new products to moving into the printer business, there's no A for effort when it comes to buying stock -- and the company's financial record, to put it plainly, is just not good.

Last month Kodak said it tripled its loss in the first quarter and eliminated its 25 cent semiannual dividend. Kodak has been awarding investors a semiannual dividend for over a century.

The move comes on top of the elimination of anywhere from 3,550 to 4,500 jobs, paring down executives salaries and requiring employees to a take a one-week furlough.

Kodak recorded a loss of $353 million, or $1.32 a share, from a loss $115 million, or 40 cents, in the year-ago quarter.

Excluding restructuring and other one-time items, the company saw a loss of 95 cents a share. Analysts were expecting a loss of 33 cents.