Cramer's 'Mad Money' Recap: In Praise of CEOs (Final)

Signs of a Turnaround

Cramer spoke with Richard Kinder, chairman and CEO of Kinder Morgan Energy Partners (KMP), which has enjoyed a 64% return since Cramer first recommended it in April of 2007. During the same period, he noted, the S&P 500 fell 21%.

Kinder said his company had a good quarter, with all of its products holding up very well in this difficult environment. He said Kinder Morgan is seeing the beginning of a turnaround in airline fuels and hope the trend continues.

Kinder also said his job is to produce cash and distribute it to his shareholders. That's why he's excited about a new project to build a 240-mile pipeline through Ohio, to connect the company's existing pipeline to the Marcellus shale region in Pennsylvania.

When asked about whether Kinder Morgan would take the utility side of its business public and compete with the existing master limited partnership, Kinder said the company has no made a decision, but if it were to happen, the new entity would be a corporation, and would not compete with the existing MLP.

Finally, Kinder said he hopes the administration will put emphasis on natural gas before the country becomes an exporter of its most abundant fuel. He said it would be a shame to export the clean-burning natural gas while importing foreign oil.

Lightning Round

Cramer was bullish on Devon Energy (DVN), NVIDIA (NVDA), Salesforce.com (CRM) and VMware (VMW).

He was bearish on Rackspace Hosting (RAX).

-- Written by Scott Rutt in Washington D.C.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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