This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TheStreet Names New Chairman

NEW YORK ( TheStreet) -- Christopher P. "Woody" Marshall has been elected chairman of the board at TheStreet (TST), the company announced Wednesday.

Marshall will replace founder Jim Cramer, who assumed the chairmanship in 2008 to help steer the financial media company through a transition period and now wants to reduce his administrative workload and focus on his role as a stock market commentator. Cramer will remain on the board.

Marshall built his career in the venture capital and private-equity world, focusing on technology, Internet, mobile and software investments. Marshall is also a partner at Technology Crossover Ventures, which purchased a $55 million minority stake in TheStreet in 2007. He joined TheStreet's board in August 2009, along with Ronni Ballowe, a former executive at Ziff-Davis who previously served as publisher of PC magazine.

"As an active Board member and long-term investor, I have both followed and participated in TheStreet's evolution over the years," Marshall said in a statement. "I believe the Company is on the right path, and as its new Chairman, I am eager to help contribute to its future successes. TCV and I believe in the business as much as we did when we invested in it in 2007."

"We are excited to have Woody increase his commitment to the Company through his new role as Chairman," CEO Daryl Otte said in a statement. "His ability to identify companies where he sees strong, sustainable business models, coupled with a proven track record at helping them recognize untapped value over the long-term, will be an asset to our Company.

Otte said of Cramer: "The other board members and I want to thank Jim for his service to the Company as Chairman. He has been an integral player in helping the Company realize its vision of being a leader in the digital financial media space -- which he helped pioneer by founding the Company in the early days of the commercial Internet -- and he has provided outstanding leadership to the Board.

Cramer inked a three-year deal with TheStreet in December to continue writing for its subscription products in exchange for royalties and restricted stock. Separately, he is a prominent commentator on CNBC's "Mad Money" show.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TST $1.07 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs