'Mad Money' Spotlight: Cramer Shames Valero

What are the magic ingredients required to land one on Jim Cramer's Wall of Shame? Take an idiot-proof quarter where profit is almost assured and turn it into a steaming crater filled with wailing investors. Add in a dash of value destruction -- and mix.

That, at least, was the message from last night's "Mad Money" broadcast, as Cramer declared Valero Energy(VLO Quote) CEO William Kleese to be the latest member of the board of the damned.

Here's how he got there: First, on Tuesday, Valero stunned the Street by announcing that it expects to lose about 50 cents a share in the second quarter. Before the announcement, analysts had expected a 73 cent profit. ...