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Mad Money Spotlight: Cramer Spurns Textron
Lewis Campbell, boss of aerospace giant Textron(TXT Quote), has overseen a dismal year for the company.
But, according to Jim Cramer in his "Mad Money" program Wednesday evening, Campbell's whole career at Textron has been dismal, at least for the company shareholder's.
Campbell took over as chief executive in July 1998, when shares of the company traded at about $36. Though the stock went as high as $74 at the peak of the boom in 2007, it has dropped sharply since -- to $11.43 as of Wednesday's close -- as a slew of difficulties have beset the Providence, R.I.-based conglomerate. ...
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