Cramer's 'Stop Trading': GM's CEO - TheStreet

Cramer's 'Stop Trading': GM's CEO

Jim Cramer said on Monday's 'Stop Trading!' on CMBC that he believes Ed Whitacre will do the right thing by GM.
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NEW YORK (

TheStreet

) -- The next big topic up for debate, according to Jim Cramer during Monday's "Stop Trading!" segment on CNBC: the compensation of Ed Whitacre, who was named permanent CEO of

General Motors

on Monday.

Whitacre, you might remember, received a hefty goodbye package when he left

AT&T

(T) - Get Report

, but Cramer says it was well deserved.

"He created that company," Cramer said during his "Stop Trading!" segment.

Likewise, Cramer said he is optimistic about Whitacre's future at GM. "He is going to the do the right thing," Cramer said, noting that Whitacre is anti-union and won't give GM's unions the free reign the Obama administration wants to.

Currently Whitacre receives $150,000 as GM's chairman and $200,000 as a board member. GM will announce his compensation later in the week.

Cramer said that Whitacre would ideally take nothing, but "at the same time he didn't want the job, and initially got dragged into it."

Aside from Whitacre's appointment, Cramer also called out

General Dynamics

(GD) - Get Report

, which was upgraded by UBS to buy on Monday morning. UBS said the company is seeing improvement in its business jet market.

This is also good news for sector-mate

Textron

(TXT) - Get Report

, Cramer said.

-- Reported by Jeanine Poggi in New York.

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