Click here for an archive of Cramer's "Mad Money" recaps.

"A few CEOs are so inept and so incompetent, you wonder if they are trying to sabotage their companies," Jim Cramer said on his "Mad Money" TV show Friday.

As an "equal opportunity critic of bad CEOs," Cramer believes that these stocks can only be owned if investors foresee these CEOs as on their way out.

Seven CEOs currently sit on Cramer's Wall of Shame. However, he said that three of the seven have recently "disgraced themselves even further."

While Cramer owns

Citigroup

(C) - Get Report

for his

Action Alerts PLUS charitable trust, Cramer has long been "spearheading" a campaign to have CEO Chuck Prince removed. He named Citigroup's management team as the worst he "has ever seen," partially due to misguided investments. Cramer said that "only their huge deposit base will save them."

Another CEO who did poorly this week was Vincent Sollitto of

Syntax Brillian

(BRLC)

. His company's stock lost 35% of its value this week. Cramer believes that was due to underdelivering in its last earnings report and blaming its Asian partners for its problems.

Cramer also doesn't like how Sollitto said everything was great with Syntax when he appeared on "Mad Money."

The third self-disgracing CEO was Patricia Russo of

Alcatel Lucent

(ALU)

. Cramer believes she carries a "remarkable" lack of vigor in her execution. There is no significant growth in revenue and the company's orders are shrinking. Under Russo's leadership, Alcatel is missing "the great telco sector boom" that it should be thriving in.

Image placeholder title

Cramer said that these CEOs will have to leave before these companies can thrive. Cramer still likes Citigroup, but said that Syntax Brillian and Alcatel Lucent are immediate sells.

Fed Game Plan

In his "Game Plan" segment, Cramer said that he is struggling to find a way to look at the glass as half-full. He hopes the

Federal Reserve

will cut interest rates but said he was not certain.

Cramer looked at three Fed scenarios. The first would be no rate cut at all, which could lead to "armageddon." The second would be a quarter-point cut, which would still be a bad outcome. Similarly, the third possibility, a half-point cut, would be another bad outcome.

Cramer said that both a quarter- and a half-point cut would cause many investors to "sell hard." Instead, investors should consider defensive stocks like

Coca-Cola

(KO) - Get Report

,

PepsiCo

(PEP) - Get Report

,

Kellogg

(K) - Get Report

and

General Mills

(GIS) - Get Report

, and "wait for the investors who wanted a bigger

rate cut" to do their selling.

On Wednesday, investors should look into buying infrastructure and agriculture-related stocks, Cramer said.

If there is a half-point cut by the Fed on Tuesday, investors should look into buying high-quality financial stocks. Cramer likes

Wachovia

(WB) - Get Report

and its 5% yield in addition to

Morgan Stanley

(MS) - Get Report

and

Goldman Sachs

(GS) - Get Report

, which he owns for Action Alerts PLUS.

'Fantasy Football' Portfolio Starting Lineup

Cramer reminded viewers that it takes many of the same skills to build a strong fantasy football team as it does a winning stock portfolio. On Friday, Cramer unveiled his fantasy team picks.

For quarterback, Cramer selected

Exxon Mobil

(XOM) - Get Report

. He believes that Exxon will repeat last year's strong performance, as it is consistent. Exxon was compared to Peyton Manning of the Indianapolis Colts, who has "amazing timing with running the offense."

The defensive team pick was

Medco Health Solutions

(MHS)

. Cramer says Medco can perform well in a squeezed economy and sees it going to $100, ultimately comparing its defensive strength to that of the New England Patriots.

Filling the tight end position was

Enterprise Products Partners

(EPD) - Get Report

. Cramer likes Enterprise's 6.5% yield, which keeps the stock safe, although it is still on the offensive. The stock was compared to Dallas Cowboys TE Jason Witten, who blocks well.

The wide receiver tapped was

Research In Motion

(RIMM)

. Cramer said that things are falling into place for the company, whose market share is as good as ever. They are "doing fabulously by every metric" and "could double again." Their growth and potential reminded him of Randy Moss of the New England Patriots.

Finally, as running back, Cramer chose

Freeport-McMoRan Copper & Gold

(FCX) - Get Report

, which he owns for Action Alerts PLUS. He believes that the stock "should survive whatever the economy throws at it."

It is not only cheap, but a growth stock as a producer of copper, which is on the rise in China. As his NFL equivalent, Cramer suggested LaDainian Tomlinson of the San Diego Chargers.

Mad Mail

In his "Mad Mail" segment, Cramer's first writer asked if

Caterpillar

(CAT) - Get Report

, which he owns for his charitable trust, is a CEEMEA ("Central and Eastern Europe, Middle East and Asia") play. Cramer said it is, and he foresees growth for Caterpillar in developing markets.

Cramer's second writer questioned the need to diversify, as the viewer held 65% of her portfolio in the tech sector. Cramer disagreed with her portfolio and ideology, noting how many people lost fortunes in the dot-com bust of 2001.

Responding to his final letter, Cramer was asked why

EMC

(EMC)

, which he owns for his trust, is a "good way to play"

VMware

(VMW) - Get Report

. Cramer said that EMC is cheaper and less risky as an investment, yet it still succeeds if VMware performs well.

Lightning Round

Cramer was bullish on

Bunge

(BG) - Get Report

,

Monsanto

(MON)

,

Sirius Satellite

(SIRI) - Get Report

,

Research In Motion

(RIMM)

First Solar

(FSLR) - Get Report

,

Suntech Power Holdings

(STP)

,

LDK Solar

(LDK)

,

Omniture

(OMTR)

Meridian Bioscience

(VIVO) - Get Report

,

Inverness Medical Innovations

(IMA)

,

Blue Coat Systems

(BCSI)

,

Garmin

(GRMN) - Get Report

,

Cnooc

(CEO) - Get Report

,

Petrochina

(PTR) - Get Report

,

MEMC

(WFR)

and

Central European Distribution

(CEDC)

.

Cramer was bearish on

Pacific Ethanol

(PEIX) - Get Report

,

Blockbuster

(BBI) - Get Report

,

Palm

(PALM)

First Marblehead

(FMD)

,

F5 Networks

(FFIV) - Get Report

and

Trimble Navigation

(TRMB) - Get Report

.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here

.

For more of Cramer's insights during the Lightning Round, click here

.

At the time of publication, Cramer was long Caterpillar, Citigroup, EMC, Freeport McMoRan Copper & Gold and Goldman Sachs.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.