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'Mad Money' Recap: Truly Great CEOs

Cramer says top-flight CEOs such as Steve Jobs, Alan Mulally and Mickey Drexler have transformed their companies. <A HREF=""target="blank">Click for news from Jim Cramer.</A>
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) -- A company's CEO can provide that "special sauce" that just makes them perform better and command higher multiples, Jim Cramer told the viewers of his "Mad Money" TV show Thursday.

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He credited the upside surprise on the top and bottom lines in


(MCD) - Get McDonald's Corporation Report

, earnings to its CEO Jim Skinner. Cramer said Skinner just makes McDonald's a special company that's been constantly delivering new items, better coffee and worldwide growth with the earnings to match.

Cramer said companies like McDonald's should command a much higher multiple that those with lackluster CEOs. "How much is a visionary like Steve Jobs worth at


(AAPL) - Get Apple Inc. Report

," asked Cramer. Or how about Alan Mulally's fabulous turnaround at


(F) - Get Ford Motor Company Report


TheStreet Recommends

Cramer said it's obvious that the CEO at these companies makes all the difference. The same is true at

J. Crew


, he said. Mickey Drexler is a master at having great products and great management, said Cramer. So much to that J. Crew rarely needs to discount its merchandise, he said, while others can't give their items away.

Cramer said of course the numbers, and the analytics, are important. But he said a great CEO gives a company a little something special.

Crunching Blow

In the Thursday "Sell Block" segment, Cramer said it's time to get out of the data center business while the getting's still good. He put data center giant


(EQIX) - Get Equinix, Inc. Report

in maximum security and said investors need to steer clear.

Cramer said from the outside, things look great at Equinix, the stock is up 77% for the year, and is just a few points from its 52-week high. The company also just announced that its buying rival

Switch & Data


. However on the inside, Cramer said the good times are quickly coming to an end.

Cramer said he got his information from of all places,



(INTC) - Get Intel Corporation Report

conference call, where company executives touted their new Nehalem class of processors, which allows companies to replace up to eight of their older servers with just one new Nehalem server.

Cramer said this news sends a death nail through the data center business, which makes its money leasing space for companies to place their servers. If companies can now reduce their footprint by 87%, Cramer said that will translate to huge losses for the data centers. Even worse, companies may now opt to once again host their servers internally, rather than at expensive facilities.

According to Cramer, Wall Street is too caught up in the hype, and has all but missed this important news from Intel. With the upgrade cycle approaching, look for earnings disappointments from Equinix.

Tough Task Ahead

In the "Executive Decision" segment, Cramer once again spoke with Dan Dimicco, president and CEO of


(NUE) - Get Nucor Corporation Report

, for another read on the steel industry and the state of jobs in America.

Dimicco said Nucor had a good third quarter, beating out the company's results from the second quarter with revenues up 26%, earnings up 78% and shipments up 24% from their previous levels.

He said that customers are ordering from real demand, but that demand is low bit consistent. Given these conditions Dimicco said Nucor is laying the groundwork for the recovery and in the end, will be a stronger and more profitable company when the recovery comes.

Asked about the state of jobs in America, Dimicco said things are still in dire shape. He said that America needs up to 15 million new jobs just to hit break even. Turning to history, Dimicco said the best things have always been done via public-private partnerships and the private sector can't do it alone.

Dimicco said Congress needs to wake up, stop talking and start acting. He said 33,000 jobs here or 250,000 new jobs there doesn't even come close to the magnitude of jobs the country needs.

Dimicco said America needs huge investment in infrastructure of all kinds. By creating manufacturing and construction jobs, he said, the rest of the economy will follow.

Mea Culpa

Cramer issued a "mea culpa" for his recent recommendation of

TriQuint Semiconductor


at $7.39 a share. After reporting a weaker than expected quarter, the stock got beheaded, he said, down a staggering 28%.

Cramer said he should have been reminding viewers not to be piggish and to take some profits in TriQuint. However, after researching the company's earnings, Cramer said TriQuint is still a buy.

TriQuint said its earnings miss was a result of weak orders from an unnamed Korean cell phone maker. Cramer said this makes sense, as much of the world is upgrading their "dumb" cell phones for new sleek smart phones.

Cramer said given that TriQuint is transitioning its legacy businesses and expanding into the faster selling, higher margin smart phones, the company is still a buy, especially given that it has 90 cents a share in cash on the books.

Cramer said the TriQuint news also took down two stocks in his mobile Internet index,

Skyworks Solutions

(SWKS) - Get Skyworks Solutions, Inc. Report


RF Micro Devices


. He said he'd use weakness in these two names as a buying opportunity as well.

Lightning Round

Cramer was bullish on

Gilead Sciences

(GILD) - Get Gilead Sciences, Inc. Report


ADC Telecommunications

(ADCT) - Get ADC Therapeutics Ltd Report





Bank of America

(BAC) - Get Bank of America Corp Report


Eli Lilly

(LLY) - Get Eli Lilly and Company Report


Cramer was bearish on


(GSK) - Get GlaxoSmithKline Plc Report


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At the time of publication, Cramer was long Bank of America, Gilead Sciences.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 is related to the specific opinions expressed by him on "Mad Money."

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