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In an "Executive Decision" segment, Cramer sat down with Omar Ishrak, chairman and CEO of Medtronic (MDT - Get Report) , the medical device maker with a history of innovation and disruption.

Ishrak said that Medtronic was founded in 1950 with the original pacemaker, a Walkman-sized device that was worn on your belt. Today, the company is debuting the Micra pacemaker, a device the size of a bullet, which can be inserted directly in the heart via catheter. The battery on the device lasts 10 years, he said, and the patient can leave the hospital immediately after the procedure.

Medtronic is using similar technology to stimulate the spine and manage chronic pain. Ishrak said this technology is in the early stages of deployment and has a bright future.

Finally, Ishrak spoke about their diabetes management systems, which include implanted insulin pumps and monitors that can act was an artificial pancreas to automate management of the disease. Medtronic currently has 70,000 patients, Ishrak noted, and this is among their fastest growing products.

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.