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Free company cars? Being shuttled around whenever on company-owned jets? Putting shareholders second to sucking out a free country club membership on the company dime? No mas. The Corporate America circa 1985 has died in large part due to the rise of activist investing. 

Buy and maintain your own damn car. Get your own plane tickets for a seat next to a crying two-year old. Pay for your own country club membership out of that $25 million annual bonus you just got. Love them or late them, activist investors such as Trian Partners (Nelson Peltz) and Third Point (Dan Loeb) are forcing bloated companies that aren't doing everything possible to boost shareholder value to rethink their ridiculous ways, fast. Just look at the unfolding message at General Electric (GE) - Get General Electric Company (GE) Report , a place where top executives for years have lived a cushy life on the company dime. When new GE head honcho John Flannery talks with investors in November, rest assured he will outline deep cost-cuts that send analysts back to the drawing board on the earnings power of a reformed GE. Good for Trian for agitating for change (in this case working hard to push long-time under-performing CEO Jeff Immelt out the door) and getting a spot on the board to ensure change is driven.

Honeywell (HON) - Get Honeywell International Inc. (HON) Report dismantling the legacy of former CEO David Cote is a little different than GE. Cote built a winner at Honeywell over the years -- it's just that people got used to Honeywell's winning ways, and have clamored for that next level of growth. While the company likely has some under-appreciated value, it's unlikely it's a bloated giant in the GE mold. The company was built very well under Cote's leadership. It's just that now agitator Loeb thinks Honeywell could do more to boost value, and looking at the spinoff news on Tuesday has found an ear in new CEO Darius Adamczyk. RIP 1985 Corporate America -- this is one death all shareholders should cheer. 

Cramer: Honeywell's Split-Up Is Very Smart

This IPO Has Been Mind-Blowing

Ferrari (RACE) - Get Ferrari NV Report isn't just a car company, it's a lifestyle brand, CEO Sergio Marchionne told TheStreet in an interview.

That's a story that Wall Street has eaten up aggressively since the supercar maker went public in late October 2015 -- since the IPO, shares of Ferrari have skyrocketed about 98%.

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While our best-in-class video team works on producing this interview (out later Tuesday), check out my exchange on Monday with Marchionne above on the topic of a Fiat Chrysler (FCAU) - Get Fiat Chrysler Automobiles N.V. Report deal. 

Bitcoin Is Back, Baby

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As it turns out, JPMorgan & Chase (JPM) - Get JPMorgan Chase & Co. (JPM) Report CEO Jamie Dimon hasn't killed bitcoin. The cryptcocurrency begins the day at $4,800 or so, near a one-month high. Volume during the latest move has been solid, suggesting bitcoin could retest the $5,000 level. Time to put back on that Nvidia (NVDA) - Get NVIDIA Corporation Report long trade if you haven't done so already. The tech outfit is a beneficiary of the crypto wave -- interestingly, shares have surged over the last few weeks amid rebounding bitcoin prices.  

But before getting all excited on bitcoin again, let's keep the fresh writings of Harvard professor Ken Rogoff in mind. He writes in a new post that the price of bitcoin will probably collapse over time as people realize the currency will never supplant central-bank issued money. 

Add another bitcoin hater to the mix. 

Nvidia and GE are holdings in Jim Cramer'sAction Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells NVDA and GE? Learn more now.

Join Jim Cramer, CNBC's Jon Najarian and Other Experts Oct. 28 in New York

Jim Cramer will host CNBC's Jon Najarian, TD Ameritrade's JJ Kinahan, famed analytics expert Marc Chaikin and other market mavens on Oct. 28 in New York City to share successful strategies for active investors.

You can join them as they discuss how smart investors can make the most of options trading, futures contracts, fundamental and quantitative analysis and great ETFs to buy right now. Participants will also get a chance to meet Jim and other panelists and take photos.

When: Saturday, Oct. 28, 8 a.m.-3 p.m.

Where: The Harvard Club of New York, 35 West 44th St., New York, N.Y.

Cost: Special early bird price: $150 per person. (Normal price: $250)

Click here for the full conference agenda or to reserve your seat now.

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