This morning there was an article in
The Wall Street Journal
issuing a one-time special dividend where it focused on CEO Steve Wynn paying himself $147 million, Jim Cramer said on his
"RealMoney" radio show Tuesday.
Cramer believes that people should not care what Wynn is making because market players who own the stock are benefiting from the dividend as well. And that's all that matters, he said.
"The media makes a judgment every time an executive gets paid well, and that judgment is that the pay is excessive," Cramer said.
But this is "nonsense," he said. People should be happy to pay executives who make them money.
Cramer said he also keeps hearing about backdating options, excessive dividends and big payouts from private equity, but he lumps these issues as the fees market players need to pay to make "big money."
After all, "this is Wall Street, and making money is all that matters."
Switching tunes, Cramer said a stock which he has previously recommended,
, just got a "huge contract" to provide a central control rail center to supervise terrorism in New York City subways,.
NICE can still be bought here, he said.
has come out with a product called Zune to compete against
iPod, Cramer said.
However, Microsoft does not seem to understand that that the iPod business is not like the Nintendo and
business, he said.
The iPod is a franchise that is not going anywhere anytime soon, Cramer continued. Moreover, the Zune is bulkier and heavier than the iPod.
"Apple will win this duel," he said.
Another duel going on is the one between
for wrinkle-free skin, Cramer went on to say.
This duel, however, is one where both companies should win, he said.
"Both companies' products are fantastic," Cramer said. "I would own either stock."
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Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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