Last night on CNBC's MAD MONEY, Jim Cramer said he has a new set of members for the "Wall of Shame" where these companies would do better with new leadership. Cramer said four of his picks have gotten the boot. Here are Cramer's 3 NEW ADDITIONS:
Hector Ruiz, of Advanced Micro Devices (NYSE: AMD)
Ed Zander, of Motorola (NYSE: MOT)
Patricia Russo, of Alcatel-Lucent (NYSE: ALU)
Interestingly enough, I had my own list from December in "These Stocks Could Rise Simply on a New CEO Announcement" and while a couple overlapped with a list he did many were before his or different picks. 5 out of my 10 picks have been announced as 'bye-bye' but please keep in mind that not all of these CEO's were noted as "gotta go for sure" leaders. I have been eying Hector Ruiz and Ed Zander, and both should go. The only issue here is that in the case of Ruiz, there is a massive management gap and he is very much in charge. Zander is very replaceable. Russo is probably also very replaceable, but now Lucent is just a part of Alcatel and anything happening there is more dictated from the EU side of the decisions.
Jon Ogg is a partner at 24/7 Wall St.; he does not own securities in the companies he covers.
Cramer's got three new CEOs that have to go
Posted Jul 6th 2007 10:30AM by Jon Ogg
Filed under: After the bell, Management, Motorola (MOT), Advanced Micro Dev (AMD), Alcatel-LucentADS (ALU)
Why isn't Bank of America updating its shareholders on CEO situation?
Before the bell: Futures sharply lower on Dubai's debt problems
Will Rich Ross really have a positive impact on Disney's movie operations?
Reader Comments (Page 1 of 1)
7-06-2007 @ 12:15PM
A. Kosmetatos said...
I would add GE's Jeff Imelt, 5 years of no stock growth!!!
7-06-2007 @ 5:56PM
MarionL.Cohen said...
I just received a dividend check from ALU & they took .69 for french taxes. since when do I pay french taxes. I say they should have let Germany keep france & toss Patrica Russo in the deal. No wonder she sold out to the french. I don't pay a tax to the USA & I can't get a refund from the french
7-06-2007 @ 5:55PM
MarionL.Cohen said...
How right cramer is
7-06-2007 @ 7:18PM
MarionL.Cohen said...
A few years abgo lucent stock was worth $80.00 a share. Russo came in & the stock was quoted at between a dollar or two but she got a $14,000,000 bonus, but thats because she cut out all dividends.I say thats pretty good. she put the comp. in the crapper & she grabbed what she wanted. by screwing the investors & she laughs all the way to the bank
7-06-2007 @ 7:20PM
MarionL.Cohen said...
I have'nt received a password