Cramer's got three new CEOs that have to go


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.

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