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Cramer's New List of CEO's That Need To Go (AMD, MOT, ALU)
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Tonight on CNBC’s MAD MONEY, Cramer said he has a new set of members for the "Wall of Shame." Cramer said four of his picks have gotten the boot.
3 NEW ADDITIONS:
Hector Ruiz of Advanced Micro (AMD);
Ed Zander of Motorola (MOT);
Patricia Russo of Alcatel-Lucent (ALU)
Changes on the old list: Buckley, of 3M (MMM)…full pardon; Cherkasky of Marsh & McLennan (MMC) now FULL member of Wall of Shame.
Interestingly enough, I had my own list from December in "These Stocks Could Rise Simply on New a CEO Announcement" and 5 out of my 10 picks have announced ‘bye-bye’ but please keep in mind that not all of these CEO’s were noted as "gotta go" leaders.
I have been reviewing Ruiz of AMD for over a month now and here is the only problem….. There is a management gap and a lack of replacements and this would be a "gotta go just to go with no help in mind" issue, at least as of today. Zander of Motorola could go too, we’ve had little to no good news to say about him. Russo of Alcatel is a tough one, particularly as Lucent is now just part of Alcatel.
Jon C. Ogg
July 5, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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