Cramer’s New List of CEO’s That Need To Go (AMD, MOT, ALU)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618