Jim Cramer's memo to the activists: Pretty please with a cherry on top, stop picking on the summa cum laude students, and go after the underperformers!
Right now there are three CEOs who are being called out by big name activists and hedge funds for not doing enough for shareholders—Tim Cook from Apple, David Pyott from Allergan and Indra Nooyi from PepsiCo—and the "Mad Money" host doesn't like it.
The most talked about catcall on Thursday was the letter from Carl Icahn to Tim Cook, the Apple CEO. The letter from Icahn, first posted on Twitter, said that while Cook has done a fantastic job, there is so much more to do. Icahn proposed that the tech giant make a tender offer to get the stock rallying again, because he believes that Apple is undervalued.
Cramer's take away from this is that Icahn believes that Cook is not giving it all he's got. "I only wish there were other CEOs as shareholder friendly yet as strong in the creation, development and execution of terrific products as Cook," Cramer said.