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Cramer Remix: Calling for this CEO's head

The market took a plunge on Wednesday, and even though Jim Cramer has seen a lot of moronic trading he's not sweating it. He sees this as an opportunity for investors to take out their shopping lists, not to pack up and run for the hills.

The primary cause of the recent bear market, in Cramer's opinion, was due to oil being hammered, as it shed $2. This led it to fall to its lowest close since December 2012. But wait… doesn't cheaper oil mean a tax cut for everyone that drives a car? Isn't cheap oil good for business?

Well, yes, but that would assume the market is a rational beast. Cramer has always known that it is not.

Read MoreCramer: Time to shop the drop

In fact, the "Mad Money" host is completely stunned at the amount of moronic activity happening, and he wants to remind investors to trust their instincts.

Take Chipotle (CMG), for example. On Monday, it reported an unheard-of 19.8 percent comparable sales number, versus the already high expectation of 17.2. Analysts wanted $3.83 in earnings; Chipotle one-upped them with $4.15.

Yet the stock has tumbled from $653 to $607, because the company gave cautious guidance. That is the biggest decline in 17 months.

What the heck?

Cramer's takeaway is not to always trust the market. It won't always do the right thing, and has proven it has failed to do so.

Investors should trust their homework and instincts, and they'll reap the benefits at the end of the day.

Read MoreCramer: Beware moronic trading


With all of this moronic market activity, Cramer took the time to point out CEO that could use some explaining as well.

In fact, how in the heck has the CEO of Coca-Cola, Muhtar Kent gotten the Congressional Medal of Soda when he's not stepping up to the plate?

In Cramer's perspective, Kent is one endless excuse maker who blames the economy for company woes. Cramer continues to be baffled at the treatment given toYahoo (YHOO) CEO Marissa Mayer, when she has grown the company stock from $15 in July of 2012 to $42 today. Coke was at $39 during that time, and is now at $40.

"I say enough is enough. You want someone's head? Call for Muhtar, not Mayer."

Read MoreCramer calls for Coke chiefs head

Marissa Mayer
Getty Images
Marissa Mayer

On the other hand, the Yahoo CEO inherited the company when it was way behind the industry in everything from site design to relevance in technology. Since that time, she has slowly but surely brought it back up to date.

Yet for some reason when you look up her name on the Internet, most articles on her are negative.

Though revenue growth has been slow at just one percent in sales, Yahoo has gained millions of unique visitors during Mayer's time. And now that she has the money, she will have to figure out how to monetize them.

Cramer thinks she can do it with shrewd acquisitions that will allow them to separate themselves from the pack, and move away from advertising. The "Mad Money" host sees value in companies like Yelp, Homeaway, Zillow and even Netflix. Mayer has plenty of borrowing capacity.

"Mayer has never taken her eye off the ball, and she's made you a fortune in the process."

Clearly Mayer understands Investing 101 and is letting her most important asset grow until it is at least ripe enough to be harvested. Perhaps Kent at Coca-Cola can take a page from Mayer's book.

Read MoreCramer: Haters should back off of Yahoo

Jim Cramer Mad Money
Source: CNBC

For those who think they have missed the North American energy renaissance, Cramer has an energy play that isn't vulnerable to the decline in oil, Kinder Morgan(KMI).

When shareholders vote next month, this company is set to become the third largest energy company in North America.

Cramer discussed the volatile market with Kinder Morgan CEO, Richard Kinder.

"We are living in a volatile market … I think the market recognized that we are not as subject to this commoditization game as some others are, and we certainly don't think that we are," Kinder said.

In examining another sector, Cramer discussed the future of the popular container company Tupperware (TUP) on Wednesday. This stock has dropped dramatically, down 33 percent since the beginning of the year.

The main issue stems from the fact that the majority of its business is from emerging market countries, which have taken a hit.

Cramer spoke with Tupperware Brands CEO, Rick Goings, to find out what happened to the stock. Did people think that things were going better, or did the stock just get too hot?

"We probably have to do a better job at explaining the operational miss. We specialize in women in emerging markets… everyone's griping about China, we are up more than 20 percent in China. We had a handful of market that had a tough quarter," Goings said.

Goings assured investors that the company still considers their 4.5 percent yield sacred, and the dividend will not be affected.

In the Lightning Round, Cramer also called for the heads of a few stocks as well:

Sandridge Energy (SD): "This is a company that comes under the category of 'if oil keeps going down' this will not be a good company. This is one of the companies that is leveraged, that you have to worry about."

Kite Pharma (KITE): "This company's good, but you can get discounts from a lot of other companies ... I would rather own Celgene."

Read MoreLightning Round: What's the next best play?