You've got to be one heck of a business person to get called out by Jim Cramer. On Wendesday he called out five.
With both the Dow Jones and S&P 500 surging this year, and making new all-time highs almost every day, it's become apparent that until a few months ago, stocks were relatively inexpensive. And the Mad Money host is largely dismayed that most business leaders didn't recognize the opportunity especially in their own industries.
"There should have been more M&A. That's right, during this whole run-up, there should have been many more deals, more acquisitions to spur growth, or to take market share," he insisted.
Instead, only a handful of executives recognized that potential. That is, only a few executives increased the value of their companies by making smart acquisitions. In hindsight Cramer thinks it's fair to say the corporate leaders who were able to sift through the noise and make strategic moves were indeed shrewd business people.
These are the kinds of people that Cramer believes are adept at maximizing shareholder value – these are the kinds of people that Cramer wants you to identify when he talks about strong leadership in the corner office.
Following are the 5 CEOs Cramer called out on Wednesday's broadcast and the strategic moves they made to drive shareholder value.