Jim Cramer has taken a lot of heat recently that he needs to hold CEOs accountable. Anyone who follows Cramer knows that he considers the leadership to be reflective of how the stock will perform. Now it is time to put a few heads on the chopping block.
"I don't care. My critics can pound sand. When I look at the truly horrendous numbers from United Parcel today, when I read once again about how McDonald's knows it has problems and will address them with alacrity, I can't help but wonder: when will someone finally be held accountable for this kind of subpar performance?"
In Cramer's opinion, someone made a mistake when they selected David Abney as the CEO of UPS for 2014. He thinks that the COO had a free pass last year with holiday mishaps that caused the stock to drop. No more free pass for this company.
UPS stated over and over again that it would not make the same expensive mistakes again in 2014. And in a way, Cramer thinks it didn't make the same mistakes—it made worse ones. Shareholders deserve better than this.
"How can UPS get it so wrong while FedEx gets it so right?"
And then there is Don Thompson, the CEO of McDonald's. How many times do shareholders have to hear his poor excuses about how he understands the urgency in the reduced earnings and sales? There is just no excuse for this, especially when Wendy's has figured it out.
Frankly, the boards of both UPS and McDonald's are making a huge mistake if they think this type of underperformance can be tolerated.
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One more bad quarter from these two CEOs and Cramer is officially committing them to the "Mad Money Wall of Shame." The results are completely unacceptable.
It is now time for the boards of these two companies to recognize this and take some action. Not just because people want better tasting hamburgers, but because it is the right thing to do for shareholders.
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