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A New Hall of Shame Inductee

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Published: Friday, 21 Dec 2007 | 7:48 PM ET
By:

Web Editor, "Mad Money"

Cramer's Wall of Shame
Mad Money host Jim Cramer brings out the wall of shame and unveils the latest members.

Now that Marsh and McLennan CEO Mike Cherkasky has been fired, and Sprint’s interim CEO Paul Saleh was replaced by Dan Hesse on a permanent basis, Cramer has some room in his Hall of Shame.

Well, Mad Money's happy to announce that CEO Gary Dunton of mortgage insurer MBIA is the latest inductee after a unanimous vote. (OK, so Cramer's the only one who votes. But anyway...)

Dunton does a good job of hiding behind his chief financial officer, Charles Chaplin, on all the conference calls, Cramer said. And the CEO "has the touch of a great novelist" when it comes to the company's financial reports.

Cramer said he thinks Homegamers will hear a lot more about Dunton in the coming weeks "as his company fights for its life." But "if the board sacrificed Dunton, [MBIA] would stand a better chance of surviving."

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

 Print
MBIA CEO Gary Dunton "has the touch of a great novelist" when it comes to the company's financial reports, Cramer says.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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