A New Hall of Shame Inductee
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."
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