A New Hall of Shame Inductee
Web Editor, "Mad Money"
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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