FEATURED SLIDESHOW

Cramer's Best Dividend Picks
In chaotic and difficult market environments, Jim Cramer recommends investors seek the protection of stocks with serious dividends.

MAD MONEY FEATURES

PODCASTS
Watch the Lightning Round whenever and wherever you want.

OFFICIAL MAD MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.

CRAMERS SOUNDBOARD
Admit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.

CHECK OUT OUR PHOTOS
Check out Cramer on set, back to school, behind the scenes and more.

SHOP FOR MAD MERCHANDISE
Buy Cramer books, bobbleheads and other Mad Money merchandise.

RING TONES
Pick up the phone! It's Cramer! New Mad Money sounds for your cell phone.

TEXT MESSAGE ALERT
Mad Money's mobile. Get show highlights sent to your phone.

Cramer: AIG Chief Must Go

Published: Friday, 9 May 2008 | 6:50 PM ET

Text Size

By: Carlo Dellaverson
Web Producer

AIG CEO Martin Sullivan is so bad, so utterly incapable of running the nation's largest insurance firm, according to Cramer, that on Friday’s show he unveiled an extended annex to the Wall of Shame dedicated entirely to Sullivan.

After the Dow component [AIG Loading... () ] posted an $8 billion loss Thursday – dragging the whole market down with it on Friday – and said it needs to raise an additional $12.5 billion, Cramer was astounded at how far the once well-run insurer has fallen. “This company is moronic,” he said flatly.

If Sullivan left, Cramer believes AIG shares could go up by as much as 20%. He appealed directly to the AIG board and shareholders:

“This man has to be fired,” he said. “I cannot believe how bad this guy is.”

FEATURED SLIDESHOW

RECENT POSTS

MAD MONEY FEATURES

Cramer: AIG Chief Must Go