Mad Mail: Sara Lee’s Anything-But-Savory CEO?
Dear Cramer: I believe Sara Lee's CEO, Brenda Barnes, should be placed on your Wall of Shame. Sara Lee has had around a 60% percent decline since she has become the CEO. She spun off their biggest business, branded apparel, into Hanesbrands. Ms. Barnes has done nothing to help improve this company, and I see no reason why she should not be on the Wall of Shame. She has been on the board of directors of companies like The New York Times Co., which hit its low on Feb. 20, 2009, at a price of $3.44, and PepsiAmericas , which is only two months off its low of $15. Brenda Barnes has proved that she is not right for the job at SLE. --Dan
Cramer says: “That’s not a ringing endorsement. I do think that I have to consider that.”