Invest in America Week: Ford Motor
A company’s CEO is just as important, if not more so, than the price-to-earnings ratio, Cramer said Thursday, when picking stocks. In fact, the corner office is responsible for “some of the most fantastic opportunities out there.”
That’s been the theme all week on Mad Money. As part of Cramer’s Invest in America series, he’s highlighting the CEOs that will help the US emerge from the financial crisis stronger than before. So far Macy’s Terry Lundgren,Disney’sBob Iger and Honeywell International'sDavid Cote have shared their visions for their companies and the country. And on Thursday Cramer spent time with Ford Motor's Alan Mulally, the man responsible for that ailing automaker’s miraculous turn.
Mulally performed similar miracles at Boeing , his employer before taking over at Ford in 2006, turning the company into what Cramer called “the unequivocally best airplane manufacturer in the world.” At Ford, he’s kept the Detroit institution out of bankruptcy, refused government aid and is now “selling more cars than anyone would have believed a year ago,” Cramer said. That’s why he thinks Mulally is “the best America has to offer.”
How did Mulally do it? What’s next for Ford? Watch Cramer’s two-part interview with the CEO, here and here, to find out.
Cramer's charitable trust owns Honeywell International.
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