According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
Despite the popularity of companies like Beyond Meat and Impossible Foods, meat consumption around the world continues to rise.Food & Beverageread more
Jim Cramer has taken a lot of heat recently that he needs to hold CEOs accountable. Anyone who follows Cramer knows that he considers the leadership to be reflective of how the stock will perform. Now it is time to put a few heads on the chopping block.
"I don't care. My critics can pound sand. When I look at the truly horrendous numbers from United Parcel today, when I read once again about how McDonald's knows it has problems and will address them with alacrity, I can't help but wonder: when will someone finally be held accountable for this kind of subpar performance? "
In Cramer's opinion, someone made a mistake when they selected David Abney as the CEO of UPS for 2014. He thinks that the COO had a free pass last year with holiday mishaps that caused the stock to drop. No more free pass for this company.
UPS stated over and over again that it would not make the same expensive mistakes again in 2014. And in a way, Cramer thinks it didn't make the same mistakes—it made worse ones. Shareholders deserve better than this.
"How can UPS get it so wrong while FedEx gets it so right?"
And then there is Don Thompson, the CEO of McDonald's. How many times do shareholders have to hear his poor excuses about how he understands the urgency in the reduced earnings and sales? There is just no excuse for this, especially when Wendy's has figured it out.
Frankly, the boards of both UPS and McDonald's are making a huge mistake if they think this type of underperformance can be tolerated.
Read more from Mad Money with Jim Cramer
Cramer Remix: Avoid stocks getting crushed by this
Cramer: Beware damage of euro in the US
Cramer: The Box IPO—call your broker immediately
One more bad quarter from these two CEOs and Cramer is officially committing them to the "Mad Money Wall of Shame." The results are completely unacceptable.
It is now time for the boards of these two companies to recognize this and take some action. Not just because people want better tasting hamburgers, but because it is the right thing to do for shareholders.