With March Madness in full swing, the initial field of 68 teams is due to be whittled down to just the elite eight teams. So, with bracketology in mind, Jim Cramer decided to review his selection of the first four of eight CEOs that have put their companies in the best position to win right now.
The first of the "Mad Money" elite eight is the CEO of Honeywell, Dave Cote. He took over the industrial and aerospace conglomerate in July 2002. Since that time, the stock has more than doubled in performance.
While Cramer found the outperformance of the stock certainly impressive, what he liked the best was Cote's ability to reposition the company with savvy break-ups, acquisitions and redirection to more lucrative end markets. This has allowed the company to stay relevant in a rapidly changing environment that has gotten the best of some of their competitors.
"Honestly, I think Dave Cote is the example that all industrial CEOs should aspire towards," the "Mad Money" host said.