Jim Cramer was so impressed by NXP Semiconductors CEO Rick Clemmer that he is officially inducting him into the "Mad Money" wall of fame.
"I'm not exaggerating when I say that the CEO can make or break a business. I've seen terrific chief executives turn unremarkable companies into titans and lousy ones turn high-quality enterprises into absolute dogs," the "Mad Money" host said.
NXP Semiconductors recently received a $110 per share takeover bid from Qualcomm, which was a 34 percent premium versus where it traded before the takeover talk began.
When a CEO does a tremendous job of creating value, they deserve to be celebrated.Jim Cramer
This is just one of the many examples of why Cramer chose Clemmer for the wall of fame. Clemmer has made shareholders so much money over the years that the Qualcomm deal is just icing on the cake, he said.
Clemmer's actions were admirable, and Cramer used him as a model for investors to spot great management.
"The humility of this man is incredible," Cramer said.
NXP Semi makes chips for cellphones, and has exposure to some of the hottest areas in technology like the connected car, internet of things and cybersecurity. It is the leading supplier of chips for the automobile market, which is why Qualcomm was eager to buy it.
That is not what NXP Semi looked like a few years ago. Under Clemmer's leadership, the company has transformed itself, and the stock has gone along for the ride. Just five years ago the stock traded at $15, compared to the $110 a share takeover bid.
Cramer also highlighted Harman International Industries CEO Dinesh Paliwal for the company's deal with Samsung at a 28 percent per share premium. He also praised Time Warner CEO Jeff Bewkes for its deal at $107.50 a share deal with AT&T, which was much higher than the $85 a share bid it received from Fox in 2014.
"When a CEO does a tremendous job of creating value, they deserve to be celebrated, and with this sale to Qualcomm, I think Rick Clemmer of NXP Semiconductors absolutely belongs on our CEO wall of fame," Cramer said.
Note: Jim Cramer's charitable trust owned shares of NXP Semiconductors at the time this was published.
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