Here's why Jim Cramer called out Disney for giving CEO Bob Iger a big raise

Published Mon, Jan 22 20243:00 PM ESTUpdated Mon, Jan 22 20244:02 PM EST

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Here's today's edition. Busy week of earnings: Stocks were still holding onto gains Monday but were off the highs of the morning. Most of the Super Six are up — though Amazon and Microsoft were lagging a bit. Small-caps were doing much better. There's a bit of a calm in the markets ahead of the upcoming earnings storm. Nearly one-third of the Dow will report earnings this week, including Club name Procter & Gamble on Tuesday morning. Other big names this week include Tesla and Netflix . Trouble in the magic kingdom: Shares of Disney were up more than 2% on Monday, having a good day since activist investor Nelson Peltz of Trian Partners officially launched a fight for board seats. He came on CNBC to plea his case, offering a five-point plan. Peltz criticized Disney's board for recently giving CEO Bob Iger a big salary increase. We don't think it was fair either, since the stock hasn't served shareholders like us. "I didn't feel that I got a big increase in stock price for my Charitable Trust," Jim Cramer said on Monday. It appears the company is having problems with succession, which is probably why Iger's salary was renegotiated. But this is another example of how Disney is not being a shareholder-friendly company. Jim said the reason why you want Peltz in there is because Trian is going to hold the board accountable. While the Disney board thinks it doing a great job, we think otherwise. The conversations are likely to heat up over the next few weeks. Disney stock was up about 5% year to date at $95 apiece late Monday. Portfolio movers: There were decent moves in some other portfolio stocks Monday such as GE Healthcare and Stanley Black & Decker . On the downside, there was Wynn Resorts , due to weakness in China. Shares of Mexican beer powerhouse Constellation Brands were lower on weaker consumer staples. Linde was slightly off after the industrial gas and engineering giant caught a downgrade from Stifel. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.