Dick Fuld, the CEO of Lehman Brothers, joined the Mad Money Wall of Shame Tuesday night for a number of sins, but mainly because he didn't take advantage of the financial rally caused by the federal takeover of Fannie Mae and Freddie Mac to raise capital or sell his company.
Lo and behold, just two days later we learn that Fuld is looking for somebody to buy his company!
Call this a crackpot theory if you want to (I am!), but could it be that Fuld is a devoted fan of the show who desperately wants off the Wall of Shame? If that's the case, Dick, and if you perhaps are reading this blog because you like the show so much, I have some bad news for you: You're not coming off the Wall until you resign to spend more time with your family. There's a big difference between trying to raise capital by selling stock or trying to sell your company when your stock is at $14 and change, where it closed on Monday, and trying to sell the thing when the stock price at $4 and change, where it closed Thursday.
Sorry, buddy. And we didn't mean anything personal when we called Lehman one of the black holes of the market on Thursday's show either, expect insofar as you personally were involved in, you know, the running of the company.
Cliff Mason is the Senior Writer of CNBC's Mad Money w/Jim Cramer, and has been that program's primary writer, in cooperation with and under the supervision of Jim Cramer, since he began at CNBC as an intern during the summer of 2005. Mason was the author of a column at TheStreet.com during 2007, which he describes as "hilarious, if short-lived." He graduated from Harvard College in 2007. It was at Harvard that Mason learned to multi-task, mastering the art of seeming to pay attention to professors while writing scripts for Mad Money. Mason has co-written two books with Jim Cramer: Jim Cramer's Mad Money: Watch TV, Get Richand Stay Mad For Life: Get Rich, Stay Rich (Make Your Kids Even Richer). He is 100% responsible for any parts of either book that you did not like.
Mason has also had a fruitful relationship with Jim Cramer as his nephew for the last 23 years and will hopefully continue to hold that position for many more as long as he doesn't do anything to get himself kicked out of the family.
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