Kraft Foods is “one of the most miserable performers” in the food group, Cramer said during Tuesday’s Stop Trading!. So management shouldn’t expect a bonus this year.
Of course, that didn’t stop Chairman and CEO Irene Rosenfeld from collecting $17 million in total compensation for 2008, despite bringing in “nothing” for the company, Cramer said. Kraft lagged its peers during a year when cheaper foods should have done well with cash-strapped consumers. But KFT was an “abysmal stock” anyway.