Sell TheStreet or Quit CNBC, Mad Investor Tells Cramer

This is truly interesting.

One CEO, Cannell, is attacking another, Cramer, for taking too much in compensation at TheStreet, Inc. considering that Cramer devotes time to "Mad Money" at CNBC in addition to TheStreet, Inc..

What is interesting is that there are a lot more CEOs that don't devote hardly any time even as CEO! And they take even more than Cramer! At least Cramer is active, and in two areas, which puts the average CEO to shame!

Maybe that is what this is all about. Cannell is ashamed he doesn't have what it takes to make TheStreet, Inc. even more profitable than Cramer can, and while Cramer works two "jobs"!

Cannell only works one "job", for which he is grossly overpaid, as most CEOs in that business are. If he does not like the returns on his hedge fund investment in TheStreet, Inc. then he can sell and invest elsewhere. Nobody is forcing him to stay, now are they!

These too highly paid CEOs, especially in this industry, are a bunch of fairy ass sissys. Money comes too easy to them because of the "structures" established. They don't do an honest days work. And they whine like babies when they don't get their way.

Good comment by traderathome :-)

What is noteworthy about Cramer :

a) his interview about Smart Money versus Dumb money - which unfortunately was exploited by the VSA / Tradeguider guys to market their software. Looking at it this way, Cramer was useful and in this interview Cramer gave a glimpse into the inner workings of hedge funds and big market makers. So in a certain sense : traderathome, you are our Cramer in FX, as you too point to the intentions of the market makers ! :-)

b) looking at Cramers show from ouside the US ( but through the ThinkorSwim / Streetsmartedge platform ), we can see how stock trading or trading in general has a much higher valuation or social acceptance than in other countries. With the exception of the UK, here in the EU we don`t have this positive focus on trading, the majority of the EU population is very security /fear focused, and passively accepts a financial transaction tax, plus trading fees of 9 EUR per order, or even 29 CHF in Switzerland. For me it is sometimes a breath of fresh air to watch Cramer, as he is like a Woody Allen movie figure, but working in a context where it is socially acceptable to seize opportunities, acceptable to be trading professionally, and acceptable to make money fast and in enormous quantities. So I must say : don´t follow his recommendations, but if you had another discussion with family or non-traders about your " evil " capitalist greedy job as a trader : remember there are other countries like the US, where thousands of people don`t see this as a problem, and where big legendary traders like Tudor, Soros or Buffet are admired, and where your job ( at least in New York ) would be seen as something serious and totally OK.