The Daily Show has consequences......

[marmar]

from Crains NY:



Street.com CEO quits after Cramer’s TV flameout
Thomas Clarke, longtime chief executive of the financial news Web site, abruptly leaves, “effective immediately.”

By Hilary Potkewitz


Friday brought more tumult for CNBC anchor Jim Cramer, when the chief executive of his online financial news site, The Street.com, resigned.

The company announced Friday that Thomas Clarke, TheStreet.com’s CEO for the past decade, would be leaving, effective immediately. He’s been temporarily replaced by Daryl Otte, a longtime director on the company’s board, who will serve as chief until the search committee, which he is leading, finds a new CEO.

Outsized TV personality and chairman of the board Jim Cramer issued a boilerplate statement on Mr. Clarke’s departure, saying only, “I want to thank Tom for his long-time service to the Company and wish him the best of luck in his future endeavors.”

The abrupt nature of Mr. Clarke’s departure only adds to the company’s troubles in the current bear market. Its stock dropped below $2 per share this week, down from $9.50 per share a year ago.

The stock in recent years had traded as high as $16 per share in December of 2007, but has suffered with the decline in the media and advertising markets. Its success was tied closely to Mr. Cramer’s popularity, and the recent heavy criticism of his bombastic television personality may be reflected in the company’s performance. ........(more)

The complete piece is at: http://www.crainsnewyork.com/article/20090313/FREE/903139975

[Critters2]

1. ...

:wow:

[Donnachaidh]

2. I watched the first 15 minutes of Cramer's show tonight, but had to turn it off

All his *I'm going to out the shortsellers* crap was making me want to heave. His show is a JOKE, and CNBC could replace it with petri dishes full of live spores and it would be FAR more entertaining.

Someone give him an organ and a monkey and let him work the streetcorners in Wall Street at lunch time. He'd probably make a killing.

[Tangerine LaBamba]

3. You lasted longer than I did -

when he announced the "Cramer v. Stewart" clip, and then showed the Martha Stewart show he was on, that was far too cute for me.

I had never watched the show before. That sixty seconds was enough for me forever.

[Donnachaidh]

8. He uses cartoon characters to make comments

I mean -- what ADULT is not going to watch this show and think *this is programming for the moron set*. I can imagine all the freepers sitting in Mommy's basement thinking that Cramer *rawks* just because he dumbs down a few things, uses a lot of buzzes and whistles for background noise, and acts as stupid as they do.

This is noise candy for the emotionally-impaired fat little white boy who wants to imagine himself as Gordon Gecko. Talk about sheep being fleeced. Cramer should be run out of town on a rail.

And the head of CNBC should be bitchslapped publicly.

[Tangerine LaBamba]

10. Laughable, and pathetic

It's a shell game, a Ponzi scheme, a power trip.

The truth is that no one knows anything about how or why the stock market does what it does, and anyone who's going to put money into it ought to treat it like a trip to the gaming tables in Las Vegas.

These guys spew all this bullshit language that even they don't understand.

Meanwhile, people like Madoff and Stanford steal people blind under cover of people like Cramer.

[Hannah Bell]

17. lots of people know something about why it does what it does, for example cramer

knew why stocks went down on his rumor-mongering, or why they went up when he made big buys with borrowed stock to pump certain stocks.

but those people normally won't give you *that* information.

oh, & he also knew x stock would go down or up when the rubes bought into his recommendations.

[vademocrat]

11. hahahaha - "noise candy for the emotionally-impaired fat little white boy"

You've perfectly described several of my co-workers who think Jim Cramer is god. They've been very very quiet this last week...

[Donnachaidh]

12. tell them they'll get educated FASTER on the cartoon network

I was forced to keep myself from vomiting, just trying to watch that show. I doubt anyone with a healthy attention span could take much more than a few minutes of the noise and the cartoonish background graphics. :ugh:

[vademocrat]

16. They're so reactionary - not interested in actually learning anything

I've given up discussing anything but work with them - it's just not worth it...

These guys have the emotional maturity of poorly raised 5 year olds - I think that's the demographic the show is designed for - I've only ever been able to watch once for about 3 minutes...

[HowHasItComeToThis]

5. I THINK CRAMER IS DOING FINE.

SHORT SELLING IS CRAP

[Donnachaidh]

9. Cramer's a slimetrail, and the only thing worse

is the viewership that watches this MORONIC show.

[WorseBeforeBetter]

18. They're "young people" who evidently don't want to be bothered with P/E ratios...

or taking the time to actually research a company. I believe Cramer said something to that effect last night on TDS. Sigh.

[TheWatcher]

20. Cramer is a Criminal and a Mafia Mouthpiece for the Establishment.

And he has done a very good job of helping said establishment fleece the Public of Wealth and treasure.

Or perhaps you missed the Videos Stewart played last night of Cramer basically ADMITTING to Illegal Market Manipulation, and mocking the SEC because they couldn't catch him.

Please, get over your Cult Of Personality delusions and WAKE UP.

Your proclamations in ALL CAPS that "He's Doing Fine" have about as much credibility as CNBC does.

Or maybe you actually SUPPORT the criminal activity they have been facilitating.

Render Unto Me A Fucking Break.

[malaise]

6. I didn't last five minutes

It's atrocious.

[CoffeeCat]

21. I have watched Jim Cramer's show...

...before I hated him.

I would tune in, and the show was virtually unwatchable.

It was so bad.

Now that he has no credibility--Cramer's screaming, the sound effects and the buffoonery
are incredibly embarrassing.

I seriously don't see how "Mad Money" survives. His entire shtick was behaving like
a rabid lunatic--flailing around the set and screaming. It was so awkward to watch it.

There's no way that Cramer can continue to act like that now.

I wonder what SNL has in store for Cramer this weekend????

[ddeclue]

4. Well it looks like Cramer's comeuppance will be financial as well as

being a public pillorying on TDS.

I'm sure he has a lot of his personal fortune tied up in The Street and it sounds like it's going down in flames and he's gonna end up as broke as the people who listened to his financial advice earlier on CNBC...

Very satisfying indeed - the gov't probably will never hurt him as much as Stewart did last night.

"best way you hurt rich people is by turning them into poor people" - Trading Places, 1981

:rofl:

[sufrommich]

7. Jon Stewart is activating his sleeper cells as we type. nt

[liberalla]

13. Sweet. Just imagine... a mere 3 weeks ago, Thomas Clarke was

probably feeling pretty good about Santelli and his stunt on the trading floor. The tide is changing.

[Starry Messenger]

14. A hearty k&r for you sir!

[TheCentepedeShoes]

15. Daryl Otte

Layd Otter

[BrklynLiberal]

19. The story of Stewart and Cramer has been on virtual every media outlet

except Morning Joe..... bwaaaahahaha...Gee, I wonder why they did not mention it at all??? :rofl: :rofl: :rofl: :rofl: