CEO of TheStreet.com quits after Jim Cramer’s appearance on Daily Show
Things seem to be getting worse for Jim Cramer.
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.
Who knows the reasons behind Clarke’s decision, but the timing suggests that Cramer’s flameout is not going over well in the financial community.
NBC is lame
This is pretty pathetic, and it highlights how bad Jim Cramer’s appearance was on The Daily Show.
A TVNewser tipster tells us MSNBC producers were asked not to incorporate the Jim Cramer/Jon Stewart interview into their shows today. In fact, the only time it came up on MSNBC was during the White House briefing, when a member of the press corps asked Press Secretary Robert Gibbs if Pres. Obama watched. Gibbs wasn’t sure if the president had, but Gibbs did. “I enjoyed it thoroughly,” the Press Secretary said.
On Cramer’s network, CNBC, the subject has only come up twice today, including when master marketer/CNBC personality Donny Deutsch brought it up briefly around 1pm on “Power Lunch.” “I’m a huge Jon Stewart fan,” said Deutsch, “He does what he does he does his job. But I’m also a huge Jim Cramer fan. He sticks up for the little guy, he cares, he puts his neck out, and I respect that. I respect both those guys.”
How embarrassing. In effect, Stewart destroyed Cramer’s credibility and painted CNBC as a bunch of fools, but MSNBC honchos decided not to respond. This suggests that there might be serious consequences.