CNBC “Mad Money” host Jim Cramer, who has been criticized in recent weeks for recommending Wachovia stock and then suggesting investors get out of the market, is now the target of new American International Group CEO Ed Liddy.
Wall Street Journal staff writer Heidi Moore writes, “Liddy has barely been in his new job a month, but he is already willing to go to the mat for his new employees, which Cramer insulted en masse in one of his shows last week. Deal Journal obtained a copy of Liddy’s outraged letter today to Cramer.”
In the letter, Liddy states, “I was deeply disappointed last Thursday when you urged your viewers to harass AIG employees, saying:
“We should hound them in the supermarket, we should hound them in the ball park, we should hound them everywhere they are. We should make fun of them and we should point fingers at them and we should tell them that you have no shame.�
“Those comments are outrageous. I demand they be retracted and that you apologize to AIG’s employees.”
Read more here.
UPDATE: Last night at the end of his show, Cramer did apologize — before CNBC received Liddy’s letter, I’m told.
He said, “Look, I want to clear something up. Last week, I was talking about the old management at AIG and how they should be hounded. It made it sound like I want to hound everybody at AIG. No. Thousands — 99.9 percent of people who work at AIG are fabulous, including most of my neighbors. It was the old guys who did this stuff. That’s who I’m against. I’m sorry if I made it seem like it’s everybody else. No. Everybody at AIG is good, except for the old board and the old CEO.
“I like to say there’s always a bull market somewhere. I promise to try to find it just for you right here on ‘Mad Money.’ I’m Jim Cramer. See you tomorrow. Sorry regular AIG guys. I did not mean you.â€?  Â
