“Mad Money” host Jim Cramer was profiled by another newspaper. This time it’s Newsday. Previous profiles this year have been written by the Philadelphia Inquirer and the Dallas Morning News.
In Newsday, Cramer talks about his worst stock pick on the CNBC show: “‘Symbol Technologies is probably the single biggest disappointment I’ve had since I started my show,’ Cramer said about the Holtsville-based bar-code scanner manufacturer whose stock plummeted after he was persuaded against his better judgment to give it a plug.”
Newsday reporter Thomas Maier also mentions the recent SEC subpoenas in the article: “‘Mad Money’ has caught the attention of the Securities and Exchange Commission, whose staff last month subpoenaed Cramer along with two other business journalists after he said on the air that a stock would go lower. The SEC was looking into the role of an Arizona research firm and possible stock manipulation. SEC chairman Christopher Cox subsequently halted the subpoenas amid questions over whether they should have been issued. Network lawyers advised Cramer not to comment.
“Cramer, a Harvard Law grad and former hedge fund manager reportedly worth up to $100 million, says he’s careful not to step over the line legally. His own stock portfolio is kept in a trust with all its proceeds pledged to charity. ”
Read the profile here.
