Cramer's Stop Trading! CEO's Pay Increase Is a Load of Kraft (3/31/09)

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 |  Includes: MDLZ, T
by: Miriam Metzinger

Stocks discussed on Cramer's Stop Trading! TV Program, Tuesday March 31.

Kraft (KFT), AT&T (NYSE:T)

Cramer was disgusted by Kraft CEO Irene Rosenfeld's $17 million compensation in return for "doing nothing." Cramer has often said that Kraft is one of the worst-performing food stocks, and thinks Rosenfeld's pay is outrageous: "When you're screwing up, you give money back." Cramer ranted that Kraft has been an "abysmal stock" and thinks Rosenfeld should be writing checks to shareholders. Cramer also thinks AT&T CEO Randall Stephenson should also be giving back some of his 22% pay increase: “A lot of these people are really overpaid versus what they do,” Cramer said.

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