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Outrage Over Jim Cramer's Compensation Turns Humorous

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Mark Melin
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Fund manager J. Carlo Cannell has switched from a passive to an activist investor in TheStreet.com and is outraged at the compensation being showered upon fellow shareholder and co-founder Jim Cramer

Jim Cramer under attack from Cannell Capital

In a letter from Cannell Capital dated December 2 and filed with the SEC, CNBC celebrity host Jim Cramer came under blistering attack. The often dry and humorous letter underscores the frustration of stock holders who have seen the company value decline from $1.7 billion in 1999 to just $75 million today.  This as Cramer’s compensation was on an “up-trend,” the letter says, pointing to a contract laced with...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.