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...

