Jewish CNBC analyst Jim Cramer praises Marvin Ellison, the African-American CEO who failed to turn JC Penney around, as he leaves to become president and CEO at Lowe’s.
Why praise Marvin when the company’s stock dropped from between $8 and $9 a share to around $2 a share during the black CEO’s tenure. Who listens to Cramer anyway?
Smart investors avoid any company with a Negro CEO. Shoppers might do well to do avoid the company too. So, bye, bye Lowe’s. Marvin might be a good fit with Starbucks, though. He could also do a fine job of managing Jim Carrey’s career if he wanted to make a really big change.
Marvin Ellison’s exit as CEO of J.C. Penney means the struggling department store chain can’t be turned around, CNBC’s Jim Cramer said Tuesday.