Jim Cramer wears many hats: investor, cable news host, website founder. Now, some of his own investors are saying that’s one hat too many.
Cramer hosts CNBC’s “Mad Money,” and is also the founder of investment and financial news site TheStreet.com, which is under-performing.
Shares of TheStreet (TST) are down -85% from a Dec. 2007 high (and down -4% today alone). Investors are not happy. The latest criticism comes from Cannell Capital LLC, a hedge fund that owns 9% of TheStreet.com. Cannell reportedly wants one of two things: Cramer to sell the site or quit CNBC.