Cramer: ‘The old me would have hit Jon Stewart with a chair’

New York Times

Jon Stewart's "Daily Show" takedown of Jim Cramer happened more than two years ago, but the CNBC "Mad Money" host is still discussing it. He says in Sunday's Times Magazine:

I’m proud I didn’t [hit Stewart with a chair]. I controlled myself. But maybe I shouldn’t have. Maybe I should have taken the gloves off. When Stewart talked about how his 75-year-old mother lost money in the market, I could have said: ‘Hey, your brother Larry Leibowitz is one of the heads of the New York Stock Exchange. Why didn’t he give your mom advice? Maybe I should have said that.”

For 15 long minutes, Cramer sat abjectly as Stewart pummeled him, writes Zev Chafets. Stewart accused Cramer of being a snake-oil salesman and suggested that he and his colleagues at CNBC were responsible for cheerleading Wall Street shenanigans.

I should have known this was coming because of how vicious Stewart had been all week, but I really thought it was just going to be a friendly show. As soon as he started, I realized Stewart was on a mission to make me look like a clown. I didn’t defend myself because I wasn’t prepared. What was I supposed to do, talk about how often I had been right? Praise myself? Get mad? I was mad, but I didn’t want to give the audience any blood. The national media said I got crushed, which I did, and made me into a buffoon.

After the interview, people like that, total strangers, would come up to me and say, ‘Jim, I’m sorry.’ That made me feel horrible, people feeling sorry for me. For six months it was on my mind all the time. I hurt so bad. But I don’t really think about it now.

* "Jim Cramer HIts an All-Time HIgh" [New York Times Magazine]

  • Jim Romenesko

    From 1999 to 2011, Jim Romenesko maintained the Romenesko page for the Poynter Institute, a Florida-based non-profit school for journalists. Poynter hired him in August of 1999, after seeing his MediaGossip.com, a hobby site he started in May of 1999.

Comments

Related News

Email IconGroup 3Facebook IconLinkedIn IconsearchGroupTwitter IconGroup 2YouTube Icon