Stewart/Cramer Fallout: MSNBC Ordered to Keep Silent; Street.com CEO Quits
Editor's note: To see Jon Stewart's smackdown on Cramer last night click here.
Thomas Clarke, who has been CEO of financial news website The Street has announced his departure "effective immediately."
Clarke’s abrupt departure comes less than a day after The Daily Show aired tape of The Street’s co-founder, Jim Cramer, explaining in a Street.com webcast how he, as a hedge fund manager, manipulated value to serve some publicly traded companies and investors at the expense of others.
If you have just crawled out from under a rock, Cramer was a guest on Jon Stewart’s show last night, and the general consensus is Stewart took Cramer, CNBC, and financial "journalism," in general, to the cleaners.
Or, maybe you haven’t just crawled out from under a rock—maybe you have only been getting your news from MSNBC. The 24-hour news channel—and CNBC partner—was reportedly told by its corporate bosses that this was, you know, not of interest to its viewers: