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FBN's Charles Payne argues you should use caution when investing in companies that have celebrity CEOs.
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-- make good money and how some pain and with the news that Chesapeake Energy CEO is giving up his post after reports of his personal business interest.
Conflict for the company runs Charles -- -- to tell us how we live.
And -- and by celebrity CEO Charles Lieberman in the ninety's this is a big thing all the celebrity CEOs and a lot of woman bang boom boom bust in on the Bernie neighbors that -- way and all those guys.
You know on -- Aubrey McClendon is a great story 1989 starts Chesapeake.
Fifty grand ten employees.
The stock has been amazing in January 2000 it was a two dollar fifty -- stock.
Hit 6965.
Bucks by 2008.
It's been tough sledding and obviously -- real tough sledding today so.
The ideas in a lot of these companies we have someone like that who built a company almost from nothing date they get legendary status they essentially become CEOs and all them.
A Wall Street -- overlooks some some red flags there are certainly yellow flags in so individual investors so.
You know the message right now to -- data really be very very careful with these celebrities CEOs.
That there's so many of us celebrity CEOs celebrities CEOs and have been incredible success -- Warren Buffett.
Bill Gates says -- -- the Carly Fiorina was a bad big success story I mean all of these good Richard Branson we're talking out of -- right.
What about these leaders -- mean that you want to follow their vision all the way through to the end tendered I think are you cautious about.
I do find that people who create the company end up being very very good and you know those are the guys.
I would I would be more willing to fall but also these guys -- absolutely those people on the screen now let's and I think.
The big quite frankly you -- -- is that apple I think give -- 650 dollars a share right now I think whatever speeding Wall Street right now.
Tim Cook and that's also all of what of that intangible part of that is.
One thing you do wanna be careful of guys are the celebrity CEOs who didn't start the company but they comment as the -- -- the person that's gonna pick this up the person with a reputation you know the man in the black -- they bring -- that -- derivatives and now here look on the screen Jon Corzine more recently -- know about that.
Carol -- made a lot of money at Yahoo! nobody else did of course they think Al Dunlap is the godfather you will have hired are hired -- to comment in essentially constant at dinner and what we look at this truck market rally really that was liberal does that then -- -- -- -- a lot of people but he never did anything innovate.
Our cards but the -- money here that is Carol Bartz and a lot of money on have been -- -- does.
-- -- O'Donnell brings good a good media thank you very much for being okay guys I -- our.
