Daryl Otte became the interim CEO at TheStreet.com after Thomas Clarke left, but now he has been named the permanent CEO.  Otte was director at TheStreet.com since about 2001 and was a founding partner at Montefiore Partners.

As a Director TheStreet.com, Otte made about $111,000 in 2008, $126,000 in 2007, and $90,483 in 2006.  TheStreet.com was founded by Jim Cramer, the financial TV personality that was embarrassed by Jon Stewart.

[via BusinessInsider]

Jim Cramer is co-founder of TheStreet.com, Inc. (NASDAQ:TSCM).   The site was started around 1996 and is currently valuated around $113.60 million.  While Cramer became very busy with his CNBC show, Mad Money w/ Jim Cramer, he has decided to step up as Chairman of the company he started.  

This will allow Thomas J. Clarke, the current CEO of TheStreet.com to “focus on navigating the company through this difficult economic environment.”  Prior to this announcement, Clarke was both CEO and Chairman.  At the end of this quarter, TheStreet reported $16.7 million in revenue.  This is up from last year’s $16.1 million in the same quarter.

“Our quarterly results reflect the revenue impact of the weakened online advertising market,” stated Clarke. “While we remain committed to investing in our growth initiatives, we are reviewing our cost structure, as is prudent, in this difficult environment. Our strong balance sheet, with $80 million in cash and no bank debt, ensures we are particularly well positioned to navigate these headwinds.”  

[image: FlyGuy92586]

TheStreet.com, Inc.[1] is a company that was founded in 1996 by Jim Cramer.  TheStreet.com had an IPO in May 1999 through NASDAQ under the stock ticker symbol: TSCM and reported their first annual profit in 2005.  TheStreet has been offering financial information about stocks, financial institutions, HMOs, mutual funds, etc. since 1996 and has been viewed as a trustworthy source for financial professionals everywhere.

An example of Cramer’s ascendany is when Stephen Paternot pointed out in his book, A Very Public Offering: A Rebel’s Story of Business Excess, Success, and Reckoning[2], that Cramer was picking on Theglobe.com more than other dot-com strugglers[3].  Theglobe.com is a website that formerly provided free web hosting and the ability to have community interactions.  Today, Theglobe.com is a travel website that was sued by MySpace.com for spamming[4].

Eleven years after TheStreet.com was founded, the company sent out a press release today that the company will be launching a blog search engine specializing on financial information called StockBlogr (Side comment: Notice the missing “ge?”  It sounds very Web 2.0ish).

“StockBlogr stands out from other search engines currently available online,” stated James Altucher, the President of Stockpickr.com. “It’s what users want access to, on time, all the time – in an environment where they don’t have to weed through clutter to find what they are looking for. StockBlogr is a reliable resource for consumers who would otherwise not have a clear path to the very tools depended upon by professional money managers to gain an edge in collecting timely information to make successful financial decisions.”  Stockpickr.com is a subsidiary of TheStreet.com.

As users plug keywords into the search, the engine will return blog posts, links from relevant portfolios on Stockpickr.com, and videos from various sources. 

The StockBlogr search engine is embedded on thestreet.com at http://www.thestreet.com/blogsearch[5].

[1] TheStreet.com
[2] Amazon.com: A Very Public Offering: A Rebel’s Story of Business Excess, Success, and Reckoning [Hardcover book]
[3] TheStreet.com: Spinning theglobe: The Net Bubble Through the Eyes of Callow Youth
[4] Pulse 2.0: MySpace.com Vs. TheGlobe.com Lawsuit Settled
[5] TheStreet.com: StockBlogr