Jim:     We have got some space on the Wall of Shame… that is just crying out to be filled out by you… I have taken your nominations for which of the world’s worst CEO’s, the most incompetent executives, serial destroyers of value, who could instantly cause their stocks to rally, simply by announcing that they are going to retire in order to spend more time with their families.

The first new face… loyal Cramerican Jim, emailed us nominating C. Dowd Ritter, the CEO of Regions Financial, he looks like a nice man… so Cramerica has spoken… now Sheila Bair, the head of the FDIC has said recently on Mad Money, that bank CEO’s need to be evaluated and some may be replaced… I think that it is time that she stopped leaning on Citigroup and new Cramer fave Vicky Pandit… and focus on Ritter and Regions Financial… how bad do I think this man is… now look, I am absolutely sure that this is nothing personal, he is a sweetheart… so I am going to let the numbers speak for themselves… because the story that they tell is about as shameful as it gets.

Now, Ritter took over Regions on November 4, 2006, after it merged with Amsouth… the stock at that point opened at $37.66, on November 6th… that was the first day of trading after Ritter’s appointment… it is now at $4.07, so lets figure out, that is a 89% loss since the guy took over… sub par… some would say terrible.. Ritter is so good at pouring money down the drain with Drano.. that he kind of reminds me of the banker in Monopoly… the guy who commits the bank error in your favor and gives the banks money away… Mr. Ritter, do not pass go.. do not collect your salary.

Now Regions Financial is not a victim of fate or geography… it is a southern bank… it is the largest bank in Alabama… it is in Alabama, Tennessee, Florida, Mississippi, Louisiana… other southern banks have done a whole lot better… just look at BP&T, it is down 49%, probably worse than a sharp stick in the eye… but to be honest, it is still better than an 89% decline… 89% is bad, it is kind of like the Detroit Lions last year… Regions is the 4th largest banks in Florida, which has been one of the states that has been the hardest hit by the housing collapse and the recession… that still does not excuse the banks underperformance… it has got so many bad loans on the books, that I almost think that it was going out of its way to make loans to people who can’t pay them… hey, can’t pay us, take out a loan.

About 9% of its loan portfolio is under stress… $8.6B worth… with $4.1B of that coming from loans to home builders… the absolute worst cohort… brilliant idea… another $3.7B in home equity loans… this is one of the banks that got a gentlemen’s C in the stress test… it was told to raise a quick $2.5B… so far the company has raised $1.85B towards that goal… secondary offering at $4 a share… roughly where the stock is now… that was on May 20th… if I were you, I would not touch this stock with a ten foot pole… as long as Mr. Dowd Ritter is in charge… alright, viewers you have spoken… Dowd Ritter you have earned your spot… a hallowed spot on the hallowed Wall Of Shame… now what I am begging you, is not to take it personally… but please do take the hint.

Let’s take some more nominations… and remember, these are yours… because it is not personal with me… this is simply business… no different from how I feel about the Yankees playing the Devil Raisers… something like that.

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