Jim Cramer just hates unfair pay packages for corporate bigwigs who get it wrong: a recent decision to overlook mortgage losses and preserve executive bonuses won the board of Washington Mutual a place on the CNBC anchor's Wall of Shame. But Cramer's own compensation bears no relation to his track record as a financial analyst.

A recent study showed the TV host's recommendations had underperformed the market by 10 percentage points over two years. The punishment? Cramer's salary at TheStreet.com, the website where he makes many of the same predictions, is to increase from last year's $1.0m to $1.87m in 2010. (After the jump, a slightly unfair clip showing Cramer's changing tune during the collapse of Bear Sterns.)