TW Telecom (TWTC) lowered its guidance yesterday. Its shares were promptly downgraded by Citigroup and Merriman Curhan Ford.

All of that caused TWTC shares to drop 14% to a 52-week low of $11.57, down from a period high of $24.

TW Telecom’s CEO Larissa Herda has been doing unusually well with a base salary of $800,000 last year and total compensation of almost $5.3 million.

Herda got a bump to $850,000 for 2008. Nice income for the CEO at a company which has lost half of its market cap.

Douglas A. McIntyre