Investing
24/7 Wall St. Most Overpaid CEO Of The Day: TW Telecom (TWTC) CEO Larissa Herda
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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
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