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Investing

Most Overpaid CEO Of The Day: Jeff Ganek CEO Of NeuStar (NSR)

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By Douglas A. McIntyre Updated Published

Cammonopoly_wideweb__430x3250Some days a management cannot do anything right. In the case of NeuStar (NSR), those days have stretched into years.

The company reported quarterly results which were net income totaled $28.4 million, or $.38 per share, compared with $25.7 million, or $.32, in the third quarter of 2007. But, what upset investors was guidance. NSR expects full year revenue of $485 to $490 million. Previous guidance was for 2008 revenue to range between $500 and $515 million

Jeff Ganek, NeuStar’s CEO has been well rewarded for doing poorly. Last year his total compensation was over $2.3 million including a base salary of $553,000. He has a nice severance package as well, which the board may have to turn to if the company does not start to do better.

NeuStar’s shares are down 20% today at $15, not far from their 52-week low and well off their period high of $35.01.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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