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Investing

Most Overpaid CEO Of The Day: Ron Snyder Of Crocs (CROX)

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By Douglas A. McIntyre Updated Published
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CrocsLeave aside being overpaid. It is stunning that Ron Snyder, CEO of Crocs (CROX), can keep his job. After repeated earnings disappointments, shares in the company hit a 52-week low today of $.79, down from the period high of $46.80.

Crocs reported a net loss of $148 million for the third quarter  compared with net income of $57 million in the period a year ago. Revenue dropped 32% to $174 million from $256 million. Wall St estimates were for sales of $202 million.

But, it was guidance that bled the stock price out. Crocs estimated a Q4 loss of $.50 to $.65 a share on revenue of $100 million to $120 million. Analysts estimates were for sales of $186 million.

CEO Snyder made almost $7 million last year with a base salary of $800,000 and $3.2 million in deferred compensation.

Crocs market cap fell to about $75 million today.

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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