James Monroe III is the Executive Chairman of Globalstar, Inc., a company he has been part of since 2003. He previously served as CEO from 2005 to 2009 and again from 2011 to 2018. Notably, he does not take a...

James Monroe III is the Executive Chairman of Globalstar, Inc., a company he has been part of since 2003. He previously served as CEO from 2005 to 2009 and again from 2011 to 2018. Notably, he does not take a salary or bonuses, showing a unique approach to executive pay in a landscape where many leaders earn millions. Instead, Monroe is more focused on the long-term vision for Globalstar and its strategic direction in telecommunications. Monroe also controls Thermo, which owns a majority share of Globalstar, giving him significant influence over the company's operations. His background is quite diverse, encompassing investments and businesses in various fields, including telecommunications and real estate. This experience has positioned him as a key figure in shaping Globalstar's growth and further development in the satellite communications industry. Under his leadership, the company strives to enhance satellite services globally, aiming to meet the increasing demand for connectivity in our digital age.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Globalstar CEOs

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James Monroe III

Founder and Ex-CEO of Globalstar

Education

BS in Engineering from MIT

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Communication Services

Born

November 12, 1958 - 66 years ago

CEO of Globalstar for

7 years 1 month (Jul 2011 - Sep 2018)

Previous Experience

CEO of Thermo Companies

Rivals

Competitors/colleagues of James Monroe III

Holdings

See how much did James Monroe III make over time.

James Monroe III has a massive stake in Globalstar through his control of Thermo, which holds about 60% of the company's shares. At one point, his ownership represented close to 74% of the voting power if we consider convertibles and...

James Monroe III has a massive stake in Globalstar through his control of Thermo, which holds about 60% of the company's shares. At one point, his ownership represented close to 74% of the voting power if we consider convertibles and options. As of 2023, his influential role makes him one of the most significant players in satellite telecommunications. While he has chosen not to receive cash compensation, his financial involvement shows a deep commitment to the company's future. This strategy has allowed him to focus on building the company and its technologies rather than personal financial gain. His holdings fluctuate as he manages his interests within the company, but his substantial stake solidifies his position as a crucial decision-maker.

Mar 18, 2025

G

shares

GSAT @ $20.78

Total Stock Sold

$86.11M

GSAT

$86.11M

3,358,075.733 GSAT shares

What if they kept their stock?

If James Monroe III didn't sell their stock, today they would have:
Extra GSAT3,358,075.733 shares worth $16.35M.
This is -81.01% and $69.76M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of James Monroe III.

GSAT

$519.99K

GSAT at $20.80/share

Mar 18, 2025

Purchase

GSAT

22,831 shares

GSAT

Jan 6, 2025

Received

GSAT

$3.17M

GSAT at $2.11/share

Dec 26, 2024

Purchase

GSAT

$1.94M

GSAT at $1.94/share

Dec 23, 2024

Purchase

GSAT

$985.05K

GSAT at $1.97/share

Dec 20, 2024

Purchase

GSAT

$943.70K

GSAT at $1.89/share

Dec 19, 2024

Purchase

GSAT

$998.30K

GSAT at $2.00/share

Dec 18, 2024

Purchase

GSAT

$957.50K

GSAT at $1.92/share

Dec 17, 2024

Purchase

GSAT

$978.40K

GSAT at $1.96/share

Dec 16, 2024

Purchase

GSAT

$997.50K

GSAT at $2.00/share

Dec 13, 2024

Purchase

Compensation History

See how much did James Monroe III make over time.

James Monroe III's compensation is a unique case in the corporate world. He does not receive a salary or bonuses for his role at Globalstar. Instead, he opts out of traditional compensation structures that reward executives heavily. His decision to forgo cash compensation aligns with his long-term vision for the company. With no cash or stock grants reported in recent years, his focus remains on stability and strategic direction rather than short-term financial incentives. This unusual approach reflects his commitment to the company's future and aligns with a broader philosophy that values growth and sustainability over immediate financial gains. Monroe's commitment to Globalstar signals a dedication to leading from a position of responsibility rather than monetary reward.

Year

2018

Total Compensation

$0.00

Salary

$0.00

Board Justification

The company compensates its executive officers with a conservative base salary and incentivizes them to remain through stock-based compensation and discretionary bonuses. Mr. Monroe does not receive cash compensation for his role as Executive Chairman.

Bonus

$0.00

Board Justification

Mr. Monroe does not participate in any of our incentive compensation plans and does not receive a salary for his services as Executive Chairman.

Other

$0.00

Board Justification

Mr. Monroe does not receive any other compensation from the company.

Restricted Stock

$0.00(0 N/A)

Board Justification

Mr. Monroe did not receive any equity awards during 2018 and is not reflected in the equity compensation tables.

Performance Metrics

N/A

Other Globalstar CEOs

Here are other CEOs of Globalstar

Peter J. Dalton

Ex-CEO of Globalstar

January 2009 - July 2011

David Kagan

CEO of Globalstar

September 2018 - Present