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Peter J. Dalton served as the CEO of Globalstar, Inc. from July 2009 until July 2011. Before taking the helm at Globalstar, he was already part of the company's board since 2004, where he notably contributed as Chair of the...

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Peter J. Dalton

Ex-CEO of Globalstar

Education

MBA from Harvard Business School

Field of Expertise

Business & Management

Sector of Economy

Communication Services

Born

May 15, 1946 - 79 years ago

CEO of Globalstar for

2 years 6 months (Jan 2009 - Jul 2011)

Previous Experience

CEO of Dalton Enterprises

Rivals

Competitors/colleagues of Peter J. Dalton

Holdings

See how much did Peter J. Dalton make over time.

At Globalstar, Dalton's stock options were noteworthy. After starting in 2009, he was granted options to purchase 3 million shares at $0.83 each, with 1.5 million immediately vested. This significant option structure meant his financial success was closely tied to...

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Insider Trading

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Compensation History

See how much did Peter J. Dalton make over time.

Peter J. Dalton’s compensation during his time at Globalstar showcased an interesting approach. In 2011, his total compensation was $313,791, with a large part coming from his annual salary of $246,462. Unlike many executives, he received no bonuses, stock awards, or vested stock that year. This approach was part of a philosophy to attract and retain qualified leadership while focusing on performance metrics. In 2009, however, his total compensation reached higher figures with the potential of stock options valued at approximately $1.79 million linked to performance outcomes. His organizational role as CEO and the structure of his compensation reveal a hefty reliance on long-term company performance rather than short-term gains, which is increasingly popular in corporate governance discussions.

Year

2011

Total Compensation

$313.79K

Salary

$246.46K

Board Justification

The compensation philosophy aims to provide a conservative base salary and create incentives for retention and achievement of long-term business goals through stock or option bonus programs.

Bonus

$0.00

Board Justification

No cash bonus was awarded to Mr. Dalton for the year 2011.

Other

$67.33K

Board Justification

This includes $30,000 in consulting fees and $37,329 payment of accrued vacation time upon retirement in July 2011.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested for Mr. Dalton in 2011.

Performance Metrics

The performance metrics for determining compensation include the achievement of corporate goals and objectives relevant to the compensation of executive officers.

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