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...
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 Audit Committee. Dalton is also the brains behind Dalton Partners, Inc., a company focused on turning around struggling businesses, and he's held CEO positions in other firms, like Clickhome Realty. His compensation during his time at Globalstar reflects a base salary of $360,000 in 2010, but it didn’t come with stock bonuses as the company aimed to focus on long-term performance. An interesting fact about Dalton is that upon his appointment, he received options to purchase 3,000,000 shares of Globalstar stock, with part of them tied to the company’s stock reaching a certain price. He decided to retire after two years in the role, which showed that even at high levels, turning a company around is a journey with ups and downs. Dalton’s unique blend of audit committee experience and turnaround management gives a glimpse into his strategic approach to business.