Telesat Corporation

TSX:TSAT Stock Report

Market Cap: CA$857.4m

Telesat Management

Management criteria checks 2/4

Telesat's CEO is Dan Goldberg, appointed in Sep 2006, has a tenure of 18.17 years. total yearly compensation is CA$11.46M, comprised of 12.5% salary and 87.5% bonuses, including company stock and options. directly owns 5.88% of the company’s shares, worth CA$50.38M. The average tenure of the management team and the board of directors is 4.9 years and 3 years respectively.

Key information

Dan Goldberg

Chief executive officer

CA$11.5m

Total compensation

CEO salary percentage12.5%
CEO tenure18.2yrs
CEO ownership5.9%
Management average tenure4.9yrs
Board average tenure3yrs

Recent management updates

Recent updates

Market Might Still Lack Some Conviction On Telesat Corporation (TSE:TSAT) Even After 37% Share Price Boost

Oct 17
Market Might Still Lack Some Conviction On Telesat Corporation (TSE:TSAT) Even After 37% Share Price Boost

Returns On Capital At Telesat (TSE:TSAT) Paint A Concerning Picture

Oct 04
Returns On Capital At Telesat (TSE:TSAT) Paint A Concerning Picture

Investors Still Aren't Entirely Convinced By Telesat Corporation's (TSE:TSAT) Earnings Despite 25% Price Jump

Aug 28
Investors Still Aren't Entirely Convinced By Telesat Corporation's (TSE:TSAT) Earnings Despite 25% Price Jump

Telesat (TSE:TSAT) Takes On Some Risk With Its Use Of Debt

Aug 15
Telesat (TSE:TSAT) Takes On Some Risk With Its Use Of Debt

Telesat Corporation's (TSE:TSAT) Share Price Boosted 30% But Its Business Prospects Need A Lift Too

May 29
Telesat Corporation's (TSE:TSAT) Share Price Boosted 30% But Its Business Prospects Need A Lift Too

We Think You Should Be Aware Of Some Concerning Factors In Telesat's (TSE:TSAT) Earnings

Apr 04
We Think You Should Be Aware Of Some Concerning Factors In Telesat's (TSE:TSAT) Earnings

Telesat Corporation (TSE:TSAT) Looks Inexpensive But Perhaps Not Attractive Enough

Feb 29
Telesat Corporation (TSE:TSAT) Looks Inexpensive But Perhaps Not Attractive Enough

The Returns At Telesat (TSE:TSAT) Aren't Growing

Sep 20
The Returns At Telesat (TSE:TSAT) Aren't Growing

These Return Metrics Don't Make Telesat (TSE:TSAT) Look Too Strong

Mar 08
These Return Metrics Don't Make Telesat (TSE:TSAT) Look Too Strong

Telesat (TSE:TSAT) May Have Issues Allocating Its Capital

Nov 23
Telesat (TSE:TSAT) May Have Issues Allocating Its Capital

A Look At The Fair Value Of Telesat Corporation (TSE:TSAT)

Oct 05
A Look At The Fair Value Of Telesat Corporation (TSE:TSAT)

Telesat's (TSE:TSAT) Problems Go Beyond Weak Profit

Aug 13
Telesat's (TSE:TSAT) Problems Go Beyond Weak Profit

Estimating The Intrinsic Value Of Telesat Corporation (TSE:TSAT)

May 19
Estimating The Intrinsic Value Of Telesat Corporation (TSE:TSAT)

Investors Don't See Light At End Of Telesat Corporation's (TSE:TSAT) Tunnel And Push Stock Down 26%

Apr 06
Investors Don't See Light At End Of Telesat Corporation's (TSE:TSAT) Tunnel And Push Stock Down 26%

CEO Compensation Analysis

How has Dan Goldberg's remuneration changed compared to Telesat's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

CA$30m

Mar 31 2024n/an/a

CA$134m

Dec 31 2023CA$11mCA$1m

CA$157m

Sep 30 2023n/an/a

CA$169m

Jun 30 2023n/an/a

CA$112m

Mar 31 2023n/an/a

-CA$30m

Dec 31 2022CA$9mCA$1m

-CA$24m

Sep 30 2022n/an/a

-CA$3m

Jun 30 2022n/an/a

CA$3m

Mar 31 2022n/an/a

CA$58m

Dec 31 2021CA$64mCA$1m

CA$93m

Sep 30 2021n/an/a

CA$297m

Jun 30 2021n/an/a

CA$456m

Mar 31 2021n/an/a

CA$565m

Dec 31 2020CA$4mCA$1m

CA$245m

Sep 30 2020n/an/a

-CA$7m

Jun 30 2020n/an/a

-CA$237m

Mar 31 2020n/an/a

-CA$263m

Dec 31 2019CA$6mCA$1m

CA$187m

Sep 30 2019n/an/a

-CA$2m

Jun 30 2019n/an/a

CA$238m

Mar 31 2019n/an/a

CA$96m

Dec 31 2018CA$17mCA$1m

-CA$91m

Compensation vs Market: Dan's total compensation ($USD8.13M) is above average for companies of similar size in the Canadian market ($USD1.81M).

Compensation vs Earnings: Dan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Dan Goldberg (58 yo)

18.2yrs

Tenure

CA$11,458,736

Compensation

Mr. Daniel S. Goldberg, also known as Dan, serves as Independent Director for Algonquin Power & Utilities Corp. since March 28, 2022. He serves as President and Chief Executive Officer at Loral Space & Com...

Leadership Team

NamePositionTenureCompensationOwnership
Daniel Goldberg
President18.2yrsCA$11.46m5.88%
CA$ 50.4m
Andrew Browne
Chief Financial Officer4.9yrsCA$3.54m1.06%
CA$ 9.1m
David Wendling
Chief Technical Officer17.1yrsCA$2.17m0.73%
CA$ 6.2m
Michael Schwartz
Senior Vice President of Corporate & Business Developmentno dataCA$3.07m2.22%
CA$ 19.0m
Glenn Katz
Chief Commercial Officer3.1yrsCA$3.15m0.60%
CA$ 5.2m
Christopher DiFrancesco
VP, General Counsel & Secretary15.8yrsno data0.69%
CA$ 5.9m
John Flaherty
Vice President of Business Planning & Marketing11.8yrsno data0.43%
CA$ 3.7m
France Teasdale
Vice President of People2.8yrsno data0.012%
CA$ 98.9k
Michèle Beck
Senior Vice President of Canadian Sales3.8yrsno data0.50%
CA$ 4.3m
Michael Bolitho
Director of Treasury & Risk Managementno datano data0.013%
CA$ 111.5k
Philip Harlow
President of Telesat Government Solutions1.9yrsno datano data

4.9yrs

Average Tenure

58.5yo

Average Age

Experienced Management: TSAT's management team is considered experienced (4.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Daniel Goldberg
President3yrsCA$11.46m5.88%
CA$ 50.4m
Guthrie Stewart
Independent Director3yrsCA$182.53kno data
Michael Boychuk
Independent Director3yrsCA$200.03kno data
Janet Yeung
Independent Director1.3yrsCA$72.37k0.10%
CA$ 854.0k
Mark Rachesky
Independent Chairman3yrsCA$190.02k0.33%
CA$ 2.8m
Michael Targoff
Director3yrsCA$175.11k0.73%
CA$ 6.3m
Henry Intven
Independent Director4.1yrsCA$200.03kno data
A. Craighead
Independent Director3yrsCA$207.52kno data
Richard Fadden
Independent Director3yrsCA$182.53kno data
David Morin
Independent Director1.8yrsno datano data

3.0yrs

Average Tenure

66.5yo

Average Age

Experienced Board: TSAT's board of directors are considered experienced (3 years average tenure).