Iridium Communications Management
Management criteria checks 2/4
Iridium Communications' CEO is Matt Desch, appointed in Sep 2006, has a tenure of 17.58 years. total yearly compensation is $9.02M, comprised of 10.9% salary and 89.1% bonuses, including company stock and options. directly owns 0.68% of the company’s shares, worth $24.61M. The average tenure of the management team and the board of directors is 11.3 years and 13.5 years respectively.
Key information
Matt Desch
Chief executive officer
US$9.0m
Total compensation
| CEO salary percentage | 10.9% |
| CEO tenure | 17.6yrs |
| CEO ownership | 0.7% |
| Management average tenure | 11.3yrs |
| Board average tenure | 13.5yrs |
Recent management updates
Recent updates
Iridium Communications Is A Momentum Buy On Forward Growth Potential
Apr 25Iridium Communications (NASDAQ:IRDM) Has A Pretty Healthy Balance Sheet
Mar 24
Iridium Communications Is Nearing Buy Territory
Feb 26Solid Earnings Reflect Iridium Communications' (NASDAQ:IRDM) Strength As A Business
Feb 22Some Shareholders Feeling Restless Over Iridium Communications Inc.'s (NASDAQ:IRDM) P/S Ratio
Feb 05We Like These Underlying Return On Capital Trends At Iridium Communications (NASDAQ:IRDM)
Jan 21Is Iridium Communications Inc. (NASDAQ:IRDM) Potentially Undervalued?
Jan 05Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
Dec 04Iridium Communications (NASDAQ:IRDM) Will Be Hoping To Turn Its Returns On Capital Around
Oct 02Is Iridium Communications (NASDAQ:IRDM) Using Too Much Debt?
Sep 05At US$60.97, Is It Time To Put Iridium Communications Inc. (NASDAQ:IRDM) On Your Watch List?
Jul 24Iridium Communications (NASDAQ:IRDM) Has More To Do To Multiply In Value Going Forward
Jun 08Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
May 24Estimating The Intrinsic Value Of Iridium Communications Inc. (NASDAQ:IRDM)
May 05Should You Think About Buying Iridium Communications Inc. (NASDAQ:IRDM) Now?
Apr 17Shareholders Will Be Pleased With The Quality of Iridium Communications' (NASDAQ:IRDM) Earnings
Feb 23Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
Feb 09Estimating The Intrinsic Value Of Iridium Communications Inc. (NASDAQ:IRDM)
Jan 18Iridium Communications' (NASDAQ:IRDM) Returns On Capital Not Reflecting Well On The Business
Dec 06Iridium Communications Q3 2022 Earnings Preview
Oct 19Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
Oct 17Iridium Communications Inc. (NASDAQ:IRDM) Shares Could Be 50% Below Their Intrinsic Value Estimate
Sep 29Iridium announces ninth SpaceX launch
Sep 08Capital Allocation Trends At Iridium Communications (NASDAQ:IRDM) Aren't Ideal
Sep 04Iridium Communications: A Great Company At A Fair Price
Aug 03Iridium Communications Q2 2022 Earnings Preview
Jul 25Does Iridium Communications (NASDAQ:IRDM) Have A Healthy Balance Sheet?
Jul 16Iridium Communications' (NASDAQ:IRDM) Returns On Capital Tell Us There Is Reason To Feel Uneasy
May 22Iridium Communications: An Even Better Way To Play The Space Economy Today
May 15CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$25m |
| Dec 31 2023 | US$9m | US$981k | US$15m |
| Sep 30 2023 | n/a | n/a | -US$23m |
| Jun 30 2023 | n/a | n/a | -US$20m |
| Mar 31 2023 | n/a | n/a | US$16m |
| Dec 31 2022 | US$7m | US$952k | US$9m |
| Sep 30 2022 | n/a | n/a | US$4m |
| Jun 30 2022 | n/a | n/a | -US$588k |
| Mar 31 2022 | n/a | n/a | -US$1m |
| Dec 31 2021 | US$5m | US$956k | -US$9m |
| Sep 30 2021 | n/a | n/a | -US$11m |
| Jun 30 2021 | n/a | n/a | -US$13m |
| Mar 31 2021 | n/a | n/a | -US$30m |
| Dec 31 2020 | US$4m | US$957k | -US$56m |
| Sep 30 2020 | n/a | n/a | -US$156m |
| Jun 30 2020 | n/a | n/a | -US$170m |
| Mar 31 2020 | n/a | n/a | -US$178m |
| Dec 31 2019 | US$4m | US$927k | -US$166m |
| Sep 30 2019 | n/a | n/a | -US$68m |
| Jun 30 2019 | n/a | n/a | -US$65m |
| Mar 31 2019 | n/a | n/a | -US$51m |
| Dec 31 2018 | US$3m | US$900k | -US$24m |
| Sep 30 2018 | n/a | n/a | US$124m |
| Jun 30 2018 | n/a | n/a | US$164m |
| Mar 31 2018 | n/a | n/a | US$192m |
| Dec 31 2017 | US$3m | US$874k | US$218m |
Compensation vs Market: Matt's total compensation ($USD9.02M) is above average for companies of similar size in the US market ($USD6.59M).
Compensation vs Earnings: Matt's compensation has increased by more than 20% in the past year.
CEO
Matt Desch (65 yo)
17.6yrs
Tenure
US$9,017,273
Compensation
Mr. Matthew J. Desch, also known as Matt, has been the Chief Executive Officer at Iridium Satellite LLC since September 21, 2006. Mr. Desch has been the Chief Executive Officer of Iridium Communications In...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 17.6yrs | US$9.02m | 0.68% $ 24.6m | |
| CFO, Chief Administrative Officer & Director | 14yrs | US$3.59m | 0.12% $ 4.3m | |
| COO & Director | 5.2yrs | US$3.36m | 0.073% $ 2.6m | |
| Executive Vice President of Sales & Marketing | 11.3yrs | US$2.18m | 0.034% $ 1.2m | |
| Executive Vice President of Government Programs | 11.3yrs | US$2.15m | 0.094% $ 3.4m | |
| Chief Technical Officer | 2.8yrs | no data | no data | |
| VP & Chief Information Officer | 2.3yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Legal Officer & Company Secretary | 2.3yrs | no data | 0.021% $ 739.8k | |
| President & CEO of Aireon LLC | 12.3yrs | US$1.29m | no data |
11.3yrs
Average Tenure
59yo
Average Age
Experienced Management: IRDM's management team is seasoned and experienced (11.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 14.6yrs | US$9.02m | 0.68% $ 24.6m | |
| CFO, Chief Administrative Officer & Director | 10.7yrs | US$3.59m | 0.12% $ 4.3m | |
| COO & Director | 3.9yrs | US$3.36m | 0.073% $ 2.6m | |
| Independent Director | 3.1yrs | US$245.00k | 0.015% $ 523.5k | |
| Independent Chairman of the Board | 16.2yrs | US$377.52k | 0.11% $ 3.8m | |
| Independent Director | 16.2yrs | US$250.00k | 0.030% $ 1.1m | |
| Member of Government Advisory Board | no data | no data | no data | |
| Independent Director | 14.6yrs | US$327.98k | 0.33% $ 12.0m | |
| Member of Government Advisory Board | no data | no data | no data | |
| Chairman of The Government Advisory Board | no data | no data | no data | |
| Independent Director | 12.3yrs | US$343.26k | 0.0041% $ 147.1k | |
| Member of The Government Advisory Board | no data | no data | no data |
13.5yrs
Average Tenure
67yo
Average Age
Experienced Board: IRDM's board of directors are seasoned and experienced ( 13.5 years average tenure).