Gogo Inc. CEO Oakleigh Thorne Salary & Net Worth

Gogo Inc. CEO Oakleigh Thorne Salary & Net Worth

Who Is Oakleigh Thorne?

Oakleigh Thorne has been the CEO of Gogo Inc. for quite some time. Furthermore, he received the position of Chairman on December 31 of 2020 because of the retirement of his predecessor. As such, Thorne is now even more influential at a major provider of in-flight broadband Internet and other connectivity services for commercial aircraft that brings in hundreds of millions of dollars in revenue on an annual basis.

What Is Oakleigh Thorne's Salary?

2
ADVERTISEMENT

Thorne's compensation increased in 2020 when compared with 2019. However, it is interesting to note that his compensation was highest in 2018. Presumably, this is connected to the fact that Gogo Inc. named Thorne its new CEO in said year.

Regardless, Thorne received a total compensation of $3,139,347 in 2020. Most of this came from his cash-based compensation, which consisted of $562,685 in base salary and $1,750,000 in bonus plus other non-equity-based incentives. Besides this, Thorne also received $498,822 in stock awards as well as $327,840 in option awards.

For comparison, Thorne received a total compensation of $2,675,891 in 2019. His base salary was higher at $700,000 in that year. However, he received less in cash-based compensation because his bonus plus other non-equity-based incentives worked out to $1,003,993. Thorne did receive more in equity-based compensation because of $480,425 in stock awards and $491,473 in option awards.

As for 2018, Thorne received relatively little in cash-based compensation, which consisted of $591,429 in base salary and $225,289 in bonus plus other non-equity-based incentives. Instead, most of his $5,063,313 in total compensation in that year came from his $3,866,624 in option awards. Something that outstripped everything else put together in 2018. Curiously, Thorne also received $175,000 in other forms of compensation, which he did not in either 2020 or 2019.

What Is Oakleigh Thorne's Net Worth

3
ADVERTISEMENT

There is very little information available about Thorne's net worth. Curious individuals should know that there is one estimate that says his net worth is at least $6.4 million as of March of 2021. The problem is that this is based on nothing but his ownership of Gogo Inc. stocks plus his compensation in a single year. As such, said estimate is very patchwork, particularly since it fails to take into account the fact that Thorne has held multiple senior management positions before he signed up with Gogo Inc. Still, this state of affairs is very common when it comes to something as private as someone's accumulated wealth.

What Do We Know about Oakleigh Thorne's Personal Life?

4
ADVERTISEMENT

Speaking of which, there isn't much information about Thorne's personal life either. He studied journalism when he went to Boston University. After which, Thorne went on to get a MBA in accounting and finance from Columbia Business School. It is interesting to note that Thorne was the CEO of Thorndale Farm LLC, which is stated to be his family's family office. Those who are unfamiliar should know that family offices are privately held companies that handle investment as well as other wealth management matters for wealthy families, so it seems safe to say that Thorne came from a very well-off background.

Up Next!