Wuerth While Wily Wakenings: June 2019

Sunday, June 30, 2019

Merck Top-Tier Executives Average Pay Raise Was 11.9% Per Year During the Past Ten Years (2009-2018)

From Company Proxy Statement filings with the SEC, below are the Merck Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.

Pfizer is the twelfth Dow Industrial Company I have researched on Top-Tier Executives Average Long-term % Pay Raises Per Year. Its 11.9% is significantly above fellow large drug company Pfizer's 8.5%.

Merck's Top-Tier Executive's Average Pay was $10.290 mil in 2018, roughly the same as Pfizer's $10.147 mil, but about half that of both JPMorgan Chase's $21.201 mil and Goldman Sachs's $20.046 mil. So just how do these people relatively contribute to society? I suggest health care drugs are substantially more critical to society than just moving money.

The US Government should pass wisely-designed Fair Pay Raise Income Inequality Narrowing tax incentives ..... the carrot ..... and wise tax disincentives ..... the stick.

The US Government should also require all US Corporate Boards to include at least one worker representative or else Income Inequality will never narrow.

I will continue this same research for many other large US Companies to get a better handle on just why the US has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative annual pay raise percentages.

	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE
Merck	2018	2017	2017	2016	2016	2015	2015	2014	2014	2013
Top-Tier	Total	Total	Total	Total	Total	Total	Total	Total	Total	Total
Executive	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp
	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s

Frazier	20,935	17,643	17,643	21,781	21,781	24,208	24,208	25,029	25,029	13,376
Davis	6,621	6,311	6,311	7,519	7,519	7,319	N/A	N/A
Perlmutter	7,099	6,834	6,834	7,100	7,100	8,301	8,301	8,243	N/A	N/A
Schechter	6,505	7,850	7,850	8,273	8,273	7,509	7,509	10,327	10,327	5,143
Holston	N/A	N/A	4,445	4,332	4,332	4,194	N/A	N/A

Totals	41,160	38,638	43,083	49,005	49,005	51,531	40,018	43,599	35,356	18,519

Annual % Change	6.5%		-12.1%		-4.9%		-8.2%		90.9%




	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE
Merck	2013	2012	2012	2011	2011	2010	2010	2009	2009	2008
Top-Tier	Total	Total	Total	Total	Total	Total	Total	Total	Total	Total
Executive	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp
	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s

Frazier	13,376	15,460	15,460	13,348	13,348	9,440	9,440	5,032	5,032	5,818
Schechter	5,143	7,731	7,731	6,540	N/A	N/A
Kellogg	4,898	5,745	5,745	5,369	5,369	6,138	6,138	3,562	3,562	3,172
Kuhlik	3,619	4,601	4,601	3,975	3,975	5,205	5,205	2,531	2,531	3,011
Kim			6,519	5,988	5,988	6,519	6,519	3,934	3,934	4,752
Clark					N/A	N/A	24,573	15,810	15,810	22,349

Totals	27,036	33,537	40,056	35,220	28,680	27,302	51,875	30,869	30,869	39,102

Annual % Change	-19.4%		13.7%		5.0%		68.0%		-21.1%

10 Year Avg Per Year % Change		11.9%

Pfizer Top-Tier Executives Average Pay Raise Was 8.5% Per Year During the Past Eleven Years (2008-2018)

From Company Proxy Statement filings with the SEC, below are the Pfizer Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent eleven years.

Pfizer is the eleventh Dow Industrial Company I have researched on Top-Tier Executives Average % Pay Raises Per Year. Its 8.5% is below fellow health care company UnitedHealth Group's 10.9%.

Surprising to me, Pfizer's Top-Tier Executive's Average Pay was $10.147 mil in 2018, about half that of both JPMorgan Chase's $21.201 mil and Goldman Sachs's $20.046 mil. So just how do these people relatively contribute to society? I suggest health care drugs are substantially more critical to society than just moving money.

The US Government should pass wisely-designed Fair Pay Raise Income Inequality Narrowing tax incentives ..... the carrot ..... and wise tax disincentives ..... the stick.

	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE
Pfizer	2018	2017	2017	2016	2016	2015	2015	2014	2014	2013
Top-Tier	Total	Total	Total	Total	Total	Total	Total	Total	Total	Total
Executive	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp
	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s

Read	19,549	27,914	27,914	17,321	17,321	17,988	17,988	23,283	23,283	18,948
D'Amelio	7,140	8,298	8,298	7,694	7,694	6,670	6,670	8,483	8,483	7,124
Bouria	9,855	8,836	8,836	8,870	N/A	N/A
Dolsten	7,070	7,671	7,671	8,228	8,228	6,058	6,058	7,275	7,275	6,453
Young	7,122	11,506	11,506	7,396	7,396	5,919	5,919	7,250	7,250	5,296
Germano					N/A	N/A	6,783	9,556	9,556	5,254

Totals	50,736	64,225	64,225	49,509	40,639	36,635	43,418	55,847	55,847	43,075

Annual % Change	-21.0%		29.7%		10.9%		-22.3%		29.7%




	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE	FYE
Pfizer	2013	2012	2012	2011	2011	2010	2010	2009	2009	2008	2008	2007
Top-Tier	Total	Total	Total	Total	Total	Total	Total	Total	Total	Total	Total	Total
Executive	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp	Comp
	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s	$ 000s

Read	18,948	25,634	25,634	25,013	25,013	17,396	17,396	9,448	9,448	7,629	7,629	4,561
D'Amelio	7,124	7,387	7,387	7,691	7,691	6,500	6,500	7,860	7,860	6,979	6,979	12,339
Dolsten	6,453	6,839	6,839	6,977	6,977	5,904	N/A	N/A
Young	N/A	N/A
Germano	5,254	7,312	7,312	6,402	6,402	4,812	N/A	N/A
Schulman	N/A	N/A	5,573	5,765	N/A	N/A
Kindler							N/A	N/A	14,898	15,548	15,548	13,075
Mackay									5,879	6,719	6,719	3,590

Totals	37,779	47,172	52,745	51,848	46,083	34,612	23,896	17,308	38,085	36,875	36,875	33,565

Annual % Change	-19.9%		1.7%		33.1%		38.1%		3.3%		9.9%

11 Year Avg Per Year % Change		8.5%