Thursday, June 27, 2019

Verizon Communications Top-Tier US Executives Average Pay Raise Was 11.5% Per Year During the Past Ten Years (2009-2018)

From SEC Proxy Statement Filings, below are the Verizon Communications Company's Top-Tier US Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.

Verizon is the sixth Dow Industrial Company I have researched on Top-Tier Executives Average % Pay Raises Per Year.
  
The US Government should 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.


FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Verizon 2018 2017 2017 2016 2016 2015 2015 2014 2014 2013 2013 2012
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
Vestberg  N/A   N/A 
McAdam     18,638     17,938     17,938     17,675     17,675     18,344     18,344     18,307     18,307     15,827     15,827     14,049
Stratton     15,647     13,540     13,540       7,041       7,041       7,057       7,057       6,344       6,344       5,575       5,575       5,061
Reed       7,352       6,267       6,267       6,173  N/A   N/A     
Ellis       7,061       5,649       5,649       2,697  N/A   N/A     
Walden       7,257       6,748       6,748       6,801  N/A   N/A   N/A 
Shammo       7,205       7,241       7,241       6,499       6,499       5,941       5,941       5,215
Mead       8,329       7,678       7,678       7,181       7,181       6,400
Milch       5,620       5,030       5,030       4,726
Totals     48,698     43,394     50,651     40,334     38,669     39,443     40,971     38,828     44,448     39,554     39,554     35,451
Annual % Change 12.2% 25.6% -2.0% 5.5% 12.4% 11.6%
FYE FYE FYE FYE FYE FYE FYE FYE
Verizon 2012 2011 2011 2010 2010 2009 2009 2008
Top-Tier Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Milch       4,726       4,566  N/A   N/A     
Seidenberg     26,455     31,948     31,948     24,418     17,534     20,333
McAdam     14,049     23,120     23,120       7,196       7,196     10,273     10,273       7,636
Ruesterholz       5,401       4,823
Mead       6,400       5,661       5,661       4,182  N/A   N/A     
Shammo       5,215       5,051       5,051       4,160  N/A   N/A     
Stratton  N/A   N/A     
Killian       7,405       9,794  N/A   N/A 
Strigl     29,121     12,268
Toben       9,390       7,145
Barr
Totals     30,390     38,398     65,688     52,309     46,549     44,485     66,318     47,382
Annual % Change -20.9% 25.6% 4.6% 40.0%
10 Year Avg Per Year % Change 11.5%