Tuesday, July 2, 2019

3M Co Top-Tier Executives Average Pay Raise Was a Blistering 18.9% Per Year During the Past Ten Years (2009-2018)

From Company Proxy Statement filings with the SEC, below are the 3M Co Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.

3M is the 16th Dow Industrial Company I have researched on Top-Tier Executives Average Long-term % Pay Raises Per Year.  Its Blistering 18.9% per year is the third highest of the 16 Dow Companies.  

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

The US Government should also require all US Corporate Boards to include at least one worker representative. 

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
3M Co 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
Thulin     13,530     20,535     20,535     16,670     16,671     19,441     19,441     20,116     20,116     16,389
Roman     12,865       6,805       6,805       5,017  N/A   N/A 
Gangestad       7,739       9,247       9,247       5,836       5,834       5,125       5,125       4,119  N/A   N/A 
Shin       6,253       6,420       6,420       4,856       4,856       4,490       6,976       3,167
Delgado       4,554       4,073                
Vale       4,517       4,092       4,092       5,308  N/A   N/A 
Meline
Totals     40,387     43,007     43,007     32,379     36,432     37,221     28,658     29,543     27,092     19,556
Annual % Change -6.1% 32.8% -2.1% -3.0% 38.5%
  FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
3M Co 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
Thulin     16,389     14,784     14,784       5,360       5,360       4,908       4,908       3,531       3,531       5,720
Shin       3,167       3,325       3,325       4,301       4,301       4,833  N/A   N/A     
Meline       4,641       3,899       3,899       3,552  N/A   N/A     
Sauer       3,659       3,161  N/A   N/A 
Fong  N/A   N/A         
Buckley  N/A   N/A      25,401     23,709     23,709     14,936     14,936     12,316
Campbell  N/A   N/A        6,450       4,490       4,490       4,532
Sauer       3,354       5,331
Totals     27,856     25,169     22,008     13,213     35,062     33,450     35,067     22,957     26,311     27,899
Annual % Change 10.7% 66.6% 4.8% 52.8% -5.7%
10 Year Avg Per Year % Change 18.9%