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% |