Friday, July 5, 2019

American Express Co Top-Tier Executives Average Pay Raise Was a Modest 1.8% Per Year During the Past 10 Years (2009-2018). Finally a Dow Industrial Co Whose Board of Directors Isn't Into Grade Inflation, Which Causes Annual Pay Raise Inequality Expansion, and Also Takes Corporate Social Responsibility Seriously.

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

American Express Co is the 22nd Dow Industrial Company I have researched so far on Top-Tier Executives Average Long-term % Pay Raises Per Year.  Its modest 1.8% per year is clearly the lowest of these 22 Dow Companies.  The second lowest is Coca Cola Co's 4.5% per year.  

In reading American Express Co's Proxy Statements, it's pretty clear to me that it takes Corporate Social Responsibility seriously, which emanates from the top.  If all US Corps did this, the horrible US Income Inequality Expansion would substantially narrow.


FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
American Express 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
Squeri     17,341     19,154     19,154     12,331     12,331     14,557     14,557     10,206     10,206       9,674
Chenault  N/A   N/A      18,611     17,464     17,464     21,988     21,988     22,796     22,796     21,837
Campbell     11,865       9,616       9,616       8,556       8,556       9,845       9,845     13,067  N/A   N/A 
Buckminster     10,328       9,434       9,434       5,324       5,324       4,459       4,459       8,003  N/A   N/A 
Marrs  N/A   N/A 
Williams  N/A   N/A 
Seeger       8,984       8,393       8,393       7,456  N/A   N/A         
Gilligan  N/A   N/A      12,053     10,745
Totals     39,534     38,204     65,799     52,068     52,068     58,305     50,849     54,072     45,055     42,256
Annual % Change 3.5% 26.4% -10.7% -6.0% 6.6%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
American Express 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
Chenault     21,837     28,492     28,492     23,039     23,039     16,813     16,813     17,399     17,399     28,807
Gilligan     10,745     10,676     10,676     15,890     15,890     12,405     12,405     12,723     12,723     12,671
Squeri       9,674       8,262       8,262       8,623       8,623       8,982       8,982       9,503       9,503       4,768
Schulman       9,089       7,888       7,888       9,363  N/A   N/A     
Henry  N/A   N/A        6,232       7,504       7,504     10,193     10,193       5,007       5,007       5,341
Kelly       7,867       8,264
Totals     51,345     55,318     61,550     64,419     55,056     48,393     48,393     44,632     52,499     59,851
Annual % Change -7.2% -4.5% 13.8% 8.4% -12.3%
10 Year Avg Per Year % Change 1.8%