The key issue to Detroit and to Michigan citizens should be the huge and continuing Income Inequality Expansion which is at the core of many critical problems the US faces.
Thus I will be doing research and making posts on the average pay raise per year that the Top-Tier Executives of many large Michigan Companies were rewarded with in the past ten years.
The tenth Michigan Company I am addressing is Domino's Pizza.
From annual compensation information contained in Company Proxy Statement filings with the SEC, the chart at the very bottom below shows Domino's Pizza's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.
Domino's Pizza's Top-Tier Executive Average Pay Raise was a clean, blistering 31.8% per year for the last decade and is the very highest of the 10 large Michigan Companies I have addressed so far.
- Domino's Pizza +31.8% per year for the past ten years
- General Motors +29.5% per year for the past ten years
- BorgWarner +25.3% per year for the past ten years
- CMS Energy +21.9% per year for the past ten years
- Stryker Corp +20.7% per year for the past ten years
- Ford Motor Co +17.0% per year for the past ten years
- Ally Financial +15.6% per year for the past four years
- DTE Energy +10.6% per year for the past ten years
- Aptiv PLC +10.0% per year for the past eight years
- Kellogg +7.8% per year for the past ten years
My objective is to get a better handle on just why the US and especially Michigan has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative long-term annual pay raise percentages, coupled with the stock price appreciation subsequent to the time the Top-Tier Executives were rewarded in their pay with stock equity compensation.
And the continuing annual net tax revenues raised by the US Government here should be set up in a separate fund to be used only for wise additional income inequality narrowing initiatives. This fund should be run by an outside group made up entirely of minorities harmed the most by Income Inequality Expansion of the past decades .....all women, all blacks, all Latinos, all other non-white people, all past and present union members, all LGBTQ, all non-employee contract workers and all middle and lower income people of all ages, including those retired.
To fix Income Inequality driven mainly by Company and its Board of Director choices on Percentage Annual Pay Raises, the US Government should step in and pass wisely-designed Fair Pay Raise Income Inequality Narrowing Company tax incentives ..... the carrot ..... and Company wise tax disincentives ..... the stick.
And the continuing annual net tax revenues raised by the US Government here should be set up in a separate fund to be used only for wise additional income inequality narrowing initiatives. This fund should be run by an outside group made up entirely of minorities harmed the most by Income Inequality Expansion of the past decades .....all women, all blacks, all Latinos, all other non-white people, all past and present union members, all LGBTQ, all non-employee contract workers and all middle and lower income people of all ages, including those retired.
Also, the US Government should require all US Corporate Boards to include at least one worker representative and to exclude any Company Executive.
FYE
|
FYE
|
FYE
|
FYE
|
FYE
|
FYE
|
FYE
|
FYE
|
FYE
|
FYE
|
|||||
Dec
|
Dec
|
Dec
|
Dec
|
Dec
|
Dec
|
Dec
|
Dec
|
Dec
|
Dec
|
|||||
Domino's Pizza Inc
|
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
|
|||||
Richard Allison CEO | 9,102 | 2,204 | 2,204 | 2,403 | 2,403 | 2,250 | 2,250 | 2,009 | 2,009 | 2,256 | ||||
Patrick Doyle Former CEO | N/A | N/A | 7,939 | 8,636 | 8,636 | 8,977 | 8,977 | 7,453 | 7,453 | 9,549 | ||||
Jeffrey Lawrence CFO | 1,684 | 1,657 | 1,657 | 1,679 | 1,679 | 1,267 | N/A | N/A | ||||||
Russell Weiner President The Americas | 6,358 | 2,228 | 2,228 | 2,395 | 2,395 | 2,441 | 2,441 | 2,142 | 2,142 | 2,800 | ||||
Joseph Jordan President International | N/A | N/A | ||||||||||||
Kevin Vasconi Chief Information Officer | N/A | N/A | ||||||||||||
Kevin Morris General Counsel | N/A | N/A | ||||||||||||
Judith Werthauser Chief People Officer | N/A | N/A | ||||||||||||
Scott Hunshaw EVP Franchise Ops | 1,530 | 1,377 | 1,377 | 1,935 | ||||||||||
Michael Lawton Former CFO | N/A | N/A | 1,914 | 2,567 | ||||||||||
Kenneth Rollin General Counsel | 1,404 | 1,775 | ||||||||||||
Totals | 17,144 | 6,089 | 14,028 | 15,113 | 15,113 | 14,935 | 15,198 | 12,981 | 16,299 | 20,882 | ||||
Annual % Change vs Prior Year | 181.6% | -7.2% | 1.2% | 17.1% | -21.9% | |||||||||
5 Year Average Per Year % Change | 34.1% | |||||||||||||
FYE
|
FYE
|
FYE
|
FYE
|
FYE
|
FYE
|
FYE
|
FYE
|
FYE
|
FYE
|
|||||
Dec
|
Dec
|
Dec
|
Dec
|
Dec
|
Dec
|
Dec
|
Dec
|
Dec
|
Dec
|
|||||
Domino's Pizza Inc
|
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
|
|||||
Patrick Doyle Former CEO | 9,549 | 9,160 | 9,160 | 6,348 | 6,348 | 5,573 | 5,573 | 1,784 | 1,784 | 1,331 | ||||
Russell Weiner President The Americas | 2,800 | 2,307 | 2,307 | 1,918 | 1,918 | 1,789 | 1,789 | 1,179 | N/A | N/A | ||||
Michael Lawton Former CFO | 2,567 | 2,758 | 2,758 | 1,710 | 1,710 | 1,616 | 1,616 | 1,112 | 1,112 | 768 | ||||
Richard Allison CEO | 2,256 | 2,153 | N/A | N/A | ||||||||||
Scott Hunshaw EVP Franchise Operations | 1,935 | 1,771 | 1,771 | 1,420 | 1,420 | 1,307 | 1,307 | 865 | 865 | 590 | ||||
Kenneth Rollin General Counsel | N/A | N/A | 1,099 | 808 | 808 | 1,326 | ||||||||
Joseph Jordan President International | ||||||||||||||
Kevin Vasconi Chief Information Officer | ||||||||||||||
Judith Werthauser Chief People Officer | ||||||||||||||
Lynn Liddle EVP | 1,889 | 1,045 | 1,045 | 971 | N/A | N/A | ||||||||
David Brandon Former CEO | 2,089 | 4,207 | 4,207 | 1,791 | ||||||||||
David Mounts EVP Supply Chain Services | 1,342 | 841 | ||||||||||||
Wendy Beck Former CFO | N/A | N/A | N/A | N/A | ||||||||||
Totals | 19,107 | 18,149 | 17,885 | 12,441 | 12,441 | 11,256 | 13,473 | 9,955 | 10,118 | 6,647 | ||||
Annual % Change vs Prior Year | 5.3% | 43.8% | 10.5% | 35.3% | 52.2% | |||||||||
5 Year Average Per Year % Change | 29.4% | |||||||||||||
10 Year Average Per Year % Change | 31.8% |