Friday, July 26, 2019

Ann Arbor, Michigan-Based Domino's Pizza Inc's Top-Tier Executives Average Pay Raise Was a Blistering 31.8% Per Year During the Past 10 Years (2009-2018)

Detroit, Michigan is the site of the second Democratic 2020 Presidential candidate televised debate to be held on July 30-31, 2019.  The Under 75 Progressive Wing will be led by the energetic Elizabeth Warren, Kamala Harris, Corey Booker and Julian Castro.  The Under 75 More Moderate Wing will be led by Pete Buttigieg, Amy Klobuchar, Beto O'Rourke and Latecomers Michael Bennet and Steven Bullock.

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.

  1. Domino's Pizza +31.8% per year for the past ten years
  2. General Motors  +29.5% per year for the past ten years
  3. BorgWarner +25.3% per year for the past ten years
  4. CMS Energy +21.9% per year for the past ten years
  5. Stryker Corp +20.7% per year for the past ten years
  6. Ford Motor Co +17.0% per year for the past ten years
  7. Ally Financial +15.6% per year for the past four years
  8. DTE Energy +10.6% per year for the past ten years
  9. Aptiv PLC +10.0% per year for the past eight years
  10. 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.

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.

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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%
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Dec
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Dec
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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%