The exceptionally successful, well-run Apple Inc is the 30th and final Dow Industrial Company I have researched so far on Top-Tier Executives Average Long-term % Pay Raises Per Year.
Apple Inc's Top-Tier Executives Average Annual Pay Raise of a clearly off-the-charts 306.1% per year over the past 10 years is by far the highest of the 30 Dow Industrial Companies, as you can see in the below chart.
| NEO | |||
| Top-Tier | |||
| Executives | |||
| Average | Number | ||
| Dow Industrial Company | Pay Raise % | of | |
| (Number of NEO Top-Tier Execs) | Per Year | Years | |
| 1 | Apple (11) | 306.1% | 10 |
| 2 | Goldman Sachs (11) | 122.7% | 10 |
| 3 | DowDupont (5) | 94.5% | 2 |
| 4 | Microsoft (13) | 32.4% | 10 |
| 5 | McDonalds (13) | 30.7% | 10 |
| 6 | Caterpillar (13) | 24.4% | 10 |
| 7 | Walgreens Boots Alliance (13) | 22.2% | 10 |
| 8 | NIKE (8) | 22.0% | 10 |
| 9 | 3M (10) | 18.9% | 10 |
| 10 | Visa (12) | 18.8% | 10 |
| 11 | Cisco Systems (10) | 16.0% | 10 |
| 12 | Chevron (8) | 13.5% | 10 |
| 13 | Boeing (8) | 13.1% | 10 |
| 14 | Johnson & Johnson (10) | 12.8% | 10 |
| 15 | Merck (8) | 11.9% | 10 |
| 16 | Verizon Communications (13) | 11.5% | 10 |
| 17 | Intel (13) | 11.3% | 10 |
| 18 | Walt Disney (7) | 11.2% | 10 |
| 19 | UnitedHealth Group (10) | 10.9% | 10 |
| 20 | IBM (9) | 9.9% | 10 |
| 21 | Pfizer (9) | 8.3% | 10 |
| 22 | JPMorgan Chase (13) | 7.2% | 10 |
| 23 | Home Depot (7) | 6.5% | 10 |
| 24 | Travelers Companies (6) | 6.2% | 10 |
| 25 | Procter & Gamble (13) | 5.9% | 10 |
| 26 | Wal-Mart (13) | 5.8% | 10 |
| 27 | United Technologies 11) | 2.9% | 10 |
| 28 | American Express (7) | 1.8% | 10 |
| 29 | Coca Cola (11) | 1.7% | 10 |
| 30 | Exxon Mobil (9) | 1.2% | 10 |
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.
Also, the US Government should require all US Corporate Boards to include at least one worker representative and to exclude any Company Executive.
I will now turn my attention to many other large Non-Dow Industrial Companies to get an even better handle on just why the US has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative long-term annual pay raise percentages.
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Apple
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2018
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2017
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2017
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2016
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2016
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2015
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| Tim Cook Chief Executive Officer | 15,682 | 12,825 | 12,825 | 8,748 | 8,748 | 10,281 | |||||
| Luca Maestri SVP CFO | 26,510 | 24,142 | 24,142 | 22,804 | 22,804 | 25,338 | |||||
| Kate Adams SVP General Counsel | N/A | N/A | |||||||||
| Angela Ahrendts SVP Retail | 26,539 | 24,216 | 24,216 | 22,903 | 22,903 | 25,779 | |||||
| Jeff Williams Chief Operating Officer | N/A | N/A | N/A | N/A | N/A | N/A | |||||
| Johny Srouji SVP Hardware Technologies | N/A | N/A | |||||||||
| Dan Riccio SVP Hardware Engineering | 24,146 | 22,808 | 22,808 | 25,018 | |||||||
| Bruce Sewell SVP General Counsel | 24,146 | 22,808 | 22,808 | 25,018 | |||||||
| Eddie Cue SVP Internet Software & Services | 22,808 | 25,052 | |||||||||
| Totals | 68,731 | 61,183 | 109,475 | 100,071 | 122,879 | 136,486 | |||||
| Annual % Change | 12.3% | 9.4% | -10.0% | ||||||||
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2015
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2014
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2014
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2013
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2013
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2012
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| Tim Cook Chief Executive Officer | 10,281 | 9,223 | 9,223 | 4,253 | 4,253 | 4,175 | |||||
| Luca Maestri SVP CFO | 25,338 | 14,003 | N/A | N/A | |||||||
| Angela Ahrendts SVP Retail | N/A | N/A | |||||||||
| Jeff Williams Chief Operating Officer | N/A | N/A | 24,403 | 2,633 | 2,633 | 68,692 | |||||
| Dan Riccio SVP Hardware Engineering | 25,018 | 24,403 | 24,403 | 2,633 | N/A | N/A | |||||
| Bruce Sewell SVP General Counsel | N/A | N/A | N/A | N/A | N/A | N/A | |||||
| Eddie Cue SVP Internet Software & Services | 25,052 | 24,446 | 24,446 | 2,647 | 2,647 | 50,420 | |||||
| Peter Oppenheimer SVP CFO | N/A | N/A | 4,518 | 2,633 | 2,633 | 68,592 | |||||
| Totals | 85,689 | 72,075 | 86,993 | 14,799 | 12,166 | 191,879 | |||||
| Annual % Change | 18.9% | 487.8% | -93.7% | ||||||||
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Apple
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2012
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2011
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2011
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2010
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2010
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2009
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2009
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2008
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$ 000s
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| Tim Cook Chief Executive Officer | 4,175 | 377,997 | 377,997 | 59,093 | 59,093 | 1,641 | 1,641 | 27,087 | |||
| Dan Riccio SVP Hardware Engineering | N/A | N/A | |||||||||
| Bruce Sewell SVP General Counsel | 68,990 | 1,409 | 1,409 | 29,740 | N/A | N/A | |||||
| Eddie Cue SVP Internet Software & Services | 50,420 | 52,953 | N/A | N/A | |||||||
| Peter Oppenheimer SVP CFO | 68,592 | 1,416 | 1,416 | 29,797 | 29,797 | 1,420 | 1,420 | 20,460 | |||
| Robert Mansfield SVP Technologies | N/A | N/A | |||||||||
| Jeff Williams Chief Operating Officer | N/A | N/A | |||||||||
| Steven Jobs Chief Executive Officer | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Scott Forstall SVP iOS Software | 1,417 | 29,593 | 29,593 | 1,216 | N/A | N/A | |||||
| Ronald Johnson SVP Retail | 1,416 | 29,795 | N/A | N/A | |||||||
| Tony Fadell SVP iPod Division | N/A | N/A | |||||||||
| Totals | 192,177 | 433,775 | 383,655 | 178,018 | 118,483 | 4,277 | 3,061 | 47,547 | |||
| Annual % Change | -55.7% | 115.5% | 2670.2% | -93.6% | |||||||
| 10 Year Average Per Year % Change | 306.1% |
