Sunday, July 21, 2019

AutoZone Inc's Top-Tier Executives Average Pay Raise Was a Robust 13.4% Per Year During the Past Ten Years (Aug 2009-Aug 2018)

From Company Proxy Statement filings with the SEC, the chart at the very bottom below are AutoZone Inc's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.

Autozone Inc's Top-Tier Executives Average Annual Pay Raise of  a robust 13.4% per year over the past 10 years is the 9th highest of the 20 largest Retail Companies I have researched and made similar posts on so far:
  1. Amazon +659.0% per year for the past ten years
  2. Dollar General +34.2% per year for the past ten years
  3. McDonald's +30.7% per year for the past ten years
  4. Walgreens Boots Alliance +22.2% per year for the past ten years
  5. Ross Stores +20.8% per year for the past ten years
  6. The TJX Companies +20.7% per year for the past ten years
  7. Starbucks +16.4% per year for the past ten years
  8. Chipotle Mexican Grill +14.3% per year for the past ten years
  9. AutoZone +13.4% per year for the past ten years
  10. Dollar Tree +13.2% per year for the past ten years
  11. CVS Health +13.1% per year for the past ten years
  12. Sherwin-Williams Co +12.0% per year for the past ten years
  13. The Kroger Co +11.2% per year for the past ten years
  14. Target Corp +10.1% per year for the past ten years
  15. O'Reilly Automotive's 8.4% per year for the past ten years
  16. Costco +7.1% per year for the past ten years
  17. Home Depot +6.5% per year for the past ten years
  18. Walmart +5.8% per year for the past ten years
  19. YUM! Brands +4.9% per year for the past ten years
  20. Lowe's Companies +4.2% per year for the past ten years
    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 have researched and made posts on Top-Tier Executives Long-Term Average Annual Pay Raise per year for each of the 30 Dow Industrial Companies and for 22 of the largest Non-Dow Technology Companies.  

    I am now turning my attention to large Non-Dow, Non-Technology Companies and I have started with the US Retailers.  

    My objective is 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, coupled with the stock price appreciation subsequent to the time the Top-Tier Executives were rewarded in their pay with stock equity compensation.


    FYE
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    Aug
    Aug
    Aug
    Aug
    Aug
    Aug
    Aug
    Aug
    Aug
    Aug
    AutoZone
    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
    William Rhodes CEO       4,221       3,335       3,335     15,350     15,350       5,352       5,352       5,354       5,354       5,305
    William Giles CFO       2,508       2,560       2,560       3,027       3,027       2,764       2,764       2,709       2,709       2,628
    William Graves EVP Mexico, Brazil       2,101       2,151       2,151       2,558       2,558       2,020       2,020       2,008       2,008       1,847
    Mark Finestone EVPMdseSupplyChain&Mktg       2,098       2,148       2,148       2,863       2,863       2,006       2,006       1,971  N/A   N/A 
    Thomas Newbern EVP Store Operations       2,051       2,104       2,104       2,866       2,866       1,965  N/A   N/A 
    Larry Roesel SVP Commercial       1,941       1,823
    Totals     12,979     12,298     12,298     26,664     26,664     14,107     12,142     12,042     12,012     11,603
    Annual % Change vs Prior Year 5.5% -53.9% 89.0% 0.8% 3.5%
    5 Year Average Per Year % Change 9.0%
    FYE
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    Aug
    Aug
    Aug
    Aug
    Aug
    Aug
    Aug
    Aug
    Aug
    Aug
    AutoZone
    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
    William Rhodes CEO       5,305       4,741       4,741     11,360     11,360       3,810       3,810       3,053       3,053       2,887
    William Giles CFO       2,628       2,348       2,348       2,211       2,211       1,814       1,814       1,531       1,531       1,721
    William Graves EVP Mexico, Brazil  N/A   N/A 
    Larry Roesel SVP Commercial       1,823       1,965       1,965       1,767       1,767       1,318  N/A   N/A 
    Harry Goldsmith General Counsel       2,355       2,113       2,113       1,950       1,950       1,592       1,592       1,348       1,348       1,345
    Ronald Griffin Chief Information Officer  N/A   N/A 
    James Shea EVPMdseingMktg&Supply Chain       1,729       1,505       1,505       1,500
    Robert Olsen EVP Store Operations       2,056          837          837       1,683       1,633       1,458
    Totals     12,111     11,167     11,167     17,288     19,344       9,371       9,782       9,120       9,070       8,911
    Annual % Change vs Prior Year 8.5% -35.4% 106.4% 7.3% 1.8%
    5 Year Average Per Year % Change 17.7%
    10 Year Average Per Year % Change 13.4%