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 sixth Michigan Company I am addressing is Cereal Maker Kellogg.
From annual compensation information contained in Company Proxy Statement filings with the SEC, the chart at the very bottom below shows Kellogg's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.
Kellogg's Top-Tier Executive Average Pay Raise was 7.8% per year for the last ten which is the lowest of the large Michigan Companies I have addressed so far.
- General Motors +29.5% 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
- 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
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Steve Cahillane CEO | N/A | N/A | ||||||||||||
Fareed Khan CFO | N/A | N/A | ||||||||||||
Chris Hood President North America | 3,948 | 3,394 | 3,394 | 2,865 | N/A | N/A | ||||||||
Gary Pilnick Vice Chair Chief Legal Officer | 3,473 | 4,837 | 4,837 | 3,841 | 3,841 | 3,085 | 3,085 | 2,521 | 2,521 | 2,400 | ||||
Alistair Hirst SVP Global Chain | N/A | N/A | 2,846 | 3,896 | 3,896 | 2,593 | ||||||||
Paul Norman President North America | 7,060 | 6,663 | 6,663 | 5,109 | 5,109 | 4,888 | 4,888 | 4,424 | ||||||
John Bryant Chairman | 12,768 | 12,400 | 12,400 | 9,871 | 9,871 | 9,263 | 9,263 | 7,964 | ||||||
Ron Dissinger Retired CFO | 2,336 | 4,895 | 4,895 | 4,047 | 4,047 | 4,016 | 3,858 | 4,142 | ||||||
Totals | 7,421 | 8,231 | 30,395 | 30,664 | 27,799 | 22,112 | 24,958 | 24,584 | 24,426 | 21,523 | ||||
Annual % Change vs Prior Year | -9.8% | -0.9% | 25.7% | 1.5% | 13.5% | |||||||||
5 Year Average Per Year % Change | 6.0% | |||||||||||||
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John Bryant Chairman | 7,964 | 6,618 | 6,618 | 6,595 | 6,695 | 3,477 | 3,477 | 4,726 | 4,726 | 5,320 | ||||
Paul Norman President North America | 4,424 | 4,875 | 4,875 | 3,405 | 3,405 | 2,419 | 2,419 | 3,391 | 3,391 | 3,320 | ||||
Ron Dissinger Retired CFO | 4,142 | 2,800 | 2,800 | 2,697 | 2,697 | 1,701 | N/A | N/A | ||||||
Alistair Hirst SVP Global Chain | N/A | N/A | ||||||||||||
Gary Pilnick Vice Chair Chief Legal Officer | 2,400 | 2,149 | 2,149 | 2,218 | 2,218 | 2,069 | N/A | N/A | ||||||
Brad Davidson Former Pres North America | N/A | N/A | 4,385 | 4,037 | 4,037 | 2,820 | 2,820 | 4,275 | 4,275 | 4,311 | ||||
David Mackay CEO | 7,972 | 11,419 | 11,419 | 12,301 | ||||||||||
Tim Mobsby President Europe | 4,096 | 2,694 | ||||||||||||
Totals | 18,930 | 16,442 | 20,827 | 18,952 | 19,052 | 12,486 | 16,688 | 23,811 | 27,907 | 27,946 | ||||
Annual % Change vs Prior Year | 15.1% | 9.9% | 52.6% | -29.9% | -0.1% | |||||||||
5 Year Average Per Year % Change | 9.5% | |||||||||||||
10 Year Average Per Year % Change | 7.8% |