Benton Harbor, Michigan-Based Whirlpool Corp's Top-Tier Executives Average Pay Raise Was 7.9% 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 18th Michigan Company I am addressing is Whirlpool Corp.

From annual compensation information contained in Company Proxy Statement filings with the SEC, the chart at the very bottom below shows Whirlpool Corp's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years. 

Whirlpool's Top-Tier Executive Average Pay Raise was 7.9% per year for the last decade and is the second lowest of the 18 large Michigan Companies I have addressed so far.

1. Credit Acceptance Corp +195.9% per year for the past ten years
2. DowDupont +94.5% per year for the past ten years
3. Sun Communities Inc +72.8% per year for the past ten years
4. Lear Corp's +56.1% per year for the pat ten years
5. Domino's Pizza +31.8% per year for the past ten years
6. General Motors  +29.5% per year for the past ten years
7. Perrigo +28.8% per year for the past ten years
8. BorgWarner +25.3% per year for the past ten years
9. Dow Chemical +22.4% per year for the past ten years
10. CMS Energy +21.9% per year for the past ten years
11. Stryker Corp +20.7% per year for the past ten years
12. Ford Motor Co +17.0% per year for the past ten years
13. Masco +15.6% per year for the past ten years
14. Ally Financial +15.6% per year for the past four years
15. DTE Energy +10.6% per year for the past ten years
16. Aptiv PLC +10.0% per year for the past eight years
17. Whirlpool +7.9% per year for the past ten years
18. 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.

	FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
Whirlpool	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
Marc Bitzer CEO	11,836	6,746		6,746	6,421		6,421	5,101		5,101	4,997		4,997	5,850
James Peters CFO	2,892	2,690		2,690	3,228		N/A	N/A
Jeff Fettig Chairman	8,767	15,984		15,984	16,148		16,148	13,526		13,526	17,545		17,545	14,706
Joseph Liotine President North America	2,770	5,043		N/A	N/A
Joao Brega President Latin America	2,027	4,449		4,449	1,768		1,768	2,860		N/A	N/A
David Szczupak EVP				2,817	3,149		3,149	2,843		2,843	3,054		3,054	2,621
Larry Venturelli Former CFO							3,359	2,949		2,949	3,027		3,027	2,728
Michael Todman Vice Chairman										4,314	5,322		5,322	4,337
Totals	28,292	34,912		32,686	30,714		30,845	27,279		28,733	33,945		33,945	30,242
Annual % Change vs Prior Year	-19.0%			6.4%			13.1%			-15.4%			12.2%
	FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
Whirlpool	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
Marc Bitzer CEO	5,850	6,431		6,431	2,993		2,993	5,414		5,414	2,830		2,830	1,656
James Peters CFO
Jeff Fettig Chairman	14,706	15,964		15,964	12,329		12,329	14,441		14,441	12,507		12,507	8,782
Joseph Liotine President North America
Joao Brega President Latin America
David Szczupak EVP	2,621	2,729		2,729	3,112		N/A	N/A
Larry Venturelli Former CFO	2,728	3,209		N/A	N/A
Michael Todman Vice Chairman	4,337	6,905		6,905	4,036		4,036	4,471		4,471	4,039		4,039	2,858
Roy Templin Former CFO				N/A	N/A		2,679	3,263		3,263	2,927		2,927	1,800
Jose Drummond President EMEA	N/A	N/A		N/A	N/A		N/A	N/A		N/A	N/A
Paulo Periquito President International													4,739	2,994
Totals	30,242	35,238		32,029	22,470		22,037	27,589		27,589	22,303		27,042	18,090
Annual % Change vs Prior Year	-14.2%			42.5%			-20.1%			23.7%			49.5%
10 Year Average Per Year % Change		7.9%