Bloomfield Hills, Michigan-Based Penske Automotive Group Inc's Top-Tier Executives Average Pay Raise Was a Very Robust 19.0% 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 19th Michigan Company I am addressing is Penske Automotive Group.

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

Penske Automotive Group's Top-Tier Executive Average Pay Raise was 19.0% per year for the last decade and is the 12th highest of the 19 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. Penske Automotive Group +19.0% per year for the past 10 years
13. Ford Motor Co +17.0% per year for the past ten years
14. Masco +15.6% per year for the past ten years
15. Ally Financial +15.6% per year for the past four years
16. DTE Energy +10.6% per year for the past ten years
17. Aptiv PLC +10.0% per year for the past eight years
18. Whirlpool +7.9% per year for the past ten years
19. 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
Penske Automotive Group	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
Roger Penske CEO	6,824	6,807		6,807	6,537		6,537	6,534		6,534	5,180		5,180	5,106
Robert Kumick President	1,963	1,952		1,952	1,853		1,853	1,850		1,850	1,529		1,529	1,497
J.D. Carlson CFO	1,789	1,093		1,093	982		982	1,021		N/A	N/A
Bud Denker EVP Human Relations	1,747	1,042		1,042	961		961	698		N/A	N/A
Shane Spradin General Counsel	1,799	1,194		1,194	1,110		1,110	1,156		1,156	1,091		1,091	1,019
David Jones Former CFO										N/A	N/A		1,128	1,017
Calvin Sharp Former EVP Human Resources										852	808		808	743
Totals	14,122	12,088		12,088	11,443		11,443	11,259		10,392	8,608		9,736	9,382
Annual % Change vs Prior Year	16.8%			5.6%			1.6%			20.7%			3.8%
5 Year Average Per Year % Change		9.7%
	FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
Penske Automotive Group	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
Roger Penske CEO	5,106	4,909		4,909	4,465		4,465	3,908		3,908	3,875		3,875	1,026
Robert Kumick President	1,497	1,372		1,372	1,297		1,297	1,101		1,101	931		931	830
J.D. Carlson CFO
Bud Denker EVP Human Relations
Shane Spradin General Counsel	1,019	864		864	731		731	573		573	469		469	424
David Jones Former CFO	1,017	894		894	1,143		N/A	N/A
Calvin Sharp Former EVP Human Resources	743	676		676	601		601	516		516	549		549	534
Robert O'Shaughnessy Former CFO										1,012	885		885	1,003
Totals	9,382	8,715		8,715	8,237		7,094	6,098		6,098	5,824		5,824	2,814
Annual % Change vs Prior Year	7.7%			5.8%			16.3%			4.7%			107.0%
5 Year Average Per Year % Change		28.3%
10 Year Average Per Year % Change		19.0%