Monday, July 1, 2019

Boeing Top-Tier Executives Average Pay Raise Was 13.1% Per Year During the Past Ten Years (2009-2018)

From Company Proxy Statement filings with the SEC, below are the Boeing Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.

Boeing is the 13th Dow Industrial Company I have researched on Top-Tier Executives Average Long-term % Pay Raises Per Year.  Its 13.1% is the 4th highest of these 13 Dow Companies.

 The US Government should pass wisely-designed Fair Pay Raise Income Inequality Narrowing Company tax incentives ..... the carrot ..... and Company wise tax disincentives ..... the stick.

The US Government should also require all US Corporate Boards to include at least one worker representative or else Income Inequality will never narrow. 

I will continue this same research for many other large US Companies to get a better handle on just why the US has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative annual pay raise percentages.
  FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Boeing 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
Mullenburg     23,392     18,450     18,450     15,066     15,066     13,226     13,226     11,798     11,798       7,722
Smith       8,682     17,226     17,226       6,220       6,220       4,820       4,820     10,580     10,580       3,596
Luttig       7,811       7,387       7,387       9,366       9,366       6,490       6,490       7,448       7,448       6,167
Conner       9,627       8,952       8,952       9,086       9,086     16,421     16,421       5,662
McNerney     19,917     28,862     28,862     23,264
Caret  N/A   N/A 
Hyslop  N/A   N/A 
McAllister  N/A   N/A 
Totals     39,885     43,063     52,690     39,604     39,604     33,622     53,539     75,109     75,109     46,411
Annual % Change -7.4% 33.0% 17.8% -28.7% 61.8%
  FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Boeing 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
McNerney     23,264     27,484     27,484     22,958     22,958     19,740     19,740     19,443     19,443     16,626
Mullenburg       7,722     11,943     11,943       4,804  N/A   N/A     
Luttig       6,167       9,385       9,385       5,466       5,466       3,850       3,850       3,744       3,744       2,792
Conner       5,662       7,770  N/A   N/A 
Smith       3,596       3,222  N/A   N/A     
Albaugh       8,495       9,288       9,288       5,602       5,602       6,457
Bell       7,066       5,398       5,398       6,778       6,778       6,176
Carson       4,202       4,877
    46,411     59,804     48,812     33,228     43,985     38,276     38,276     35,567     39,769     36,928
Annual % Change -22.4% 46.9% 14.9% 7.6% 7.7%
10 Year Avg Per Year % Change 13.1%








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