Micron Technology's Top-Tier Executives Average Annual Pay Raise of 13.8% per year over the past ten years was a bit higher than both NVIDIA's 12.7% per year and Intel's 11.3% per year but substantially lower than both Broadcom's 119.3% per year and Analog Devices 28.7%.
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 just recently 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. Micron Technology here is the 15th large non-Dow Technology Company I have made a post on and later I will be making similar posts on many more large non-Dow Companies, both Technology and Non-Technology ones, in order 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 | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | |||||
Aug | Aug | Aug | Aug | Aug | Aug | Aug | Aug | Aug | Aug | |||||
Micron Technology | 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 | |||||
Manish Bhatia EVP, Global Operations | N/A | N/A | ||||||||||||
Scott DeBoer EVP Tecnology Development | 4,086 | 3,236 | 3,236 | 2,248 | 2,248 | 2,327 | N/A | N/A | ||||||
Sanjay Mehrotra CEO | N/A | N/A | ||||||||||||
Sumit Sadana EVP Chief Business Officer | N/A | N/A | ||||||||||||
David Zinsner SVP CFO | N/A | N/A | ||||||||||||
Ernest Maddock SVP CFO | N/A | N/A | 4,883 | 3,246 | N/A | N/A | ||||||||
Steven Thorsen SVP WW Sales | 3,122 | 2,249 | 2,249 | 2,344 | 2,344 | 2,927 | N/A | N/A | ||||||
Mark Duncan Former CEO | N/A | N/A | 5,602 | 9,398 | 9,398 | 11,479 | 11,479 | 6,910 | ||||||
Brian Shirley SVP DRAM&EmergingMemory | 5,159 | 3,897 | 3,897 | 4,029 | 4,029 | 4,800 | 4,800 | 2,495 | ||||||
Mark Adams Former President | N/A | N/A | 5,500 | 6,533 | 6,533 | 4,110 | ||||||||
Ronald Foster CFO | N/A | N/A | 4,302 | 2,702 | ||||||||||
Totals | 4,086 | 3,236 | 16,400 | 11,640 | 13,996 | 18,098 | 21,271 | 25,739 | 27,114 | 16,217 | ||||
Annual % Change vs Prior Year | 26.3% | 40.9% | -22.7% | -17.4% | 67.2% | |||||||||
FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | |||||
Aug | Aug | Aug | Aug | Aug | Aug | Aug | Aug | Aug | Aug | |||||
Micron Technology | 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 | |||||
Mark Duncan Former CEO | 6,910 | 6,164 | 6,164 | 4,267 | 4,267 | 4,763 | 4,763 | 3,897 | 3,897 | 4,218 | ||||
Brian Shirley SVP DRAM&EmergingMemory | 2,495 | 2,304 | 2,304 | 2,541 | 2,541 | 2,669 | 2,669 | 2,117 | 2,117 | 2,246 | ||||
Mark Adams Former President | 4,110 | 2,193 | N/A | N/A | ||||||||||
Ronald Foster CFO | 2,702 | 2,881 | 2,881 | 2,880 | 2,880 | 3,198 | 3,198 | 2,671 | N/A | N/A | ||||
Steven Appleton Former CEO | N/A | N/A | 8,642 | 9,789 | 9,789 | 8,186 | 8,186 | 8,312 | ||||||
Totals | 16,217 | 13,542 | 11,349 | 9,688 | 18,330 | 20,419 | 20,419 | 16,871 | 14,200 | 14,776 | ||||
Annual % Change vs Prior Year | 19.8% | 17.1% | -10.2% | 21.0% | -3.9% | |||||||||
10 Year Average Per Year % Change | 13.8% |