Sunday, July 14, 2019

Boise, Idaho Semiconductor Company Micron Technology Top-Tier Executives Average Pay Raise Was 13.8% Per Year During the Past Ten Years (Aug 2009-Aug 2018)

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

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%