Tuesday, July 16, 2019

Booking Holdings Top-Tier Executives Average Pay Raise Was a Robust 23.9% Per Year During the Past Ten Years (2009-2018)

From Company Proxy Statement filings with the SEC, in the chart below at the very bottom of this post are Booking Holdings Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.

Booking Holdings Top-Tier Executives Average Pay Raise was a robust 23.9% per year for the past ten years and was pretty much in the middle of the pack of the 28 very large US Technology Companies I have researched and made posts on, as you can see in the below chart.


 NEO
Top-Tier
Executives
Average Number
Pay Raise % of
US Largest Technology Companies Per Year Years
1 Twitter 796.6% 6
2 Amazon 659.0% 10
3 Apple 306.1% 10
4 Alphabet 240.2% 10
5 Workday 136.9% 7
6 Broadcom Inc 119.3% 10
7 Square Inc 116.5% 4
8 salesforce.com 60.4% 10
9 Microsoft 32.4% 10
10 Netflix 30.2% 10
11 PayPal Holdings 29.3% 2
12 Analog Devices 28.7% 10
13 VMware 27.1% 10
14 ServiceNow 24.2% 6
15 Booking Holdings 23.9% 10
16 Qualcomm 22.2% 10
17 Visa  18.8% 10
18 Intuit 16.1% 10
19 Cisco Systems 16.0% 10
20 Adobe 15.6% 10
21 Oracle 15.1% 10
22 Micron Technology 13.8% 10
23 Mastercard 13.0% 10
24 NVIDIA 12.7% 10
25 Intel 11.3% 10
26 IBM 9.9% 10
27 Texas Instruments 7.3% 10
28 Facebook 2.8% 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. 

With Booking Holdings here I have researched and made posts on 28 very large US Technology Companies.  I now will turn my attention to large Non-Dow, Non-Technology Companies and I will start with the US Retailers.  


My objective is 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
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Booking Holdings 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
Glenn Fogel CEO     20,459     27,774     27,774       6,323       6,323       5,727       5,727       5,524       5,524       5,323
David Goulden CFO  N/A   N/A 
Daniel Finnegan Former CFO  N/A   N/A        6,124       6,023       6,023       5,724       5,724       5,526       5,526       5,323
Gillian Tans CEO, Booking.com     14,471     13,653     13,653     17,103     17,103       6,270  N/A   N/A 
Peter Millones General Counsel       6,431       6,339       6,339       6,538       6,538       5,743       5,743       5,541       5,541       5,338
Jeffrey Boyd Chairman of the Board  N/A   N/A   N/A   N/A         
Darren Huston Former CEO  N/A   N/A      15,006     21,966     21,966     17,878
Christopher Soder CEO priceline.com       5,221       5,368
Totals     41,361     47,766     53,890     35,987     35,987     23,464     32,200     38,557     43,778     39,230
Annual % Change vs Prior Year -13.4% 49.7% 53.4% -16.5% 11.6%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Booking Holdings 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
Glenn Fogel CEO       5,323       3,323       3,323       2,663  N/A   N/A     
David Goulden CFO
Daniel Finnegan Former CFO       5,323       3,073       3,073       2,488       2,488       2,248       2,248       1,648  N/A   N/A 
Gillian Tans CEO, Booking.com
Peter Millones General Counsel       5,338       3,338       3,338       2,578       2,578       2,338       2,338       1,713       1,713       2,053
Jeffrey Boyd Chairman of the Board     15,058     10,308     10,308       9,058       9,058       7,483       7,483       4,280       4,280       6,724
Darren Huston Former CEO     17,878       7,720  N/A   N/A             
Christopher Soder CEO priceline.com  N/A   N/A        1,714       2,063
Kees Koolen Chairman Booking.com       7,969       6,134       6,134       3,173       3,173       6,898
Robert Mylod Vice Chairman       5,803       2,917       2,917       4,522
Totals     48,920     27,762     20,042     16,787     22,093     18,203     24,006     13,731     13,797     22,260
Annual % Change 76.2% 19.4% 21.4% 74.8% -38.0%
10 Year Average Per Year % Change 23.9%