Monday, July 1, 2019

Caterpillar Top-Tier Executives Average Pay Raise Was an Off-the-Charts 24.4% Per Year During the Past Ten Years (2009-2018)

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

Caterpillar is the 15th Dow Industrial Company I have researched on Top-Tier Executives Average Long-term % Pay Raises Per Year.  Its Blistering 24.4% per year is the very highest of the 15 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
Caterpillar 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
Umpleby III     27,290     14,035     14,035       5,294       5,294       9,148       9,148       6,671       6,671       8,127
Halverson       5,339       7,603       7,603       5,227       5,227       8,248       8,248       5,287       5,287       4,070
Charter  N/A   N/A        7,528       5,456       5,456       7,092  N/A   N/A     
De Lange       7,303       7,723  N/A   N/A 
Pellette       9,265       7,337  N/A   N/A 
Oberhelman             15,473     17,904     17,904     17,131     17,131     14,990
Levenick               6,065       5,264
Rapp     10,107       6,955       6,955       5,423
Totals     49,197     36,698     29,166     15,977     31,450     42,392     45,407     36,044     42,109     37,874
Annual % Change 34.1% 82.5% -25.8% 26.0% 11.2%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Caterpillar 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
 Oberhelman      14,990     22,375     22,375     16,902     16,902     10,550     10,550       2,995       2,995       5,892
 Umpleby III   N/A   N/A 
 Rapp        5,423       6,918       6,918       5,851       5,851       5,672       5,672       2,432       2,432       4,804
 Halverson   N/A   N/A 
 Levenick        5,264       6,674       6,674       6,186       6,186       5,915       5,915       2,948       2,948       5,971
 Vittecoq        9,910       7,346       7,346       7,908       7,908       7,591       7,591       3,396       3,396       6,294
 Wunning        4,484       7,344       7,344       6,291       6,291       5,732       5,732       2,832       2,832       5,942
 Lavin      11,875       5,978       5,978       5,352       5,352       2,484       2,484       5,514
 Owens           N/A   N/A        8,750     17,657
 Burritt   N/A   N/A        1,742       3,098
 Totals      40,071     50,657     62,532     49,116     49,116     40,812     40,812     17,087     27,579     55,172
Annual % Change -20.9% 27.3% 20.3% 138.8% -50.0%
10 Year Avg Per Year % Change 24.4%



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