Sunday, July 21, 2019

Chipotle Mexican Grill Inc's Top-Tier Executives Average Pay Raise Was a Robust 14.3% Per Year During the Past Ten Years (2009-2018)..... a 5.2% Decline Per Year in the Most Recent 5 Years But a Blistering 33.9% Increase Per Year in the Previous 5 Years

From Company Proxy Statement filings with the SEC, the chart at the very bottom below shows Chipotle Mexican Grill Inc's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.

It was a story of two very different Top-Tier Executive Group pay patterns.

In the most recent five years, Chipotle Mexican Grill's Top-Tier Executive Group experienced an Average Pay Decrease of 5.2% per year.

Whereas in the preceding five-year period, Chipotle Mexican Grill's Top-Tier Executive Group experienced an Average Pay Increase of 33.9% per year.


Chipotle Mexican Grill's Top-Tier Executives Average Annual Pay Raise of a robust 14.3% per year over the past 10 years is the 8th highest of the 18 largest Retail Companies I have researched and made similar posts on so far:
  1. Amazon +659.0% per year for the past ten years
  2. Dollar General +34.2% per year for the past ten years
  3. McDonald's +30.7% per year for the past ten years
  4. Walgreens Boots Alliance +22.2% per year for the past ten years
  5. Ross Stores +20.8% per year for the past ten years
  6. The TJX Companies +20.7% per year for the past ten years
  7. Starbucks +16.4% per year for the past ten years
  8. Chipotle Mexican Grill +14.3% per year for the past ten years
  9. Dollar Tree +13.2% per year for the past ten years
  10. CVS Health +13.1% per year for the past ten years
  11. The Kroger Co +11.2% per year for the past ten years
  12. Target Corp +10.1% per year for the past ten years
  13. O'Reilly Automotive's 8.4% per year for the past ten years
  14. Costco +7.1% per year for the past ten years
  15. Home Depot +6.5% per year for the past ten years
  16. Walmart +5.8% per year for the past ten years
  17. YUM! Brands +4.9% per year for the past ten years
  18. Lowe's Companies +4.2% per year for the past ten years
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 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 and for 22 of the largest Non-Dow Technology Companies.  

I am now turning my attention to large Non-Dow, Non-Technology Companies and I have started 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
Chipotle Mexican Grill 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
Brian Niccol CEO  N/A   N/A 
Steve Ells Executive Chairman       7,955     11,052     11,052     15,663     15,663     13,838     13,838     28,924     28,924     25,117
Jack Hartung CFO       4,984       5,205       5,205       6,854       6,854       6,033       6,033     10,246     10,246       9,882
Curt Garner Chief Technology Officer       8,127       3,910  N/A   N/A 
Scott Boatwright Chief Restaurant Officer       5,711       1,716  N/A   N/A 
Chris Brandt Chief Marketing  N/A   N/A 
Mark Crumpacker       4,175       4,901       4,901       4,283       4,283       5,335       5,335       5,893
Monty Moran Former Co-CEO     15,479     13,561     13,561     28,153     28,153     24,397
 Totals      26,777     21,883     20,432     27,418     42,897     37,715     37,715     72,658     72,658     65,289
Annual % Change vs Prior Year 22.4% -25.5% 13.7% -48.1% 11.3%
5 Year Average Per Year % Change -5.2%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Chipotle Mexican Grill 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
Brian Niccol CEO
Steve Ells Executive Chairman     25,117     19,741     19,741     19,392     19,392     14,096     14,096       6,415       6,415       7,818
Jack Hartung CFO       9,882       6,796       6,796       6,656       6,656       5,621       5,621       2,411       2,411       2,880
Mark Crumpacker       5,893       2,454       2,454       2,174       2,174       1,806       1,806       2,177  N/A   N/A 
Monty Moran Former Co-CEO     24,397     19,146     19,146     18,760     18,760     13,450     13,450       5,554       5,554       5,386
Bob Blessing FormerChiefDevelopmentOfficer  N/A   N/A        2,460       2,470       2,470       2,049       2,049       1,203       1,203       1,302
Rex Jones Former Chief Development Officer       1,003       1,174
 Totals      65,289     48,137     50,597     49,452     49,452     37,022     37,022     17,760     16,586     18,560
Annual % Change 35.6% 2.3% 33.6% 108.5% -10.6%
5 Year Average Per Year % Change 33.9%
10 Year Average Per Year % Change 14.3%