Detroit, Michigan-Based Utility DTE Energy's Top-Tier Executives Average Pay Raise Was a Clean 10.6% Per Year During the Past 10 Years (2009-2018)

Detroit, Michigan is the site of the second Democratic 2020 Presidential candidate televised debate to be held on July 30-31, 2019.  The Under 75 Progressive Wing will be led by the energetic Elizabeth Warren, Kamala Harris, Corey Booker and Julian Castro.  The Under 75 More Moderate Wing will be led by Pete Buttigieg, Amy Klobuchar, Beto O'Rourke and Latecomers Michael Bennet and Steven Bullock.

The key issue to Detroit and to Michigan citizens should be the huge and continuing Income Inequality Expansion which is at the core of many critical problems the US faces.

Thus I will be doing research and making posts on the average pay raise per year that the Top-Tier Executives of many large Michigan Companies were rewarded with in the past ten years.

The fourth Michigan Company I am addressing is Utility Company DTE Energy.

From annual compensation information contained in Company Proxy Statement filings with the SEC, the chart at the very bottom below shows DTE Energy's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years. 

DTE Energy's Top-Tier Executive Average Pay Raise was a very clean 10.6% per year for the last decade and is the lowest of the large Michigan Companies I have addressed so far.

1. General Motors  +29.5% per year for the past ten years
2. Stryker Corp +20.7% per year for the past ten years
3. Ford Motor Col +17.0% per year for the past ten years
4. DTE Energy +10.6% per year for the past ten years

My objective is to get a better handle on just why the US and especially Michigan 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.

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.

	FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
DTE Energy	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
Gerard Anderson CEO	10,987	15,836		15,836	12,499		12,499	10,174		10,174	12,604		12,604	9,148
Peter Oleksiak CFO	3,573	3,645		3,645	2,931		2,931	2,591		2,591	2,024		N/A	N/A
Trevor Lauer President DTE Electric	N/A	N/A
David Meador Vice Chairman	3,416	4,510		4,510	4,241		4,241	3,239		3,239	4,777		4,777	2,907
Gerardo Norcia President and COO	5,477	4,872		4,872	3,870		3,870	3,103		3,103	3,062		3,062	2,862
Steven Kurmas Former Vice Chairman				4,732	4,463		4,463	3,426		3,426	4,410		4,410	3,267
Totals	23,453	28,863		33,595	28,004		28,004	22,533		22,533	26,877		24,853	18,184
Annual % Change vs Prior Year	-18.7%			20.0%			24.3%			-16.2%			36.7%
5 Year Average Per Year % Change		9.2%
	FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
DTE Energy	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
Gerard Anderson CEO	9,148	9,684		9,684	7,389		7,389	5,601		5,601	4,889		4,889	3,993
David Meador Vice Chairman	2,907	3,645		3,645	3,139		3,139	2,835		2,835	2,894		2,894	2,306
Gerardo Norcia President and COO	2,862	2,216		2,216	1,787		1,787	1,538		1,538	1,338		1,338	1,018
Steven Kurmas Former Vice Chairman	3,267	3,277		3,277	2,990		2,990	2,703		2,703	2,359		N/A	N/A
Bruce Peterson General Counsel	2,119	1,889		1,889	1,757		1,757	1,682		1,682	1,649		1,649	1,573
Anthony Earley Retired Executive Chairman							N/A	N/A		8,477	9,211		9,211	7,839
Totals	20,303	20,711		20,711	17,062		17,062	14,359		22,836	22,340		19,981	16,729
Annual % Change vs Prior Year	-2.0%			21.4%			18.8%			2.2%			19.4%
5 Year Average Per Year % Change		12.0%
10 Year Average Per Year % Change		10.6%