Friday, July 19, 2019

Dollar General Corp's Top-Tier Executives Average Pay Raise Was a Blistering 34.2% Per Year During the Past Ten Years (2009-2018)

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

Dollar General's Top-Tier Executives Average Annual Pay Raise of a blistering 34.2% per year over the past 10 years is the second highest of the 13 largest Retail Companies I have researched and made similar posts on:
  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. CVS Health +13.1% per year for the past ten years
  9. Target Corp +10.1% per year for the past ten years
  10. Costco +7.1% per year for the past ten years
  11. Home Depot +6.5% per year for the past ten years
  12. Walmart +5.8% per year for the past ten years
  13. 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
Dollar General 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
Todd Vasos CEO     10,603       8,806       8,806       8,593       8,593       8,723       8,723       2,829       2,829       1,820
John Garratt CFO       2,618       2,503       2,503       2,130       2,130       1,089  N/A   N/A 
Jeffery Owen EVP Store Operations       2,607       2,556       2,556       2,297  N/A   N/A 
Robert Ravener Chief People Officer       2,477       2,511       2,511       2,176       2,176       2,137  N/A   N/A 
Jason Reiser Chief Merchandising Officer  N/A   N/A 
Rhonda Taylor General Counsel       2,490       2,221       2,221       2,137  N/A   N/A 
Richard Dreiling Former CEO       8,218       9,764       9,764       7,647
David Tehle Former CFO  N/A   N/A        2,348       1,882
John Flanigan EVP Global Supply Chain       2,112       1,890       1,890       1,558
Gregory Sparks Former EVO Store Operations  N/A   N/A        2,126       1,920
 Totals      18,305     16,376     18,866     17,417     15,120     14,086     19,053     14,483     18,957     14,827
Annual % Change vs Prior Year 11.8% 8.3% 7.3% 31.6% 27.9%
5 Year Average Per Year % Change 17.4%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dollar General 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
Todd Vasos CEO       1,820       1,955       1,955       1,198       1,198       1,294       1,294       1,527  N/A   N/A 
Richard Dreiling Former CEO       7,647     23,160     23,160       3,832       3,832       5,163       5,163       4,424       4,424       3,520
David Tehle Former CFO       1,882       2,108       2,108       1,386       1,386       1,500       1,500       1,793       1,793       1,636
John Flanigan EVP Global Supply Chain  N/A   N/A 
Gregory Sparks Former EVO Store Operations  N/A   N/A 
Susan Lanigan General Counsel       1,865       1,067  N/A   N/A 
Kathleen Guion EVPStrategicPlan&RealEstate       1,450       1,425       1,425       1,712       1,712       1,565
David Bere Former President       4,770       2,270
 Totals      11,349     27,223     29,088       7,483       7,866       9,382       9,382       9,456     12,699       8,991
Annual % Change vs Prior Year -58.3% 288.7% -16.2% -0.8% 41.2%
5 Year Average Per Year % Change 50.9%
10 Year Average Per Year % Change 34.2%


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