Prior to Facebook's 2.8% Top-Tier Executives Average Long-term Pay Raise per year of 2.8%, here were the comparable ones for the 8 Technology Companies I have recently researched:
- Amazon 659.0%
- Apple 306.1%
- Alphabet 240.2%
- Microsoft 32.4%
- Visa 18.8%
- Cisco Systems 16.0%
- Intel 11.3%
- IBM 9.9%
Thus Facebook and its Board of Directors stands out as a very rigorous grader of Facebook Top-Tier Executives performance.
But to be fair, Facebook's Top-Tier Executives have benefited massively from the Facebook common stock appreciation following its May 2012 IPO. Its current stock price of $200.71 is a 425% stock price appreciation from its $38.23 stock closing price on the day Facebook went public.
So even with Facebook's Top-Tier Executives moderate long-term average annual pay raise of 2.8% per year being roughly equivalent to the US average increase in the US median income over the same seven year period, when you also factor in the effect of the Facebook stock price appreciation, there is a huge gap in the Annual Average Percentage Increase in Total Annual Income between Facebook's Top-Tier Executives and the US median income average percentage increase.
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.
Also, the US Government should require all US Corporate Boards to include at least one worker representative and to exclude any Company Executive.
I just recently have researched and made posts on Top-Tier Executives Average Annual Pay Raise per year for each of the 30 Dow Industrial Companies. Facebook here is the third of many large non-Dow Companies I will be making similar posts on in order 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.
So even with Facebook's Top-Tier Executives moderate long-term average annual pay raise of 2.8% per year being roughly equivalent to the US average increase in the US median income over the same seven year period, when you also factor in the effect of the Facebook stock price appreciation, there is a huge gap in the Annual Average Percentage Increase in Total Annual Income between Facebook's Top-Tier Executives and the US median income average percentage increase.
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.
Also, the US Government should require all US Corporate Boards to include at least one worker representative and to exclude any Company Executive.
I just recently have researched and made posts on Top-Tier Executives Average Annual Pay Raise per year for each of the 30 Dow Industrial Companies. Facebook here is the third of many large non-Dow Companies I will be making similar posts on in order 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
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FYE
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FYE
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FYE
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FYE
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FYE
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FYE
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FYE
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FYE
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FYE
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|||||
Dec
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Dec
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Dec
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Dec
|
Dec
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Dec
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Dec
|
Dec
|
Dec
|
Dec
|
|||||
Facebook
|
2018
|
2017
|
2017
|
2016
|
2016
|
2015
|
2015
|
2014
|
2014
|
2013
|
||||
Top-Tier
|
Total
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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
|
|||||
| Mark Zuckerberg CEO | 22,555 | 9,102 | 9,102 | 6,015 | 5,766 | 5,038 | 5,038 | 6,213 | 6,213 | 3,300 | ||||
| Sheryl Sandberg COO | 23,728 | 25,196 | 25,196 | 24,549 | 24,549 | 18,699 | 18,699 | 15,549 | 15,549 | 16,147 | ||||
| David Wehner CFO | 19,686 | 22,426 | 22,426 | 16,544 | 16,544 | 16,793 | 16,793 | 11,988 | N/A | N/A | ||||
| Christopher Cox Former CPO | 19,686 | 22,360 | 22,360 | 16,533 | 16,533 | 11,854 | 11,854 | 12,470 | N/A | N/A | ||||
| Mike Schroepfer CTO | 19,757 | 22,426 | 22,426 | 16,459 | 16,459 | 11,903 | 11,903 | 12,549 | 12,549 | 12,558 | ||||
| David Ebersman Former CFO | N/A | N/A | ||||||||||||
| Totals | 105,412 | 101,510 | 101,510 | 80,100 | 79,851 | 64,287 | 64,287 | 58,769 | 34,311 | 32,005 | ||||
| Annual % Change From Prior Year | 3.8% | 26.7% | 24.2% | 9.4% | 7.2% | |||||||||
| 5 Year Average Per Year % Change | 14.3% | |||||||||||||
FYE
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FYE
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FYE
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FYE
|
|||||||||||
Dec
|
Dec
|
Dec
|
Dec
|
|||||||||||
Facebook
|
2013
|
2012
|
2012
|
2011
|
||||||||||
Top-Tier
|
Total
|
Total
|
Total
|
Total
|
||||||||||
Executive
|
Comp
|
Comp
|
Comp
|
Comp
|
||||||||||
$ 000s
|
$ 000s
|
$ 000s
|
$ 000s
|
|||||||||||
| Mark Zuckerberg CEO | 653 | 1,991 | 1,991 | 1,712 | ||||||||||
| Sheryl Sandberg COO | 16,147 | 26,216 | 26,216 | 30,958 | ||||||||||
| Mike Schroepfer CTO | 12,558 | 20,726 | 20,726 | 24,804 | ||||||||||
| David Ebersman Former CFO | 10,464 | 17,544 | 17,544 | 18,761 | ||||||||||
| David Fischer VP Business&Marketing Pships | 8,009 | 12,013 | N/A | N/A | ||||||||||
| Totals | 47,831 | 78,490 | 66,477 | 76,235 | ||||||||||
| Annual % Change From Prior Year | -39.1% | -12.8% | ||||||||||||
| 7 Year Average Per Year % Change | 2.8% |
