Livonia, Michigan Manufacturer Masco Corp's Top-Tier Executives Average Pay Raise Was a Very Robust 15.6% 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 11th Michigan Company I am addressing is Masco Corp.

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

Masco Corp's Top-Tier Executive Average Pay Raise was a very robust 15.6% per year for the last decade and is tied for the 7th highest of the 11 large Michigan Companies I have addressed so far.

1. Domino's Pizza +31.8% per year for the past ten years
2. General Motors  +29.5% per year for the past ten years
3. BorgWarner +25.3% per year for the past ten years
4. CMS Energy +21.9% per year for the past ten years
5. Stryker Corp +20.7% per year for the past ten years
6. Ford Motor Co +17.0% per year for the past ten years
7. Masco +15.6% per year for the past ten years
8. Ally Financial +15.6% per year for the past four years
9. DTE Energy +10.6% per year for the past ten years
10. Aptiv PLC +10.0% per year for the past eight years
11. Kellogg +7.8% 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
Masco Corp	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
Keith Allman CEO	11,636	11,504		11,504	9,766		9,766	8,342		8,342	5,247		N/A	N/A
John Sznewajs CFO	3,583	4,144		4,144	3,503		3,503	3,453		3,453	3,715		3,715	2,681
Richard O'Reagan Group President	2,719	2,741		2,741	1,924		1,924	1,870		1,870	1,141		N/A	N/A
Jai Shah Group President	N/A	N/A											1,751	1,418
Kenneth Cole General Counsel	2,082	2,083		2,083	1,787		N/A	N/A
Christopher Kastner Masco Operating System				1,648	1,172		1,172	2,250		N/A	N/A
John Lindow VP Controller													1,233	1,019
Timothy Wadhams Former CEO
Totals	20,020	20,472		22,120	18,152		16,365	15,915		13,665	10,103		6,699	5,118
Annual % Change vs Prior Year	-2.2%			21.9%			2.8%			35.3%			30.9%
5 Year Average Per Year % Change		17.7%
	FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
Masco Corp	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
John Sznewajs CFO	2,515	2,021		2,021	2,083		2,083	2,451		2,451	2,302		2,302	1,636
Jai Shah Group President	1,418	1,184		N/A	N/A
Kenneth Cole General Counsel	N/A	N/A
Christopher Kastner Masco Operating System
John Lindow VP Controller	1,019	653		653	753		N/A	N/A
Timothy Wadhams Former CEO	9,218	6,743		6,743	8,103		8,103	10,059		10,059	11,343		11,343	5,919
Greggory Wittrock Former General Counsel	N/A	N/A		960	1,008		N/A	N/A
Charles Greenwood Former VP Human Res				821	883		883	1,245		1,245	1,050		N/A	N/A
Donald DeMarie Former VP and COO							3,418	4,848		4,848	5,361		5,361	3,113
William Anderson Former VP Controller							N/A	N/A		1,760	2,256		2,256	1,354
Totals	14,170	10,601		11,198	12,830		14,487	18,603		20,363	22,312		21,262	12,022
Annual % Change vs Prior Year	33.7%			-12.7%			-22.1%			-8.7%			76.9%
5 Year Average Per Year % Change		13.4%
10 Year Average Per Year % Change		15.6%