Monday, July 22, 2019

Restaurant Brands International Inc's Top-Tier Executives Average Pay Raise Was a Blistering 38.9% Per Year During the Past Six Years

From Company Proxy Statement filings with the SEC, the chart at the very bottom below shows Restaurant Brands International Inc's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent six years.  Restaurant Brands Intl was formed from the 2014 merger of Burger King Worldwide and Tim Hortons Inc.  Restaurant Brands Intl has only filed 5 Proxy Statements and they contained only 6 Years of Comparative Compensation disclosures and that is why the below chart only covers 6 years.

Restaurant Brands Intl's Top-Tier Executives Average Annual Pay Raise of a blistering 38.9% per year over the past 6 years is second highest of the 23 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. Restaurant Brands Intl +38.9% per year for the past six years
  3. Dollar General +34.2% per year for the past ten years
  4. McDonald's +30.7% per year for the past ten years
  5. Walgreens Boots Alliance +22.2% per year for the past ten years
  6. Ross Stores +20.8% per year for the past ten years
  7. The TJX Companies +20.7% per year for the past ten years
  8. Starbucks +16.4% per year for the past ten years
  9. Best Buy Co +15.0% per year for the past ten full years
  10. Chipotle Mexican Grill +14.3% per year for the past ten years
  11. AutoZone +13.4% per year for the past ten years
  12. Dollar Tree +13.2% per year for the past ten years
  13. Ulta Beauty +13.1% per year for the past ten years
  14. CVS Health +13.1% per year for the past ten years
  15. Sherwin-Williams Co +12.0% per year for the past ten years
  16. The Kroger Co +11.2% per year for the past ten years
  17. Target Corp +10.1% per year for the past ten years
  18. O'Reilly Automotive's 8.4% per year for the past ten years
  19. Costco +7.1% per year for the past ten years
  20. Home Depot +6.5% per year for the past ten years
  21. Walmart +5.8% per year for the past ten years
  22. YUM! Brands +4.9% per year for the past ten years
  23. 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 and I only have one more of them to address at this time.

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

Dec
Dec
Dec
Dec
Dec
Dec
Restaurant Brands Intl
2018
2017
2017
2016
2016
2015
Top-Tier
Total
Total
Total
Total
Total
Total
Executive
Comp
Comp
Comp
Comp
Comp
Comp
$ 000s
$ 000s
$ 000s
$ 000s
$ 000s
$ 000s
Daniel Schwartz CEO            18,783              4,152                  4,152              6,174              6,174              7,167
Joshua Kobza Former CFO              2,470              5,303              5,303            14,408            14,408              4,946
Jose Cil President Burger King            15,330              2,469              2,469              3,953              3,953              3,981
Heitor Goncalves Chief People Officer              1,761              1,900              1,900              3,497              3,497              3,209
Elias Diaz Sese President Tim Hortons              4,522              7,299
 Totals             38,344            13,824            13,824            28,032            32,554            26,602
Annual % Change vs Prior Year 177.4% -50.7% 22.4%
FYE
FYE
FYE
FYE
FYE
FYE
Dec
Dec
Dec
Dec
Dec
Dec
Restaurant Brands Intl
2015
2014

2014
2013
2013
2012
Top-Tier
Total
Total

Total
Total
Total
Total
Executive
Comp
Comp

Comp
Comp
Comp
Comp
$ 000s
$ 000s

$ 000s
$ 000s
$ 000s
$ 000s
Daniel Schwartz CEO              7,167              6,013                  6,013              4,771              4,771              4,091
Joshua Kobza Former CFO              4,946              3,519                  3,519              1,796
 N/A 
 N/A 
Jose Cil President Burger King              3,981              3,875                  3,875              2,837              2,837              3,559
Heitor Goncalves Chief People Officer              3,209              2,010                  2,010              1,697
 N/A 
 N/A 
Elias Diaz Sese President Tim Hortons              7,299              2,839    
 N/A 
 N/A 
 N/A 
 N/A 
   
 Totals             26,602            18,256                15,417            11,101              7,608              7,650
Annual % Change vs Prior Year 45.7%     38.9% -0.5%
6 Year Average Per Year % Change 38.9%



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