Friday, July 19, 2019

Ross Stores Top-Tier Executives Average Pay Raise Was a Very Robust 20.8% Per Year During the Past Ten Years (2009-2018)

From Company Proxy Statement filings with the SEC, below are Ross Stores Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.

Ross Stores Top-Tier Executives Average Annual Pay Raise of 20.8% per year over the past 10 years is the 4th highest of the 12 largest Retail Companies I have researched and made similar posts on:
  1. Amazon +659.0% per year for the past ten years
  2. McDonald's +30.7% per year for the past ten years
  3. Walgreens Boots Alliance +22.2% per year for the past ten years
  4. Ross Stores +20.8% per year for the past ten years
  5. The TJX Companies +20.7% per year for the past ten years
  6. Starbucks +16.4% per year for the past ten years
  7. CVS Health +13.1% per year for the past ten years
  8. Target Corp +10.1% per year for the past ten years
  9. Costco +7.1% per year for the past ten years
  10. Home Depot +6.5% per year for the past ten years
  11. Walmart +5.8% per year for the past ten years
  12. 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
Ross Stores 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
Barbara Rentler CEO     12,249     12,401     12,401     11,117     11,117     10,158     10,158     12,084     12,084       4,829
Michael Hartshorn CFO       3,306       2,966       2,966       2,653       2,653       2,074       2,074       1,578  N/A   N/A 
Michael O'Sullivan COO       9,842       9,903       9,903       8,954       8,954       8,431       8,431     10,068     10,068       4,493
Michael Balmuth Executive Chairman       9,386       8,129       8,129       8,121       8,121       7,207       7,207       5,513       5,513       6,235
Bernard Brautigan President Merchandising       4,838       4,952       4,952       4,818  N/A   N/A 
James Fassio President        6,344       4,044
 Totals      39,621     38,351     38,351     35,663     30,845     27,870     27,870     29,243     34,009     19,601
Annual % Change vs Prior Year 3.3% 7.5% 10.7% -4.7% 73.5%
5 Year Average Per Year % Change 18.1%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Ross Stores 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
Barbara Rentler CEO       4,829       4,691       4,691       4,435       4,627       3,404       3,404       7,513       7,513       3,433
Michael O'Sullivan COO       4,493       4,062       4,062       3,875       4,045       3,013       3,013       6,689       6,689       2,919
Michael Balmuth Executive Chairman       6,235     10,562     10,562     12,027     12,478     11,670     11,670     10,600     10,600       3,017
James Fassio President        4,044       3,772       3,772       3,638       3,760       2,872       2,872       4,994       4,994       2,314
John Call CFO       2,574       1,894       1,894       1,519       1,541       1,418       1,418       1,367       1,367       1,245
 Totals      22,175     24,981     24,981     25,494     26,451     22,377     22,377     31,163     31,163     12,928
Annual % Change -11.2% -2.0% 18.2% -28.2% 141.1%
5 Year Average Per Year % Change 23.6%
10 Year Average Per Year % Change 20.8%



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