Saturday, July 13, 2019

Silicon Valley-Based Semiconductor Company Broadcom, Inc's Top-Tier Executives Average Pay Raise Was a Blistering 119.3% Per Year During the Past Ten Years (Oct 2009-Oct 2018)

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

Broadcom's Top-Tier Executives Average Annual Pay Raise of 119.3% per year over the past 10 years is substantially higher than Intel's clean 11.3% per year.

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 just recently 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.  Broadcom here is the 12th large non-Dow Technology Company I have made a post on and later I will be making similar posts on many more large non-Dow Companies, both Technology and  Non-Technology ones, 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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Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Broadcom
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
Hock Tan CEO       5,042   103,211   103,211     24,692     24,692       4,026       4,026     17,203     17,203     31,867
Thomas Krause CFO       7,333     11,138     11,138       3,453  N/A   N/A     
Charlie Kawwas Chief Sales Officer       7,262       8,500       8,500       5,323       5,323       4,876  N/A   N/A     
Mark Brazeal Chief Legal Officer  N/A   N/A 
Bryan Ingram GM,Wireless Semiconductor Div       7,561       9,077       9,077       4,101       4,101       7,384       7,384     11,602     11,602       3,009
Anthony Maslowski Former CFO  N/A   N/A        4,565       3,008       3,008       4,561
Boon Chye Ooi Global Operations       4,932       3,297       3,297       1,800
Patricia McCall General Counsel       2,237       1,062
Totals     27,198   131,926   131,926     37,569     34,116     16,286     20,907     35,110     37,347     42,299
Annual % Change vs Prior Year -79.4% 251.2% 109.5% -40.5% -11.7%
FYE
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Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Broadcom
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
Hock Tan CEO     31,867          753          753     16,254     16,249       2,253       2,253     10,318     10,318       1,573
Bryan Ingram GM,Wireless Semiconductor Div       3,009          671          671       4,438       4,438          884          884       3,241       3,241       1,155
Anthony Maslowski Former CFO  N/A   N/A     
Boon Chye Ooi Global Operations       1,800       3,382       3,382       1,050       1,047       1,047       1,047       3,341  N/A   N/A 
Patricia McCall General Counsel       1,062       1,809       1,809          589          589          571          571       1,151  N/A   N/A 
Douglas Bettinger Former CFO  N/A   N/A        1,893       1,421       1,421          879          879       2,266       2,266       1,145
Totals     37,738       6,615       8,508     23,752     23,744       5,634       5,634     20,317     15,825       3,873
Annual % Change 470.5% -64.2% 321.4% -72.3% 308.6%
10 Year Average Per Year % Change 119.3%