Sunday, July 21, 2019

Sherwin-Williams Co's Top-Tier Executives Average Pay Raise Was a Robust 12.0% Per Year During the Past Ten Years (2009-2018)

From Company Proxy Statement filings with the SEC, the chart at the very bottom below are Sherwin-Williams Co's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.

Sherwin-Williams Co's Top-Tier Executives Average Annual Pay Raise of 12.0% per year over the past 10 years is the 11th highest of the 19 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. Dollar General +34.2% per year for the past ten years
  3. McDonald's +30.7% per year for the past ten years
  4. Walgreens Boots Alliance +22.2% per year for the past ten years
  5. Ross Stores +20.8% per year for the past ten years
  6. The TJX Companies +20.7% per year for the past ten years
  7. Starbucks +16.4% per year for the past ten years
  8. Chipotle Mexican Grill +14.3% per year for the past ten years
  9. Dollar Tree +13.2% per year for the past ten years
  10. CVS Health +13.1% per year for the past ten years
  11. Sherwin-Williams Co +12.0% per year for the past ten years
  12. The Kroger Co +11.2% per year for the past ten years
  13. Target Corp +10.1% per year for the past ten years
  14. O'Reilly Automotive's 8.4% per year for the past ten years
  15. Costco +7.1% per year for the past ten years
  16. Home Depot +6.5% per year for the past ten years
  17. Walmart +5.8% per year for the past ten years
  18. YUM! Brands +4.9% per year for the past ten years
  19. 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
Sherwin-Williams Co 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
Morikis CEO     13,214     13,513     13,513       9,648       9,648       6,010       6,010       4,204       4,204       4,159
Mistysyn CFO       3,367       3,202  N/A   N/A 
Hennessy SVP Planning Development&Admin       3,949       3,487       3,487       3,565       3,565       3,105       3,105       3,019
Davisson President, The Americas Group       3,343       2,921       2,921       2,659       2,659       2,230       2,230       2,679
Connor Executive Chairman       7,287     12,488     12,488     10,897     10,897     10,817
Kilbane General Counsel       2,194       2,168       2,168       1,816       1,816       2,296
Oberfeld SVP Planning and Development       2,593       2,325       2,325       2,286
 Totals      16,581     16,715     20,805     16,056     25,537     26,890     29,483     24,577     24,577     25,256
Annual % Change vs Prior Year -0.8% 29.6% -5.0% 20.0% -2.7%
5 Year Average Per Year % Change 8.2%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Sherwin-Williams Co 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
Morikis CEO       4,159       4,346       4,346       3,359       3,359       3,446       3,446       3,394       3,394       2,247
Hennessy CFO       3,019       3,185       3,185       2,469       2,469       2,571       2,571       2,741       2,741       1,695
Davisson President, The Americas Group       2,679       2,317       2,317       2,069  N/A   N/A 
Connor Executive Chairman     10,817     10,982     10,982       8,150       8,150       7,735       7,735       7,496       7,496       5,064
Kilbane General Counsel  N/A   N/A 
Oberfeld SVP Planning and Development       2,286       2,332       2,332       2,043       2,043       2,425       2,425       2,297       2,297       1,643
Seitz SVP Strategic Excellence Initiatives       2,152       2,291       2,291       1,349
 Totals      22,960     23,162     23,162     18,090     16,021     16,177     18,329     18,219     18,219     11,998
Annual % Change -0.9% 28.0% -1.0% 0.6% 51.9%
5 Year Average Per Year % Change 15.7%
10 Year Average Per Year % Change 12.0%



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