Southfield, Michigan-Based Auto Finance Company Credit Acceptance Corp's Top-Tier Executives Average Pay Raise Was a Completely Off-the-Charts 195.9% Per Year During the Past 10 Years (2009-2018). The Main Driver Here Is That Its CEO Received 50,000 Restricted Stock Units in 2012 X the Common Stock Market Price on Grant Date of $106.50 Per Share = Compensation of $53.250 Mil in 2012. And Subsequently, the Underlying Common Stock Market Price Has Risen Dramatically to $492.50 Per Share Presently.

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 14th Michigan Company I am addressing is Credit Acceptance Corp.

Credit Acceptance Corp is an Auto Finance Company.

It provides high interest rate loans to people who don't have great credit.

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

Credit Acceptance Corp's Top-Tier Executive Average Pay Raise was a completely off-the-charts 195.9% per year for the last decade and is by far the highest of the 14 large Michigan Companies I have addressed so far.

1. Credit Acceptance Corp +195.9% per year for the past ten years
2. Sun Communities Inc +72.8% per year for the past ten years
3. Lear Corp's +56.1% per year for the pat ten years
4. Domino's Pizza +31.8% per year for the past ten years
5. General Motors  +29.5% per year for the past ten years
6. BorgWarner +25.3% per year for the past ten years
7. CMS Energy +21.9% per year for the past ten years
8. Stryker Corp +20.7% per year for the past ten years
9. Ford Motor Co +17.0% per year for the past ten years
10. Masco +15.6% per year for the past ten years
11. Ally Financial +15.6% per year for the past four years
12. DTE Energy +10.6% per year for the past ten years
13. Aptiv PLC +10.0% per year for the past eight years
14. 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, simple but effective Fair Pay Raise Income Inequality Narrowing Company tax incentives for rewarding non-executive employees with fair pay increases ..... the carrot ..... and Company tax disincentives for rewarding executive employees with clearly excessively high pay increases ..... the stick.  I am certain ..... it is simple math ..... that this tax proposal would be very effective in substantially reducing the huge income inequality expansion that has occurred for decades in annual percentage pay raises between company executives and the rest of the company employees. 

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, including those retired.

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
Credit Acceptance 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
Brett Roberts CEO	1,036	1,036		1,036	1,033		1,033	1,033		1,033	1,033		1,033	1,033
Kenneth Booth CFO	1,218	2,235		2,235	1,072		1,072	1,060		1,060	1,412		1,412	580
Charles Pearce Chief Legal Officer	1,218	2,235		2,235	1,072		1,072	1,060		1,060	1,410		1,410	531
Arthur Smith Chief Analytics Officer	1,218	2,236		2,236	1,072		1,072	1,060		1,060	1,412		N/A	N/A
Daniel Ulatowski Chief Sales Officer	1,218	2,235		2,235	1,072		1,072	1,060		1,060	1,412		N/A	N/A
Steven Jones President				3,065	1,484		1,484	1,467		1,467	1,965		1,965	634
Totals	5,908	9,977		13,042	6,805		6,805	6,740		6,740	8,644		5,820	2,778
Annual % Change vs Prior Year	-40.8%			91.7%			1.0%			-22.0%			109.5%
5 Year Average Per Year % Change		27.9%
	FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
Credit Acceptance 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
Brett Roberts CEO	1,033	54,283		54,283	982		982	807		807	805		805	800
Kenneth Booth CFO	580	563		563	539		539	515		515	593		593	784
Charles Pearce Chief Legal Officer	531	498		N/A	N/A
Arthur Smith Chief Analytics Officer
Daniel Ulatowski Chief Sales Officer
Steven Jones President	634	615		615	585		585	556		556	2,093		2,093	2,871
John Neary Chief Admin Officer	695	670		670	612		612	536		N/A	N/A
Donald Foss Chairman							479	479		479	477		477	476
Michael Miotto Chief Information Officer													572	857
Totals	3,473	56,629		56,131	2,718		3,197	2,893		2,357	3,968		4,540	5,788
Annual % Change vs Prior Year	-93.9%			1965.2%			10.5%			-40.6%			-21.6%
5 Year Average Per Year % Change		363.9%
10 Year Average Per Year % Change		195.9%