Southfield, Michigan-Based Motor Vehicle Supplier Lear Corp's Top-Tier Executives Average Pay Raise Was a Completely Off-the-Charts 56.1% Per Year During the Past 10 Years (2009-2018). Lear Corp Top-Tier Execs Flat Out Cleaned Up in the Auto Bailout Period, With Their Total Annual Compensation Going From $5.458 Mil in 2008 to $31.051 Mil in 2011. Further, the Restricted Stock Units Granted to Lear Corp Top-Tier Execs Just in 2009 Had a Total Fair Value on 2009 Grant Date of $21.960 Mil and Lear Corp's Stock Market Price Advanced From $33.82 Per Share at 2009 Year End to a High of $206.36 Per Share in Mid June 2018.

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 12th Michigan Company I am addressing is Lear Corp.

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

Lear Corp's Top-Tier Executive Average Pay Raise was a completely off-the-charts 56.1% per year for the last decade and is by far the highest of the 12 large Michigan Companies I have addressed so far.

1. Lear Corp's +56.1% per year for the pat ten years
2. Domino's Pizza +31.8% per year for the past ten years
3. General Motors  +29.5% per year for the past ten years
4. BorgWarner +25.3% per year for the past ten years
5. CMS Energy +21.9% per year for the past ten years
6. Stryker Corp +20.7% per year for the past ten years
7. Ford Motor Co +17.0% per year for the past ten years
8. Masco +15.6% per year for the past ten years
9. Ally Financial +15.6% per year for the past four years
10. DTE Energy +10.6% per year for the past ten years
11. Aptiv PLC +10.0% per year for the past eight years
12. 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
Lear 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
Raymond Scott CEO	9,936	5,475		5,475	4,864		4,864	4,577		4,577	4,752		4,752	4,209
Jeffrey Vanneste CFO	4,362	4,897		4,897	4,498		4,498	4,103		4,103	3,998		3,998	3,530
Terrence Larkin General Counsel	4,197	4,930		4,930	4,747		4,747	4,552		4,552	4,436		4,436	4,191
Frank Orsini President Seating	4,156	4,347		4,347	4,064		4,064	3,803		3,803	3,673		N/A	N/A
Thomas DiDonato Chief Admin Officer	N/A	N/A
Matthew Simoncini Former CEO	1,359	14,833		14,833	14,444		14,444	13,612		13,612	12,174		12,174	10,802
Totals	24,010	34,482		34,482	32,617		32,617	30,647		30,647	29,033		25,360	22,732
Annual % Change vs Prior Year	-30.4%			5.7%			6.4%			5.6%			11.6%
	FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
Lear 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
Raymond Scott CEO	4,209	4,975		4,975	4,157		4,157	2,894		2,894	5,222		5,222	883
Jeffrey Vanneste CFO	3,530	3,969		N/A	N/A
Terrence Larkin General Counsel	4,191	4,829		4,829	3,855		3,855	2,775		2,775	5,105		N/A	N/A
Frank Orsini President Seating
Thomas DiDonato Chief Admin Officer
Matthew Simoncini Former CEO	10,802	10,141		10,141	5,782		5,782	2,826		2,826	5,182		5,182	959
Melvin Stephens SVP Communications	3,269	3,887		3,887	3,397		N/A	N/A
Jason Cardew VP and Former Interim CFO				1,523	1,292		N/A	N/A
Robert Rossiter Former CEO				N/A	N/A		13,330	9,092		9,092	18,658		18,658	2,737
Louis Salvatore Former President Seating							3,927	2,878		2,878	5,209		5,209	879
Totals	26,001	27,801		25,355	18,483		31,051	20,465		20,465	39,376		34,271	5,458
Annual % Change vs Prior Year	-6.5%			37.2%			51.7%			-48.0%			527.9%
10 Year Average Per Year % Change		56.1%