Southfield, Michigan-Based Sun Communities Inc's Top-Tier Executives Average Pay Raise Was a Completely Off-the-Charts 72.8% Per Year During the Past 10 Years (2009-2018)

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 13th Michigan Company I am addressing is Sun Communities Inc.

Sun Communities Inc is an income-tax-free Real Estate Investment Trust.

It invests in manufactured housing (MH) communities and recreational vehicle (RV) communities.

At December 31, 2018, it had 108,963 MH and RV sites with 37,874 or 35% of them located in Florida and 26,504 or 24% of them located in Michigan.

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

Sun Communities Inc's Top-Tier Executive Average Pay Raise was a completely off-the-charts 72.8% per year for the last decade and is the highest of the 13 large Michigan Companies I have addressed so far.

1. Sun Communities Inc +72.8% per year for the past ten years
2. Lear Corp's +56.1% per year for the pat ten years
3. Domino's Pizza +31.8% per year for the past ten years
4. General Motors  +29.5% per year for the past ten years
5. BorgWarner +25.3% per year for the past ten years
6. CMS Energy +21.9% per year for the past ten years
7. Stryker Corp +20.7% per year for the past ten years
8. Ford Motor Co +17.0% per year for the past ten years
9. Masco +15.6% per year for the past ten years
10. Ally Financial +15.6% per year for the past four years
11. DTE Energy +10.6% per year for the past ten years
12. Aptiv PLC +10.0% per year for the past eight years
13. 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 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, 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
Sun Communities Inc	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
Gary Shiffman CEO	9,194	13,630		13,630	6,681		6,681	7,388		7,388	1,659		1,658	14,774
John McLaren President	3,047	3,296		3,296	3,656		3,656	3,881		3,881	1,755		1,754	1,289
Karen Dearing CFO	2,954	3,046		3,046	3,138		3,138	3,236		3,236	1,995		1,994	1,219
Jonathon Colman EVP	560	451		451	1,219		1,219	790		790	1,596		1,595	480
Totals	15,755	20,423		20,423	14,694		14,694	15,295		15,295	7,005		7,001	17,762
Annual % Change vs Prior Year	-22.9%			39.0%			-3.9%			118.3%			-60.6%
5 Year Average Per Year % Change		14.0%
	FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
Sun Communities Inc	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
Gary Shiffman CEO	14,774	1,801		1,801	3,204		3,204	797		797	1,907		1,907	921
John McLaren President	1,289	938		938	1,845		1,845	282		282	583		583	533
Karen Dearing CFO	1,219	690		690	1,578		1,578	296		296	603		603	523
Jonathon Colman EVP	480	373		373	269		269	205		205	205		240	227
Totals	17,762	3,802		3,802	6,896		6,896	1,580		1,580	3,298		3,333	2,204
Annual % Change vs Prior Year	367.2%			-44.9%			336.5%			-52.1%			51.2%
5 Year Average Per Year % Change		131.6%
10 Year Average Per Year % Change		72.8%