It was a story of two very different Top-Tier Executive Group pay patterns.
In the most recent five years, Target's Top-Tier Executive Group experienced an Average Pay Increase of a very robust 19.3% per year.
Whereas in the preceding five-year period, Target's Top-Tier Executive Group experienced an Average Pay Increase of only 0.8% per year.
Target's Top-Tier Executives Average Annual Pay Raise of 10.1% per year over the past 10 years is the 7th highest of the eleven largest Retail Companies I have researched and made similar posts on:
- Amazon +659.0% per year for the past ten years
- McDonald's +30.7% per year for the past ten years
- Walgreens Boots Alliance +22.2% per year for the past ten years
- The TJX Companies +20.7% per year for the past ten years
- Starbucks +16.4% per year for the past ten years
- CVS Health +13.1% per year for the past ten years
- Target Corp +10.1% per year for the past ten years
- Costco +7.1% per year for the past ten years
- Home Depot +6.5% per year for the past ten years
- Walmart +5.8% per year for the past ten years
- 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.
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.
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Target Corp
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2018
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2017
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2017
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2016
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2016
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2015
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2015
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2014
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2014
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2013
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Top-Tier
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Total
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Total
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Total
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Total
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Total
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Total
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Executive
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Brian Cornell CEO | 17,204 | 8,399 | 8,399 | 11,281 | 11,281 | 16,946 | N/A | N/A | ||||||
Cathy Smith CFO | 5,581 | 3,312 | 3,312 | 4,439 | N/A | N/A | ||||||||
John Mulligan COO | 8,576 | 4,409 | 4,409 | 7,031 | 7,031 | 10,393 | 10,393 | 6,293 | 6,293 | 4,634 | ||||
Michael McNamara Chief Information Officer | 5,356 | 3,073 | 3,073 | 4,306 | N/A | N/A | ||||||||
Don Liu Chief Legal & Risk Officer | 4,331 | 2,893 | N/A | N/A | ||||||||||
Jeffrey Jones Chief Marketing Officer | 7,673 | 4,359 | 4,359 | 4,292 | ||||||||||
Kathryn Tesija Merchandising&Supply Chain | 6,324 | 7,198 | ||||||||||||
Tina Tyler Chief Stores Officer | 4,525 | 4,680 | ||||||||||||
Gregg Steinhafel CEO | N/A | N/A | ||||||||||||
Totals | 41,048 | 22,086 | 19,193 | 27,057 | 18,312 | 27,339 | 18,066 | 10,652 | 21,501 | 20,804 | ||||
Annual % Change vs Prior Year | 85.9% | -29.1% | -33.0% | 69.6% | 3.4% | |||||||||
5 Year Average Per Year % Change | 19.3% | |||||||||||||
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Target Corp
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2013
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2012
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2012
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2011
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2011
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2010
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2010
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2009
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2009
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2008
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Top-Tier
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Total
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Total
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Total
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Total
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Executive
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Comp
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Comp
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Comp
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Comp
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Comp
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Comp
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$ 000s
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John Mulligan COO | 4,634 | 4,474 | N/A | N/A | ||||||||||
Jeffrey Jones Chief Marketing Officer | N/A | N/A | ||||||||||||
Kathryn Tesija Merchandising&Supply Chain | 7,198 | 7,167 | 7,167 | 6,034 | 6,034 | 5,504 | 5,504 | 5,383 | N/A | N/A | ||||
Tina Schiel Chief Stores Officer | 4,680 | 4,640 | N/A | N/A | ||||||||||
Gregg Steinhafel CEO | 12,953 | 20,647 | 20,647 | 19,707 | 19,707 | 23,990 | 23,990 | 13,307 | 13,307 | 13,498 | ||||
Douglas Scovanner CFO | 5,459 | 8,595 | 8,595 | 8,290 | 8,290 | 8,439 | ||||||||
Terrence Scully President Fincl&Retail Svcs | 4,480 | 4,152 | N/A | N/A | ||||||||||
Michael Francis Chief Marketing Officer | 5,998 | 6,305 | 6,305 | 6,143 | ||||||||||
Totals | 29,465 | 36,928 | 27,814 | 25,741 | 35,680 | 42,241 | 44,087 | 33,285 | 27,902 | 28,080 | ||||
Annual % Change | -20.2% | 8.1% | -15.5% | 32.5% | -0.6% | |||||||||
5 Year Average Per Year % Change | 0.8% | |||||||||||||
10 Year Average Per Year % Change | 10.1% |