Saturday, July 20, 2019

The Kroger Co's Top-Tier Executives Average Pay Raise Was 11.2% 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 The Kroger Co's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.

The Kroger Co's Top-Tier Executives Average Annual Pay Raise of 11.2% per year over the past 10 years is the 9th highest of the 15 largest Retail Companies I have researched and made similar posts on:
  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. CVS Health +13.1% per year for the past ten years
  9. The Kroger Co +11.2% per year for the past ten years
  10. Target Corp +10.1% per year for the past ten years
  11. Costco +7.1% per year for the past ten years
  12. Home Depot +6.5% per year for the past ten years
  13. Walmart +5.8% per year for the past ten years
  14. YUM! Brands +4.9% per year for the past ten years
  15. 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
The Kroger 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
Rodney McMullen CEO     12,038     11,534     11,534     13,217     13,217     11,746     11,746     12,983     12,983       8,886
Michael Schlotman CFO       5,772       5,236       5,236       5,815       5,815       5,911       5,911       5,897       5,897       3,852
Michael Donnelly COO       5,693       5,292       5,292       5,754       5,754       4,976       4,976       3,256       3,256       2,779
Christopher Hjelm Chief Information Officer       4,517       3,370       3,370       3,445       3,445       4,867  N/A   N/A 
Frederick Morganthall       4,278       4,360  N/A   N/A 
Michael Ellis COO       4,390       3,093
Kathleen Barclay SVP Human Resources           3,258       3,614
David Dillon Former Chairman  N/A   N/A 
 Totals      28,020     25,432     25,432     28,231     32,509     31,860     22,633     22,136     29,784     22,224
Annual % Change vs Prior Year 10.2% -9.9% 2.0% 2.2% 34.0%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
The Kroger 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
Rodney McMullen CEO       8,886       5,082       5,082       6,157       6,092       3,396       3,396       5,890       5,890       3,920
Michael Schlotman CFO       3,852       3,010       3,010       3,450       3,436       1,816       1,816       2,211       2,211       1,861
Michael Donnelly COO  N/A   N/A 
Michael Ellis COO  N/A   N/A 
Kathleen Barclay SVP Human Resources       3,603       2,041  N/A   N/A     
David Dillon Former Chairman     12,769     11,286     11,286     12,142     12,025       7,551       7,551     10,347     10,347     10,453
Paul Heldman General Counsel       3,429       3,565       3,565       4,054       4,025       2,349       2,349       3,099  N/A   N/A 
Donald Becker EVP       3,544       3,512       3,512       3,662
 Totals      32,539     24,984     22,943     25,803     25,578     15,112     18,656     25,059     21,960     19,896
Annual % Change 30.2% -11.1% 69.3% -25.6% 10.4%
10 Year Average Per Year % Change 11.2%




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