Monday, July 1, 2019

United Technologies Top-Tier Executives Average Pay Raise Was 9.0% Per Year During the Past Twelve Years (2007-2018)

From Company Proxy Statement filings with the SEC, below are the United Technologies Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent twelve years.

United Technologies is the 14th Dow Industrial Company I have researched on Top-Tier Executives Average Long-term % Pay Raises Per Year.  

The US Government should pass wisely-designed Fair Pay Raise Income Inequality Narrowing Company tax incentives ..... the carrot ..... and Company wise tax disincentives ..... the stick.

The US Government should also require all US Corporate Boards to include at least one worker representative or else Income Inequality will never narrow. 

I will continue this same research for many other large US Companies to get a better handle on just why the US has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative annual pay raise percentages.
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
United Technologies 2018 2017 2017 2016 2016 2015 2015 2014 2014 2013 2013 2012
Top-Tier Total Total Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Hayes     18,418     17,027     17,027     15,831     15,831     10,768     10,768       8,986       8,986       7,631       7,631       9,232
Johri       6,455       6,063       6,063       5,095       5,095     12,369  N/A   N/A 
Ortberg  N/A   N/A 
Marks  N/A   N/A 
Gitlin       6,442     10,279  N/A   N/A     
McDonough       5,936       6,516  N/A   N/A 
Delpech  N/A   N/A 
Leduc       6,103       5,664  N/A   N/A 
Darnis     14,410     13,110     13,110       7,930       7,930     10,275
Adams  N/A   N/A 
Gill       4,466       6,495  N/A   N/A 
Bellemare  N/A   N/A        7,982       6,743       6,743     11,517
Chenevert     27,108     20,274     20,274     27,562
Hess       5,218       8,019
Totals     31,315     33,369     35,129     33,106     20,926     23,137     29,644     28,591     57,186     42,578     47,796     66,605
Annual % Change -6.2% 6.1% -9.6% 3.7% 34.3% -28.2%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
United Technologies 2012 2011 2011 2010 2010 2009 2009 2008 2008 2007 2007 2006
Top-Tier Total Total Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Chenevert     27,562     27,610     27,610     22,086     22,086     20,502     20,502     23,576     23,576     12,229     20,829       7,820
Darnis     10,275       8,479       8,479       8,097       8,097       6,880       6,880       9,020       9,020       6,016       6,972       5,180
Hayes       9,232       7,910       7,910       6,047       6,047       5,957       5,957       5,731       5,731       3,388       3,412       2,405
Bellemare     11,517       5,707  N/A   N/A     
Hess       8,019       6,072       6,072       5,756  N/A   N/A 
Michaud-Daniel       5,196       5,216  N/A   N/A     
Ari Bousbib  N/A   N/A        8,838     12,352     12,352       6,650       7,606       5,933
David  N/A   N/A      26,284     34,848     38,073     27,175
Geisler       3,286       2,299
Totals     66,605     55,778     55,267     47,202     36,230     33,339     42,177     50,679     76,963     63,131     80,178     50,812
Annual % Change 19.4% 17.1% 8.7% -16.8% 21.9% 57.8%
12 Year Avg Per Year % Change 9.0%




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