Monday, July 22, 2019

Ulta Beauty Inc's Top-Tier Executives Average Pay Raise Was a Robust 13.1% Per Year During the Past Ten Years (2009-2018)

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

Ulta Beauty's Top-Tier Executives Average Annual Pay Raise of a robust 13.1% per year over the past 10 years is tied for the 12th highest of the 22 largest Retail Companies I have researched and made similar posts on so far:
  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. Best Buy Co +15.0% per year for the past ten full years
  9. Chipotle Mexican Grill +14.3% per year for the past ten years
  10. AutoZone +13.4% per year for the past ten years
  11. Dollar Tree +13.2% per year for the past ten years
  12. Ulta Beauty +13.1% per year for the past ten years
  13. CVS Health +13.1% per year for the past ten years
  14. Sherwin-Williams Co +12.0% per year for the past ten years
  15. The Kroger Co +11.2% per year for the past ten years
  16. Target Corp +10.1% per year for the past ten years
  17. O'Reilly Automotive's 8.4% per year for the past ten years
  18. Costco +7.1% per year for the past ten years
  19. Home Depot +6.5% per year for the past ten years
  20. Walmart +5.8% per year for the past ten years
  21. YUM! Brands +4.9% per year for the past ten years
  22. 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 and I only have two more of them to address at this time.  

    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
    Ulta Beauty 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
    Mary Dillon CEO     14,245       7,491       7,491       7,842       7,842     18,563     18,563       6,196  N/A   N/A 
    Scott Settersten CFO       2,578       2,348       2,348       2,329       2,329       1,347       1,347       1,137       1,137       1,182
    Jodi Caro General Counsel       1,553       1,353       1,353       1,254  N/A   N/A         
    Jeffrey Childs Chief Human Resources Officer       1,489       1,428       1,428       1,587       1,587       1,344       1,344       1,555  N/A   N/A 
    David Kimbell Chief Mdsing&Mkting Officer       2,920       2,343       2,343       2,331       2,331       1,499       1,499       2,317  N/A   N/A 
    Robert Guttman Former General Counsel  N/A   N/A           940       1,011
    Janet Taake Chief Merchandising Officer  N/A   N/A        1,233       1,352
     Totals      22,785     14,963     14,963     15,343     14,089     22,753     22,753     11,205       3,310       3,545
    Annual % Change vs Prior Year 52.3% -2.5% -38.1% 103.1% -6.6%
    5 Year Average Per Year % Change 21.6%
    FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
    Ulta Beauty 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
    Mary Dillon CEO  N/A   N/A 
    Scott Settersten CFO       1,182          700  N/A   N/A 
    Jeffrey Childs Chief Human Resources Officer  N/A   N/A 
    Robert Guttman Former General Counsel       1,011          757          757          865          865          825          825          785  N/A   N/A 
    Janet Taake Chief Merchandising Officer  N/A   N/A 
    Chuck Rubin CEO  N/A   N/A        3,445       3,765  N/A   N/A             
    Gregg Bodnar CFO  N/A   N/A        1,286       1,440       1,440       1,199       1,199       1,742
    Lynelle Kirby Former CEO       3,266       3,729       3,729       3,758
     Totals        2,193       1,457       4,202       4,630       2,151       2,265       5,531       5,713       4,928       5,500
    Annual % Change 50.5% -9.2% -5.0% -3.2% -10.4%
    5 Year Average Per Year % Change 4.5%
    10 Year Average Per Year % Change 13.1%