Tuesday, July 2, 2019

Walgreens Boots Alliance and Formerly Walgreen Co Top-Tier Executives Average Pay Raise Was a Blistering 22.2% Per Year During the Past Ten Years (2009-2018)

From Company Proxy Statement filings with the SEC, below are the Walgreens Boots Alliance  (formerly Walgreen Co) Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.

Walgreens Boots Alliance/Walgreen Co is the 18th Dow Industrial Company I have researched so far on Top-Tier Executives Average Long-term % Pay Raises Per Year.  Its Blistering 22.2% per year is the third highest of these 18 Dow Companies.  The two higher Dow  Companies are also Chicago area companies:  McDonald's 30.7% and Caterpillar's 24.4%.  

To fix Income Inequality driven mainly by Company 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.

Also, the US Government should require all US Corporate Boards to include at least one worker representative. 

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
Aug Aug Aug Aug Aug Aug Aug Aug Aug Aug
Walgreens Boots Alliance 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
Stefano Pessina     13,542     14,674     14,674     10,140     10,140       7,133  N/A   N/A 
James Kehoe  N/A   N/A 
Omella Barra       6,648       8,679       8,679       7,118  N/A   N/A     
Alexander Gourlay       6,875       7,592       7,592       8,095       8,095       4,495  N/A   N/A 
James Skinner       6,815       7,586       7,586       6,373       6,373       5,480  N/A   N/A 
George Fairweather       6,495       7,397       7,397       6,671       6,671       3,048  N/A   N/A 
Kathleen Wilson-Thompson          N/A   N/A 
Gregory Wasson     20,108     16,733     16,733     13,655
Timothy McLevish  N/A   N/A 
Timothy Theriault  N/A   N/A 
Jeffrey Berkowitz  N/A   N/A 
Mark Wagner       5,056       4,205
Kermit Crawford       5,194       4,210
Thomas Sabatino       4,551       3,381
Wade Miquelon       5,020       4,316
Totals     40,375     45,928     45,928     38,397     31,279     20,156     20,108     16,733     36,554     29,767
Annual % Change -12.1% 19.6% 55.2% 20.2% 22.8%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Aug Aug Aug Aug Aug Aug Aug Aug Aug Aug
Walgreen 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
Gregory Wasson     13,655     12,041     12,041     12,116     12,116       8,031       8,031       6,168       6,168       3,135
Mark Wagner       4,205       3,046       3,046       3,844       3,844       3,172       3,172       2,667       2,667       2,184
Kermit Crawford       4,202       2,907       2,907       3,605  N/A   N/A     
Thomas Sabatino  N/A   N/A     
Wade Miquelon       4,327       3,176       3,176       4,007       4,007       3,467       3,467       2,306  N/A   N/A 
Joseph Magnacca  N/A   N/A 
Timothy Theriault  N/A   N/A 
Kathleen Wilson-Thompson  N/A   N/A 
Stanley Blaylock  N/A   N/A        2,014       1,255
George Riedl  N/A   N/A        2,320       2,202
Alan McNally  N/A   N/A 
Jeffrey Rein       6,887       6,233
Totals     26,389     21,170     21,170     23,572     19,967     14,670     14,670     11,141     20,056     15,009
Annual % Change 24.7% -10.2% 36.1% 31.7% 33.6%
10 Year Avg Per Year % Change 22.2%