The key issue to South Carolina citizens should be the huge and continuing Income Inequality Expansion which is at the core of many critical problems the US faces.
Thus I will be doing research and making posts on the average pay raise per year that the Top-Tier Executives of South Carolina Companies were rewarded with in the past ten years.
The first South Carolina Company I am addressing here is Utility Company SCANA Corp, which suffered substantial losses from the Abandonment of a very expensive Nuclear Plant Project. And also SCANA was subsequently acquired on January 1, 2019 by Dominion Energy.
From annual compensation information contained in Company Proxy Statement filings with the SEC, the chart below shows SCANA Corp's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent nine years of Company proxy statement filings with the SEC.
SCANA Corp's Top-Tier Executives Average Pay Raise was 7.4% per year for the nine years from 2009 to 2017, but there is a much bigger story here than that.
FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | |||||
Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | |||||
SCANA Corp | 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 | |||||
Marsh CEO | N/A | N/A | 5,235 | 6,109 | 6,109 | 5,733 | 5,733 | 5,710 | 5,710 | 5,234 | ||||
Addison CFO | N/A | N/A | 2,141 | 2,581 | 2,581 | 2,405 | 2,405 | 2,526 | 2,526 | 2,043 | ||||
Byrne EVP | N/A | N/A | 2,191 | 2,582 | 2,582 | 2,314 | 2,314 | 2,366 | 2,366 | 2,133 | ||||
Kissam SVP | N/A | N/A | 1,028 | 1,220 | 1,220 | 1,121 | 1,121 | 1,213 | 1,213 | 990 | ||||
Archie SVP | N/A | N/A | N/A | N/A | ||||||||||
Lindsay General Counsel | N/A | N/A | 1,219 | 1,507 | 1,507 | 1,488 | 1,488 | 1,508 | 1,508 | 1,381 | ||||
Bullwinkle Former SVP | N/A | N/A | 1,847 | 1,694 | ||||||||||
Totals | - | - | 11,814 | 13,999 | 13,999 | 13,061 | 13,061 | 13,323 | 15,170 | 13,475 | ||||
Annual % Change vs Prior Year | #DIV/0! | -15.6% | 7.2% | -2.0% | 12.6% | |||||||||
4 Year Average Per Year % Change | 0.5% | |||||||||||||
FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | |||||
Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | |||||
SCANA Corp | 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 | |||||
Marsh CEO | 5,234 | 4,970 | 4,970 | 2,613 | 2,613 | 1,988 | 1,988 | 2,108 | 2,108 | 2,069 | ||||
Addison CFO | 2,043 | 1,966 | 1,966 | 1,382 | 1,382 | 1,271 | 1,271 | 1,324 | 1,324 | 1,227 | ||||
Byrne EVP | 2,133 | 2,114 | 2,114 | 1,396 | 1,396 | 1,371 | 1,371 | 1,434 | 1,434 | 1,415 | ||||
Kissam SVP | N/A | N/A | ||||||||||||
Lindsay General Counsel | 1,381 | 1,253 | 1,253 | 963 | 963 | 971 | 971 | 903 | N/A | N/A | ||||
Bullwinkle Former SVP | 1,694 | 1,707 | 1,707 | 1,530 | 1,530 | 1,534 | 1,534 | 1,568 | 1,568 | 1,582 | ||||
Timmerman Former CEO | N/A | N/A | 4,997 | 5,033 | 5,033 | 5,255 | ||||||||
Totals | 12,485 | 12,010 | 12,010 | 7,884 | 7,884 | 7,135 | 12,132 | 12,370 | 11,467 | 11,548 | ||||
Annual % Change vs Prior Year | 4.0% | 52.3% | 10.5% | -1.9% | -0.7% | |||||||||
5 Year Average Per Year % Change | 12.8% | |||||||||||||
9 Year Average Per Year % Change | 7.4% |