Dallas, Texas-Based Building Materials Company Eagle Materials Inc's Top-Tier Executives Average Pay Raise Was an Exceptionally Clean, Blistering 20.5% Per Year During the Past Ten Years (March 2010-March 2019)

The third Democratic 2020 Presidential candidate televised debate will be held in Houston, Texas on September 12, 2019.  Texas is also the home state of Julian Castro and Beto O'Rourke, who have both gained significant momentum in the past month.

The key issue to Texas 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 Texas Companies were rewarded with in the past ten years.  And I'll start with the large Texas Non-Oil & Gas Companies. 

The 46th Texas Non-Oil & Gas Company I am addressing here is Eagle Materials Inc.

From annual compensation information contained in Company Proxy Statement filings with the US SEC, the chart at the bottom below shows Eagle Materials Inc's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the past ten years.
  
Eagle Materials Inc's Top-Tier Executives Average Pay Raise was an exceptionally clean, blistering 20.5% per year for the past ten years, which is the 20th highest of the 46 large Texas Non-Oil & Gas Companies I have addressed so far.

1. SailPoint Technologies +278.1% per year for the past two years
2. Copart +183.2% per year for the past ten years
3. Q2 Holdings +180.3% per year for the past five years
4. SolarWinds +114.4% per year for seven of the past ten years
5. Nexstar Media Group +102.9% per year for the past ten years
6. Reata Pharmaceuticals +99.5% per year for the past four years
7. American Airlines Group +85.9% per year for nine of the past ten years
8. Helen of Troy +84.4% per year for the past ten years
9. Invitation Homes +78.6% per year for the past two years
10. Tyler Technologies +61.2% per year for the past ten years
11. Wingstop +54.2% per year for the past four years
12. Builders FirstSource +50.9% per year for the past ten years
13. Vistra Energy +50.6% in the past year 
14. Rackspace Holdings +50.2% per year for seven of the past ten years
15. LyondellBasell +45.9% per year for the past eight years
16. RealPage +29.2% per year for the past nine years
17. Celanese +27.8% per year for the last ten years
18. National Instruments +25.5% per year for the last ten years
19. Yum China Holdings +23.8% per year for the past 5 years
20. Eagle Materials +20.5% per year for the past ten years
21. D R Horton +20.1% per year for the past ten years
22. Dell Technologies +18.8% per year for seven of the past ten years
23. Sysco +18.7% per year for the past ten years
24. Waste Connections +18.1% per year for the past ten years
25. Cirrus Logic +18.0% per year for the past ten years
26. Southwest Airlines +18.0% per year for the past ten years
27. Sabre Corp +17.7% per year for the past five years
28. Huntsman Corp +17.3% per year for the past ten years
29. Westlake Chemical +16.1% per year for the past ten years
30. El Paso Electric Co +15.5% per year for the past ten years
31. American Campus Communities REIT +15.4% per year for the past ten years
32. Atmos Energy +14.4% per year for the past ten years
33. AT&T +13.8% per year for the past ten years
34. Waste Management +13.2% per year for the past ten years
35. Match Group +12.2% per year for the past six years
36. Service Corp International +10.8% per year for the past ten years
37. Camden Property Trust +10.4% per year for the past ten years
38. Tenet Healthcare +10.3% per year for the past ten years
39. Jacobs Engineering Group +8.7% per year for the past ten years
40. Texas Instruments +7.2% per year for the past ten years
41. Cullen/Frost Bankers +6.9% per year for the past ten years
42. Crown Castle International +6.3% per year for the past ten years
43. Kimberly-Clark +5.8% per year for the past ten years
44. CenterPoint Energy +5.8% per year for the past ten years
45. Lennox international +5.4% per year for the past ten years
46. Silicon Laboratories +4.4% per year for the past ten years

There have been many US Government laws enacted in the past two decades that have substantially increased income inequality expansion but the only highly effective US Government law enacted by either party in the past two decades that has substantially reduced income inequality expansion is Obamacare and the political right is continually trying to repeal and replace it and three of the top four Democratic Presidential candidates now leading in the polls are effectively running as their principal issue to do in essence precisely the same thing ..... repeal and replace Obamacare ..... but to do it with either a pure or a version of Medicare For All.  

The pure Medicare For All advocated by both Bernie Sanders and Elizabeth Warren and which was co-sponsored in a US Senate bill by Kamala Harris is off-the-charts enormously expensive and would take up an enormous amount of wasted time with no positive result since it has no chance of getting passed legislatively.  The US Government CBO hasn't been able to score the cost of a pure version of Medicare For All so far because the proposals have not been nearly specific enough.  If and when they are specific enough, the CBO scoring will make people shake in their boots and wonder just how any Presidential candidate could propose something so fiscally preposterous.  Just given their near-sighted stance on a pure version of Medicare For All, if the Democratic nominee is any of the three of them, it will be extremely difficult for any of them to beat Trump in the general election.  It is that simple.

On the other hand, if Elizabeth Warren got more rational and wisely altered her position some on Medicare For All, she would have a very good chance of beating Trump. 

My objective is to get a better handle on just why the US and particularly here Texas has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative long-term annual pay raise percentages for the executives of a Company vs the many non-executive employees of a Company, coupled with the stock price appreciation subsequent to the time the company executives were rewarded in their pay with stock equity compensation.

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, simple but effective Fair Pay Raise Income Inequality Narrowing Company tax incentives for rewarding non-executive employees with fair pay increases ..... the carrot ..... and Company tax disincentives for rewarding executive employees with clearly excessively high pay increases ..... the stick.  I am certain ..... it is simple math ..... that this tax proposal would be very effective in substantially reducing the huge income inequality expansion that has occurred for decades in annual percentage pay raises between company executives and the rest of the company employees. 

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, including those retired.

Also, the US Government should require all US Corporate Boards to include at least one worker representative and to exclude any Company Executive.

	FYE	FYE			FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	March	March			March	March		March	March		March	March		March	March
Eagle Materials	2019	2018			2018	2017		2017	2016		2016	2015		2015	2014
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
Powers CEO	5,537	5,319			5,319	4,515		4,515	2,270		2,270	1,879		1,879	1,698
Kesler CFO	2,137	2,050			2,050	1,969		1,969	1,754		1,754	1,726		1,726	1,550
Haack COO	2,564	2,366			2,366	2,221		2,221	2,267		N/A	N/A
Stewart EVP	2,077	2,046			2,046	1,966
Metcalf President American Gypsum	N/A	N/A
Graass General Counsel					2,023	1,937
Rowley CEO											8,008	5,437		5,437	5,059
Essl EVP											1,975	2,351		2,351	1,689
Totals	12,315	11,781			13,804	12,608		8,705	6,291		14,007	11,393		11,393	9,996
Annual % Change vs Prior Year	4.5%				9.5%			38.4%			22.9%			14.0%
5 Year Average Per Year % Change		17.9%
	FYE	FYE			FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	March	March			March	March		March	March		March	March		March	March
Eagle Materials	2014	2013			2013	2012		2012	2011		2011	2010		2010	2009
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
Powers CEO	1,698	1,461			1,461	1,683		1,683	985		985	426
Kesler CFO	1,550	1,375			1,375	1,539		1,539	894		894	631		N/A	N/A
Haack COO
Stewart EVP														N/A	N/A
Graass General Counsel	1,587	1,430			1,430	1,669		1,669	988		988	496		496	991
Rowley CEO	5,059	4,586			4,586	5,083		5,083	2,752		2,752	1,242		1,242	3,261
Essl EVP	1,689	1,508			1,508	1,823		1,823	1,111		1,111	610		610	1,146
Totals	11,583	10,360			10,360	11,797		11,797	6,730		6,730	3,405		2,348	5,398
Annual % Change vs Prior Year	11.8%				-12.2%			75.3%			97.7%			-56.5%
5 Year Average Per Year % Change		23.2%
10 Year Average Per Year % Change		20.5%