Wednesday, August 28, 2019

Dallas, Texas -Based Hospital Company Tenet Healthcare's Top-Tier Executives Average Pay Raise Was a Robust 10.3% Per Year During the Past Ten Years (2009-2018)

The third Democratic 2020 Presidential candidate televised debate will be held in Houston, Texas on September 12 and 13, 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 40th Texas Non-Oil & Gas Company I am addressing here is Tenet Healthcare.

From annual compensation information contained in Company Proxy Statement filings with the US SEC, the chart at the bottom below shows Tenet Healthcare's Top-Tier Executives Annual Total Compensation for each of two consecutive substantially full years of employment for the past ten years.
  
Tenet Healthcare's Top-Tier Executives Average Pay Raise was a robust 10.3%
 per year for the past ten years, which is the 33rd highest of the 40 large Texas Non-Oil & Gas Companies I have addressed so far.
  1. Copart +183.2% per year for the past ten years
  2. Q2 Holdings +180.3% per year for the past five years
  3. SolarWinds +114.4% per year for seven of the past ten years
  4. Nexstar Media Group +102.9% per year for the past ten years
  5. Reata Pharmaceuticals +99.5% per year for the past four years
  6. American Airlines Group +85.9% per year for nine of the past ten years
  7. Helen of Troy +84.4% per year for the past ten years
  8. Invitation Homes +78.6% per year for the past two years
  9. Tyler Technologies +61.2% per year for the past ten years
  10. Wingstop +54.2% per year for the past four years
  11. Vistra Energy +50.6% in the past year 
  12. Rackspace Holdings +50.2% per year for seven of the past ten years
  13. LyondellBasell +45.9% per year for the past eight years
  14. RealPage +29.2% per year for the past nine years
  15. Celanese +27.8% per year for the last ten years
  16. National Instruments +25.5% per year for the last ten years
  17. Yum China Holdings +23.8% per year for the past 5 years
  18. D R Horton +20.1% per year for the past ten years
  19. Dell Technologies +18.8% per year for seven of the past ten years
  20. Sysco +18.7% per year for the past ten years
  21. Waste Connections +18.1% per year for the past ten years
  22. Cirrus Logic +18.0% per year for the past ten years
  23. Southwest Airlines +18.0% per year for the past ten years
  24. Sabre Corp +17.7% per year for the past five years
  25. Huntsman Corp +17.3% per year for the past ten years
  26. Westlake Chemical +16.1% per year for the past ten years
  27. El Paso Electric Co +15.5% per year for the past ten years
  28. American Campus Communities REIT +15.4% per year for the past ten years
  29. Atmos Energy +14.4% per year for the past ten years
  30. AT&T +13.8% per year for the past ten years
  31. Waste Management +13.2% per year for the past ten years
  32. Match Group +12.2% per year for the past six years
  33. Tenet Healthcare +10.3% per year for the past ten years
  34. Jacobs Engineering Group +8.7% per year for the past ten years
  35. Texas Instruments +7.2% per year for the past ten years
  36. Cullen/Frost Bankers +6.9% per year for the past ten years
  37. Crown Castle International +6.3% per year for the past ten years
  38. Kimberly-Clark +5.8% per year for the past ten years
  39. CenterPoint Energy +5.8% per year for the past ten years
  40. Lennox international +5.4% per year for the past ten years

FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Tenet Healthcare  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
Ron Rittenmeyer CEO  N/A   N/A 
Dan Cancelmi CFO       3,027       3,403       3,403       4,110       4,110       4,637       4,637       8,782       8,782       3,108
Keith Pitts Vice Chairman     13,684       4,618       4,618       5,392       5,392       6,989       6,989       8,566  N/A   N/A 
Eric Evans Former President Hosp Ops       2,944       3,010       3,010       2,630    
Audrey Andrews General Counsel       2,301       2,678       2,678       2,802       2,802       2,698       2,698       4,943       4,943       1,488
Trevor Fetter Former CEO  N/A   N/A      12,386     15,354     15,354     17,950     17,950     22,734
Britt Reynolds Former President Hosp Ops       4,741       6,537       6,537       3,418
 Totals      21,956     13,709     13,709     14,934     24,690     29,678     34,419     46,778     38,212     30,748
Annual % Change vs Prior Year 60.2% -8.2% -16.8% -26.4% 24.3%
5 Year Average Per Year % Change 6.6%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Texas Company 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
Dan Cancelmi CFO       3,108       3,275    
Keith Pitts Vice Chairman  N/A   N/A     
Audrey Andrews General Counsel  N/A   N/A     
Trevor Fetter Former CEO     22,734     11,240     11,240     10,740     10,740     12,243     12,243     10,701     10,701     11,144
Britt Reynolds Former President Hosp Ops       3,418       4,749    
Gary Ruff Former General Counsel       2,336       1,788       1,788       1,524       1,524       1,288       1,288          812
Cathy Fraser SVP Human Resources       1,418       1,255       1,255       1,347       1,347       1,223       1,223       1,125
Biggs Porter Former CFO  N/A   N/A        3,177       3,434       3,434       2,945       2,945       2,759
Stephen Newman Former COO       4,842       5,506       5,506       4,764       4,764       4,369
 Totals      29,260     19,264     14,994     13,783     21,802     24,054     24,054     20,921     20,921     20,209
Annual % Change vs Prior Year 51.9% 8.8% -9.4% 15.0% 3.5%
5 Year Average Per Year % Change 14.0%
10 Year Average Per Year % Change 10.3%