El Paso, Texas-Based Utility El Paso Electric Co's Top-Tier Executives Average Pay Raise Was a Robust 15.5% 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 22nd Texas Non-Oil & Gas Company I am addressing here is El Paso Electric Co.  

From annual compensation information contained in Company Proxy Statement filings with the US SEC, the chart at the bottom below shows El Paso Electric Co's Top-Tier Executives Annual Total Compensation for each of two consecutive substantially full years of employment for the past ten years. 

El Paso Electric Co's Top-Tier Executives Average Pay Raise was a robust 15.5% per year for the past ten years, which is 14th highest of the 22 large Texas Non-Oil & Gas Companies I have addressed so far.

1. Copart +183.2% per year for the past ten years
2. American Airlines Group +85.9% per year for nine of the past 10 years
3. Invitation Homes +78.6% per year for the past two years
4. Tyler Technologies +61.2% per year for the past ten years
5. Vistra Energy +50.6% in the past year 
6. LyondellBasell +45.9% per year for the past eight years
7. Celanese +27.8% per year for the last ten years
8. Yum China Holdings +23.8% per year for the past 5 years
9. D R Horton +20.1% per year for the past ten years
10. Dell Technologies +18.8% per year for seven of the past ten years
11. Sysco +18.7% per year for the past ten years
12. Waste Connections +18.1% per year for the past ten years
13. Southwest Airlines +18.0% per year for the past ten years
14. El Paso Electric Co +15.5% per year for the past ten years
15. Atmos Energy +14.4% per year for the past ten years
16. AT&T +13.8% per year for the past ten years
17. Waste Management +13.2% per year for the past ten years
18. Match Group +12.2% per year for the past six years
19. Texas Instruments +7.2% per year for the past ten years
20. Crown Castle International +6.3% per year for the past ten years
21. Kimberly-Clark +5.8% per year for the past ten years
22. CenterPoint Energy +5.8% 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.

	Dec	Dec			Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
El Paso Electric	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 Kipp CEO	3,113	3,186			3,186	3,064		3,064	2,186		2,186	865		865	641
Nathan Hirschi CFO	1,068	1,056			1,056	1,039		1,039	911		911	732		732	457
Buraczyk SVP Operations	934	1,272			1,272	1,143		1,143	772
Rocky Miracle Chief Compliance Officer	771	954			954	863		863	756		756	722		722	614
Rodriguez General Counsel	N/A	N/A
William Stiller Chief HR Officer					N/A	N/A		N/A	N/A		702	844
Thomas Shockley Former CEO											1,863	1,985		1,986	1,908
Hector Puente Former EVP														1,492	729
David Carpenter Former EVP														1,164	888
Totals	5,886	6,468			6,468	6,109		6,109	4,625		6,418	5,148		6,961	5,237
Annual % Change vs Prior Year	-9.0%				5.9%			32.1%			24.7%			32.9%
5 Year Average Per Year % Change		17.3%
	FYE	FYE			FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec			Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
El Paso Electric	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 Kipp CEO	641	732			732	670		670	478
Nathan Hirschi CFO	N/A	N/A
Buraczyk SVP Operations
Rocky Miracle Chief Compliance Officer	614	707			707	659		659	560		560	535
Rodriguez General Counsel
William Stiller Chief HR Officer
Thomas Shockley Former CEO	1,908	1,690
Hector Puente Former EVP	729	929
David Carpenter Former EVP	888	1,024			1,024	996		996	900		900	591		591	430
David Stevens CEO					N/A	N/A		4,362	2,141		2,141	1,866		N/A	N/A
Richard Fleager SVP					N/A	N/A		655	591
Frank Bates President														1,168	1,495
Totals	4,780	5,082			2,463	2,325		7,342	4,670		3,601	2,992		1,759	1,925
Annual % Change vs Prior Year	-5.9%				5.9%			57.2%			20.4%			-8.6%
5 Year Average Per Year % Change		13.8%
10 Year Average Per Year % Change		15.5%