Houston, Texas-Based Infrastructure Services Company Quanta Services Inc's Top-Tier Executives Average Pay Raise Was a Clean, Blistering 28.1% 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, 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 47th Texas Non-Oil & Gas Company I am addressing here is Quanta Services Inc.

From annual compensation information contained in Company Proxy Statement filings with the US SEC, the chart at the bottom below shows Quanta Services Inc's Top-Tier Executives Annual Total Compensation for each of two consecutive substantially full years of employment for the past ten years.
  
Quanta Services Inc's Top-Tier Executives Average Pay Raise was a clean, blistering 28.1% per year for the past ten years, which is the 17th highest of the 47 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. Quanta Services +28.1% per year for the past ten years
18. Celanese +27.8% per year for the last ten years
19. National Instruments +25.5% per year for the last ten years
20. Yum China Holdings +23.8% per year for the past 5 years
21. Eagle Materials +20.5% per year for the past ten years
22. D R Horton +20.1% per year for the past ten years
23. Dell Technologies +18.8% per year for seven of the past ten years
24. Sysco +18.7% per year for the past ten years
25. Waste Connections +18.1% per year for the past ten years
26. Cirrus Logic +18.0% per year for the past ten years
27. Southwest Airlines +18.0% per year for the past ten years
28. Sabre Corp +17.7% per year for the past five years
29. Huntsman Corp +17.3% per year for the past ten years
30. Westlake Chemical +16.1% per year for the past ten years
31. El Paso Electric Co +15.5% per year for the past ten years
32. American Campus Communities REIT +15.4% per year for the past ten years
33. Atmos Energy +14.4% per year for the past ten years
34. AT&T +13.8% per year for the past ten years
35. Waste Management +13.2% per year for the past ten years
36. Match Group +12.2% per year for the past six years
37. Service Corp International +10.8% per year for the past ten years
38. Camden Property Trust +10.4% per year for the past ten years
39. Tenet Healthcare +10.3% per year for the past ten years
40. Jacobs Engineering Group +8.7% per year for the past ten years
41. Texas Instruments +7.2% per year for the past ten years
42. Cullen/Frost Bankers +6.9% per year for the past ten years
43. Crown Castle International +6.3% per year for the past ten years
44. Kimberly-Clark +5.8% per year for the past ten years
45. CenterPoint Energy +5.8% per year for the past ten years
46. Lennox international +5.4% per year for the past ten years
47. 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
	Dec	Dec			Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
Quanta Services	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
Austin CEO	8,808	8,737			8,737	6,422		6,422	3,051		3,051	4,787		4,787	3,484
Gregory Chief Strategy Officer	4,930	5,379
Jensen CFO	3,718	3,673			3,673	2,483		2,483	2,117		2,117	3,275		3,275	2,052
Wayne General Counsel	N/A	N/A
Morris President Infrastructure Solutions	2,027	2,008			2,008	1,222		1,222	993		993	1,577
Querrey President Electric Power Division								N/A	N/A
O'Neil Former CEO								N/A	N/A		6,188	10,362		10,362	5,716
Totals	19,483	19,797			14,418	10,127		10,127	6,161		12,349	20,001		18,424	11,252
Annual % Change vs Prior Year	-1.6%				42.4%			64.4%			-38.3%			63.7%
5 Year Average Per Year % Change		26.1%
	FYE	FYE			FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec			Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
Quanta Services	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
Austin CEO	3,484	2,201			2,201	866
Jensen CFO	2,052	1,660			1,660	683
O'Neil Former CEO	5,716	3,311			3,311	1,487		1,487	1,102		1,102	1,114
Colson Former Executive Chairman	N/A	N/A			4,007	2,255		2,255	2,777		2,777	3,283		3,283	3,245
Haddox Former EVP	2,236	1,911			1,911	1,006		1,006	1,193		1,193	1,301		1,301	1,578
Grindstaff VP Treasurer	723	622
Trawick FormerPresTelecom&Renewables					3,090	895		895	1,047		1,047	1,146		1,146	1,273
Wilson President Electric Power											1,397	1,219		1,219	1,335
Totals	14,211	9,705			16,180	7,192		5,643	6,119		7,516	8,063		6,949	7,431
Annual % Change vs Prior Year	46.4%				125.0%			-7.8%			-6.8%			-6.5%
5 Year Average Per Year % Change		30.1%
10 Year Average Per Year % Change		28.1%