Las Vegas, Nevada Hotel and Casino Resort Company Las Vegas Sands Corp's Top-Tier Executives Average Pay Raise Was a Blistering 24.7% Per Year During the Past Ten Years (2009-2018)

After the second Democratic 2020 Presidential candidate debate held in Detroit where Cory Booker was the standout performer, where several other non-top-tier candidates performed exceptionally well especially Steve Bullock and where most of the top-tier candidates stumbled, I now will turn my attention to the early primary States and I already have finished Iowa, New Hampshire and South Carolina Companies so now I have moved on to Nevada Companies.

The key issue to Nevada 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 Nevada Companies were rewarded with in the past ten years.

The first Nevada Company I am addressing here is Las Vegas Sands Corp.  

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

Las Vegas Sands Corp's Top-Tier Executives Average Pay Raise was a blistering 24.7% per year for the last ten years.

The only highly effective US Government law enacted by either party in the past decade 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.  Just given their near-sighted stance on 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. 

My objective is to get a better handle on just why the US and particularly here Nevada 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
Las Vegas Sands	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
Sheldon Adelson CEO	24,013	26,086			26,086	12,707		12,707	12,189		12,189	11,992		11,992	14,004
Robert Goldstein President and COO	24,668	8,144			8,144	8,204		8,204	10,089		10,089	48,652		48,652	3,519
Patrick Dumont CFO	2,413	2,504			2,504	8,920		N/A	N/A
Lawrence Jacobs General Counsel	1,795	1,795			N/A	N/A
Michael Quartieri Former SVP and CAO											N/A	N/A		706	1,531
Michael Leven Former President and COO														7,883	6,946
Edward Tracy Former CEO Sands China Ltd														3,536	8,616
Totals	52,889	38,529			36,734	29,831		20,911	22,278		22,278	60,644		72,769	34,616
Annual % Change vs Prior Year	37.3%				23.1%			-6.1%			-63.3%			110.2%
5 Year Average Per Year % Change		20.2%
	FYE	FYE			FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec			Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
Las Vegas Sands	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
Sheldon Adelson CEO	14,004	10,685			10,685	13,845		13,845	11,357		11,357	5,575		5,575	3,403
Robert Goldstein President and COO	3,519	24,169			24,169	9,326		9,326	1,772		1,772	4,882		4,882	2,513
Michael Quartieri Former SVP and CAO	N/A	N/A
Michael Leven Former President and COO	6,946	14,923			14,923	23,514		23,514	12,271		N/A	N/A
Edward Tracy Former CEO Sands China Ltd	N/A	N/A
Kenneth Kay Former CFO	N/A	N/A			2,304	2,441		2,441	7,560		7,560	2,126		N/A	N/A
Totals	24,469	49,777			52,081	49,126		49,126	32,960		20,689	12,583		10,457	5,916
Annual % Change vs Prior Year	-50.8%				6.0%			49.0%			64.4%			76.8%
5 Year Average Per Year % Change		29.1%
10 Year Average Per Year % Change		24.7%