Las Vegas, Nevada Technology Infrastructure Company Switch, Inc's Top-Tier Executives Average Pay Raise Was a Completely Off-the-Charts 748.9% Per Year During the Past Two Years (2018 and 2017) Since Its 2017 IPO

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, Julian Castro and Beto O'Rourke 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 and with this post I am also now finished with Nevada Companies.

After Nevada, I will next be focusing on Texas Companies, especially since the third Democratic 2020 Presidential candidate televised debate will be held in Houston, Texas on September 12 and 13, 2019.  Texas is the home state of Julian Castro and Beto O'Rourke, who have both gained significant momentum in the past month.

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 16th and last Nevada Company I am addressing here is Switch Inc.  

From annual compensation information contained in Company Proxy Statement filings with the SEC, the chart at the bottom below shows Switch Inc's Top-Tier Executives Annual Total Compensation for each of two consecutive substantially full years of employment for the past two years (2018 and 2017) since its 2017 IPO. 

Switch Inc's Top-Tier Executives Average Pay Raise was a completely off-the-charts 748.9% per year for the most recent two years, which is by far the highest of the 16 large Nevada Companies that I have addressed.

1. Switch Inc +748.9% per year sor the past two years
2. Eldorado Resorts +58.5% per year for the past six years
3. Caesars Entertainment +38.8% per year for the past five years
4. Allegiant Travel +38.0% per year for the past ten years
5. Ormat Technologies +34.3% per year for the past five years
6. Pinnacle Entertainment +30.0% per year for nine years
7. Southwest Gas Holdings +27.8% per year for the past five years
8. Las Vegas Sands +24.7% per year for the past ten years
9. MGM Resorts +18.0% per year for the past ten years
10. Wynn Resorts +17.3% per year for the past five years
11. Tropicana Entertainment +16.4% per year for five yeats
12. Red Rock Resorts +12.3% per year for the past six years
13. Boyd Gaming +10.6% per year for the past ten year 
14. MGM Growth Properties +9.5% per year for the past two years
15. Scientific Games +6.8% per year for the past ten years
16. AMERCO +3.3% per year for the past 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.  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. 

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
	Dec	Dec			Dec	Dec
Switch Inc	2018	2017			2017	2016
Top-Tier	Total	Total			Total	Total
Executive	Comp	Comp			Comp	Comp
	$ 000s	$ 000s			$ 000s	$ 000s
Rob Roy CEO	8,243	94,652			94,638	3,290
Thomas Morton Chief Legal Officer	4,044	12,047			12,041	1,974
Gabe Nacht CFO	2,397	1,543			1,539	1,161
Totals	14,684	108,242			108,218	6,425
Annual % Change vs Prior Year	-86.4%				1584.3%
2 Year Average Per Year % Change		748.9%