Reno, Nevada Geothermal Power Plant Company Ormat Technologies Inc's Top-Tier Executives Average Pay Raise Was a Blistering 34.3% Per Year During the Past Five Years

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 five to ten years.

The 14th Nevada Company I am addressing here is Ormat Technologies Inc.  

From annual compensation information contained in Company Proxy Statement filings with the SEC, the chart at the bottom below shows Ormat Technologies Inc's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the past five years. 

Ormat Technologies Inc's Top-Tier Executives Average Pay Raise was a blistering 34.3% per year for the last five years, which is the 4th highest of the 14 large Nevada Companies that I have addressed so far.

1. Eldorado Resorts +58.5% per year for the past six years
2. Caesars Entertainment +38.8% per year for the past five years
3. Allegiant Travel +38.0% per year for the past ten years
4. Ormat Technologies +34.3% per year for the past five years
5. Pinnacle Entertainment +30.0% per year for nine years
6. Southwest Gas Holdings +27.8% per year for the past five years
7. Las Vegas Sands +24.7% per year for the past ten years
8. MGM Resorts +18.0% per year for the past ten years
9. Wynn Resorts +17.3% per year for the past five years
10. Tropicana Entertainment +16.4% per year for five yeats
11. Red Rock Resorts +12.3% per year for the past six years
12. Boyd Gaming +10.6% per year for the past ten year 
13. MGM Growth Properties +9.5% per year for the past two years
14. Scientific Games +6.8% 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		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec			Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
Ormat Technologies	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
Isaac Angel CEO	7,985	1,356			1,356	2,486		2,486	1,285		N/A	N/A
Doron Blachar CFO	574	2,457			2,457	1,151		1,151	607		607	891		891	954
Zvi Krieger EVP Electricity Segment	1,149	808			808	955		955	369		369	381		381	700
Shlomi Argas EVP Product Segment and Ops	1,206	707			N/A	N/A
Bob Sullivan EVP Bus Dev, Sales&Marketing	977	611			611	911		911	348		348	278		278	517
Shimon Hatzir EVP Engineering								893	357		357	328		328	652
Yehudit Bronicki Former CEO														N/A	N/A
Nir Wolf EVP Market Development														368	615
Yoram Bronicki Chair and Former CEO														576	528
Totals	11,891	5,939			5,232	5,503		6,396	2,966		1,681	1,878		2,822	3,966
Annual % Change vs Prior Year	100.2%				-4.9%			115.6%			-10.5%			-28.8%
5 Year Average Per Year % Change		34.3%