Saturday, August 17, 2019

Reno, Nevada Moving & Storage Company AMERCO (U-Haul) Top-Tier Executives Average Pay Raise Was an Exceptionally Clean, Very Reasonable 3.3% Per Year During the Past Ten Years (March 2010-March 2019). It Appears That AMERCO Isn't Into Grade Inflation of the Actual Performance of Its Top-Tier Executives, Unlike So Many Other Large Companies Are

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 15th Nevada Company I am addressing here is AMERCO.  

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

AMERCO's Top-Tier Executives Average Pay Raise was an exceptionally clean, very reasonable 3.3% per year for the last ten years, which is the very lowest of the 15 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
  15. AMERCO +3.3% per year for the past ten years

FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
March March March March March March March March March March
AMERCO 2019 2018 2018 2017 2017 2016 2016 2015 2015 2014
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
Edward Shoen Chair and President AMERCO       1,017          942          942          994          994       1,016       1,016          989          989          784
Jason Berg CFO          620          580          580          503          503          484          484          464          464          464
John Taylor President U-Haul          563          570          570          559          559          528          528          504          504          513
Samuel Shoen U-Box Project Manager          522          460          460          392          392          600        
Laurence De Respino General Counsel          439          416          416          414          414          380          380          509          509          413
James Schoen VP U-Haul Bus Comsultants          623          669          669          665
               
 Totals        3,161       2,968       2,968       2,862       2,862       3,008       3,031       3,135       3,135       2,839
Annual % Change vs Prior Year 6.5% 3.7% -4.9% -3.3% 10.4%
 5 Year Average Per Year % Change 2.5%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
March March March March March March March March March March
AMERCO 2014 2013 2013 2012 2012 2011 2011 2010 2010 2009
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
Edward Shoen Chair and President AMERCO          784          997          997          766          766          871          871          768          768          765
Jason Berg CFO          464          461          461          331          331          282          282          208          208          205
John Taylor President U-Haul          513          517          517          456          456          416    
Samuel Shoen U-Box Project Manager
Laurence De Respino General Counsel          413          464
James Schoen VP U-Haul Bus Comsultants          665          677          677          659          659          648          648          624          624          622
Mark Schoen VP U-Haul Bus Comsultants  N/A   N/A           629          626          626          626
 Totals        2,839       3,116       2,652       2,212       2,212       2,217       2,430       2,226       2,226       2,218
Annual % Change vs Prior Year -8.9% 19.9% -0.2% 9.2% 0.4%
5 Year Average Per Year % Change 4.1%
10 Year Average Per Year % Change 3.3%
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