Wednesday, August 7, 2019

Rochester, New Hampshire-Based Industrial Goods Company Albany International Corp's Top-Tier Executives Average Pay Raise Was 7.9% Per Year During the Past Five Years (2014-2018)

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 finished Iowa Companies so now I have moved on to New Hampshire.

The key issue to New Hampshire 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 New Hampshire Companies were rewarded with in the past five to ten years.

The third New Hampshire Company I am addressing here is Albany International Corp.

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

Albany International's Top-Tier Executives Average Pay Raise was 7.9% per year for the last five years.




FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Albany International 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
Joseph Morone Former CEO  N/A   N/A        3,962       4,076       4,076       4,203       4,203       3,838       3,838       3,854
Olivier Jarrault CEO  N/A   N/A 
John Cozzolino CFO       1,288       1,354       1,354       1,455       1,455       1,374       1,374       1,250       1,250       1,050
Daniel Halftermeyer Pres Machine Clothing       2,661       1,564       1,564       1,585       1,585       1,607       1,607       1,594       1,594       1,596
Robert Hansen Chief Technology Officer          744          857          857          780          780          676          676          816          816          612
Charles Silva General Counsel          726          668          668          691  N/A   N/A     
Diane Loudon President AEC          942          875          875          469          469          397  N/A   N/A 
Ralph Polumbo President AEC       1,189       1,284       1,284          901
               
 Totals        5,419       4,443       9,347       9,462       8,771       8,329       9,518       9,179       8,782       8,013
Annual % Change vs Prior Year 22.0% -1.2% 5.3% 3.7% 9.6%
 5 Year Average Per Year % Change 7.9%