Rock Hill, South Carolina-Based Technology Company 3D Systems Corp's Top-Tier Executives Average Pay Raise Was a Messy, Blistering 31.7% 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 both Iowa and New Hampshire Companies so now I have moved on to South Carolina Companies.

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

The 10th South Carolina Company I am addressing here is 3D Systems Corp.

From annual compensation information contained in Company Proxy Statement filings with the SEC, the chart at the bottom below shows 3D System Corp's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the past ten years. 

3D Systems Corp's Top-Tier Executives Average Pay Raise was a messy, blistering 31.7% per year for the last ten years, which was the second highest of the ten largest South Carolina Companies I have addressed so far.

1. World Acceptance Corp +306.6% per year for the past five years
2. 3D Systems +31.7% per year for the past ten years
3. Blackbaud +27.0% per year for the past five years
4. South State Corp +17.6% per year for the past ten years
5. AVX Corp +17.3% per year for the past ten years
6. Sonono Products Co +14.4% per year for the past ten years
7. Ingevity Corp +13.8% per year for the past five years
8. Domtar Corp +11.2% per year for the past ten years
9. Denny's Corp +11.0% per year for the past ten years
10. SCANA +7.4% per year for nine 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 South Carolina 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
3D Systems Corp	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
Vyomesh Joshi CEO	2,123	1,933			N/A	N/A		N/A	N/A
John McMullen CFO	869	808			N/A	N/A		N/A	N/A
Charles Hull Chief Technology Officer	638	596			596	2,885		2,885	974		974	1,883		1,883	2,803
Andrew Johnson Chief Legal Officer	701	613			613	2,920		2,920	2,624		2,624	2,630		2,630	1,350
Kevin McAlea GM. Metals & Healthcare	758	697			697	2,921		2,921	1,150		1,150	2,225		2,225	1,652
David Styka CFO					N/A	N/A		N/A	N/A
Abraham Reichental CEO											N/A	N/A		6,641	10,898
Theodore Hull CFO											N/A	N/A
Mark Wright COO											N/A	N/A
Damon Gregoire CFO														557	5,243
Totals	5,089	4,647			1,906	8,726		8,726	4,748		4,748	6,738		13,936	21,946
Annual % Change vs Prior Year	9.5%				-78.2%			83.8%			-29.5%			-36.5%
5 Year Average Per Year % Change		-10.2%
	FYE	FYE			FYE	FYE		FYE	FYE		FYE	FYE		FYE	FYE
	Dec	Dec			Dec	Dec		Dec	Dec		Dec	Dec		Dec	Dec
3D Systems Corp	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
Charles Hull Chief Technology Officer	2,773	1,311			1,311	670		670	393		393	351		351	286
Andrew Johnson Chief Legal Officer	N/A	N/A
Kevin McAlea GM. Metals & Healthcare	1,652	1,776			1,776	815		815	685		685	406		406	271
Abraham Reichental CEO	10,898	6,941			6,941	2,728		2,728	2,848		2,848	1,226		1,226	604
Damon Gregoire CFO	5,243	3,386			3,386	1,335		1,335	1,246		1,246	464		464	244
Cathy Lewis	1,512	965			965	444		444	338		N/A	N/A
Robert Grace General Counsel								335	398		398	404		404	254
Totals	22,078	14,379			14,379	5,992		6,327	5,908		5,570	2,851		2,851	1,659
Annual % Change vs Prior Year	53.5%				140.0%			7.1%			95.4%			71.9%
5 Year Average Per Year % Change		73.6%
10 Year Average Per Year % Change		31.7%