Thus I think it would be helpful to research the extent of income inequality expansion in the State of Kentucky in the most recent years.
So far in my research of large US Corporations I have shown that their Top-Tier Executives have been rewarded continually with just enormous annual increases in pay and employee benefits, mostly stock equity compensation, even to the extent that the key issue to US citizens should be the huge and continuing Income Inequality Expansion which is at the core of many critical problems the US faces.
There have been many US Government laws enacted in the past two decades that have substantially increased income inequality expansion including the year after year after year of annual furtive tax extenders of predominately special interests additional tax loopholes, which both the Democratic and Republican Establishments voted for under the radar screen every year just before calendar year end, but nothing was even close to being more income inequality expanding than the Trump Tax Cuts Act.
On the other hand, the only highly effective US Government law enacted by either party in the past two decades that has substantially reduced income inequality expansion is Obamacare.
My objective is to get a better handle on just why the US has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative long-term annual pay and employee benefits percentage increases 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.
My objective is to get a better handle on just why the US has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative long-term annual pay and employee benefits percentage increases 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.
In my study here of large Kentucky Companies I will be doing this research by largest stock market capitalization and thus the fourth Kentucky Company I am addressing here is Churchill Downs Inc.
From annual compensation information contained in Company Proxy Statement filings with the US Securities and Exchange Commission, the table below shows Churchill Downs Inc's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.
Churchill Downs Inc's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was an Off-the-Charts 80.8% per year during the most recent five years and an Even More Off-the-Charts 89.0% per year for the most recent ten years.
| FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | |||||
| Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | |||||
| Churchill Downs | 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 | |||||
| Carstanjen CEO | 9,120 | 7,447 | 7,447 | 5,457 | 5,457 | 8,587 | 8,587 | 1,281 | 1,281 | 9,872 | ||||
| Mudd COO | 3,913 | 3,347 | 3,347 | 2,616 | 2,616 | 4,693 | 4,693 | 998 | 998 | 8,335 | ||||
| Dall CFO | 2,554 | 2,326 | 2,326 | 2,216 | N/A | N/A | ||||||||
| Miller SVP Gaming Operations | N/A | N/A | ||||||||||||
| Thelen Former President Big Fish Games | N/A | N/A | 2,479 | 2,859 | 2,859 | 3,211 | ||||||||
| Evans Former Executive Chairman | N/A | N/A | 1,390 | 1,489 | ||||||||||
| Gay SVP | 607 | 4,607 | ||||||||||||
| Tse General Counsel | 630 | 3,618 | ||||||||||||
| Totals | 15,587 | 13,120 | 15,599 | 13,148 | 10,932 | 16,491 | 13,280 | 2,279 | 4,906 | 27,921 | ||||
| Annual % Change vs Prior Year | 18.8% | 18.6% | -33.7% | 482.7% | -82.4% | |||||||||
| 5 Year Average Per Year % Change | 80.8% | |||||||||||||
| FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | |||||
| Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | |||||
| Churchill Downs | 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 | |||||
| Carstanjen CEO | 9,872 | 2,612 | 2,612 | 2,595 | 2,595 | 1,308 | 1,308 | 683 | 683 | 654 | ||||
| Mudd COO | 8,335 | 2,131 | 2,131 | 2,179 | 2,179 | 1,047 | 1,047 | 596 | 596 | 531 | ||||
| Evans Former Executive Chairman | 1,489 | 1,503 | 1,503 | 1,502 | 1,502 | 7,368 | 7,368 | 931 | 931 | 956 | ||||
| Gay SVP | 4,607 | 1,231 | 1,231 | 676 | 676 | 467 | ||||||||
| Tse General Counsel | 3,618 | 721 | N/A | N/A | ||||||||||
| Thukral Former EVP | 959 | 801 | 801 | 500 | 500 | 362 | ||||||||
| Reed SVP | 358 | 328 | 328 | 316 | ||||||||||
| Sexton Former EVP | N/A | N/A | 500 | 461 | ||||||||||
| Totals | 27,921 | 8,198 | 7,477 | 6,952 | 7,911 | 10,991 | 10,882 | 3,038 | 3,538 | 3,280 | ||||
| Annual % Change vs Prior Year | 240.6% | 7.6% | -28.0% | 258.2% | 7.9% | |||||||||
| 5 Year Average Per Year % Change | 97.2% | |||||||||||||
| 10 Year Average Per Year % Change | 89.0% |
