Saturday, October 5, 2019

Akron, Ohio-Based Tire Manufacturer Goodyear Tire & Rubber's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was a Clean 5.4% Per Year During the Past Ten Years. The Most Recent Two Years Had Very Steep Declines in Top-Tier Executives Total Compensation. But the Eight Earlier Years (2009-2016) Saw a Very Robust Average Annual Increase of 16.8% Per Year. Something Seems Very Strange Here.

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


FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Goodyear Tire & Rubber 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
Kramer CEO       6,213     10,846     10,846     19,798     19,798     19,308     19,308     17,853     17,853     19,191
Wells CFO  N/A   N/A                4,784       5,345
McClellan President Americas       2,163       2,996       2,996       5,117       5,117       4,781       4,781       3,971       3,971       4,550
Delaney PresidentEurope,MiddleEast&Africa       1,718       2,522
Bialosky General Counsel       1,609       2,259       2,259       3,806       3,806       4,390       4,390       3,541       3,541       4,265
Thompson Former CFO       1,852       3,547       3,547       5,105       5,105       4,137       4,137       3,115       3,115       3,229
Smith SVP Global Operations       4,469       3,646       3,646       5,091
Lucas SVP HR  N/A   N/A 
 Totals      13,555     22,170     19,648     33,826     33,826     32,616     37,085     32,126     36,910     41,671
Annual % Change vs Prior Year -38.9% -41.9% 3.7% 15.4% -11.4%
5 Year Average Per Year % Change -14.6%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Goodyear Tire & Rubber 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
Kramer CEO     19,191     17,106     17,106     12,223     12,223     10,134     10,134       5,553       5,553       5,771
Wells CFO       5,345       4,825       4,825       4,774       4,774       4,093       4,093       2,454       2,454       1,127
McClellan President Americas  N/A   N/A     
Bialosky General Counsel       4,265       3,665       3,665       3,280       3,280       2,667  N/A   N/A     
Thompson Former CFO  N/A   N/A     
Smith SVP Global Operations       5,091       3,192    
de Bok PresidentEurope,MiddleEast&Africa       4,519       5,387       5,387       4,986       4,986       3,380       3,380       3,834
Keegan Former CEO  N/A   N/A      17,196     16,317
 Totals      33,892     28,788     30,115     25,664     25,664     21,880     19,213     11,387     28,583     27,049
Annual % Change vs Prior Year 17.7% 17.3% 17.3% 68.7% 5.7%
5 Year Average Per Year % Change 25.4%
10 Year Average Per Year % Change 5.4%