Louisville, Kentucky-Based 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 During the Most Recent Ten Years

The State of Kentucky is holding its 2019 Governor's election on November 5, 2019.

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.

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%