Amy gave the single most relevant phrase when she asserted that so much of what Elizabeth Warren is proposing are "Pipe Dreams" and have no chance of getting enacted. Independents and even reasonable Republicans, who will be deciding the 2020 Presidential general election, have zero interest in these fiscally irresponsible "Pipe Dreams". This is not going to unify the country, which is what the country is desperately seeking in the next President.
The fifth Democratic 2020 Presidential candidate debate will be held on November 20, 2019 in Atlanta, Georgia. Let's hope MSNBC does a much better job this time. Last time it couldn't control the candidates and also it pretty much ignored the key economic issues. Glad to see Washington Post is co-hosting this key event.
So far in my research of large US Corps 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, 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.
While increasing the US federal minimum wage will help here, there is a much broader and critical problem that needs to be solved. The annual percentage increase in the pay and employee benefits of Company non-executive employees are minuscule in relation to that of Company executive employees and this has been going on for decades. When Corporate CEOs and CFOs primarily view non-executive employees as Costs rather than as People, this is what happens. And neither political party has had the courage to take on US Corps here.
So I now will be doing research and making posts on the annual pay and employee benefits percentage increases that the Top-Tier Executives of large Georgia Companies were rewarded with in the past five to ten years.
The 23th Georgia Company I am addressing here is AGCO Corp.
From annual compensation information contained in Company Proxy Statement filings with the US SEC, the chart below shows AGCO Corp's Top-Tier Executives Annual Total Compensation for each of the two consecutive full years of employment for the past five years.
AGCO Corp's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was a 8.6% per year during the past five years.
| FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | |||||
| Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | |||||
| AGCO 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 | |||||
| Beck CFO | 2,995 | 3,831 | 3,831 | 3,544 | 3,544 | 3,216 | 3,216 | 2,761 | 2,761 | 2,543 | ||||
| Crain General Manager Americas | 3,182 | 3,278 | 3,278 | 3,239 | 3,239 | 2,516 | ||||||||
| Richenhagen Chairman and CEO | 20,549 | 14,725 | 14,725 | 16,601 | 16,601 | 13,976 | 13,976 | 10,704 | 10,704 | 11,742 | ||||
| Smith General Manager Europe/Middle East | 2,478 | 2,742 | 2,742 | 3,047 | 3,047 | 2,598 | 2,598 | 1,817 | 1,817 | 2,531 | ||||
| Veltmaat Chief Supply Chain Officer | 3,063 | 3,439 | 3,439 | 3,547 | 3,547 | 3,060 | 3,060 | 2,553 | 2,553 | 2,729 | ||||
| Collar General Manager Asia/Pacific/Africa | 3,292 | 3,681 | 3,681 | 3,433 | 3,433 | 2,981 | ||||||||
| Carioba General Manager South America | 2,230 | 2,246 | ||||||||||||
| Totals | 32,267 | 28,015 | 28,015 | 29,978 | 33,270 | 29,047 | 26,531 | 21,268 | 23,498 | 24,772 | ||||
| Annual % Change vs Prior Year | 15.2% | -6.5% | 14.5% | 24.7% | -5.1% | |||||||||
| 5 Year Average Per Year % Change | 8.6% | |||||||||||||
