Thus I think it would be helpful to research the extent of income inequality expansion in the State of Mississippi in the most recent three to five 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 Mississippi Companies I will first cover the large Non-Bank Companies and do this research by largest stock market capitalization and thus the first Non-Bank Mississippi Company I am addressing here is the Real Estate Investment Trust EastGroup Properties Inc.
From annual compensation information contained in Company Proxy Statement filings with the US Securities and Exchange Commission, the table below shows EastGroup Properties Inc's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent five years.
EastGroup Properties Inc's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was a blistering 34.8% per year during the most recent three years and 20.1% per year for the most recent five years.
| FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | |||||
| Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | |||||
| EastGroup Properties | 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 | |||||
| Loeb CEO | 4,359 | 5,357 | 5,357 | 1,883 | N/A | N/A | ||||||||
| Wood CFO | 1,844 | 2,343 | 2,343 | 1,079 | 1,079 | 1,193 | 1,193 | 1,196 | 1,196 | 1,232 | ||||
| Coleman EVP | 1,581 | 2,183 | 2,183 | 1,082 | 1,082 | 1,196 | 1,196 | 1,199 | 1,199 | 1,234 | ||||
| Dunbar SVP | N/A | N/A | ||||||||||||
| Collins SVP | N/A | N/A | ||||||||||||
| Corkern SVP CAO | 1,458 | 656 | 656 | 750 | ||||||||||
| McKey Former CFO | N/A | N/A | 1,463 | 1,647 | 1,647 | 1,673 | 1,673 | 1,746 | ||||||
| Petsas Former SVP | N/A | N/A | 736 | 1,161 | 1,161 | 1,166 | 1,166 | 1,194 | ||||||
| Hoster Former CEO | 3,218 | 3,236 | 3,236 | 3,333 | ||||||||||
| Totals | 7,784 | 9,883 | 11,341 | 4,700 | 5,016 | 5,947 | 8,415 | 8,470 | 8,470 | 8,739 | ||||
| Annual % Change vs Prior Year | -21.2% | 141.3% | -15.7% | -0.6% | -3.1% | |||||||||
| 3 Year Average Per Year % Change | 34.8% | |||||||||||||
| 5 Year Average Per Year % Change | 20.1% |
