Wednesday, November 27, 2019

Santa Monica, California-Based REIT Douglas Emmett Inc's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was 7.2% Per Year During the Past Ten Years

The fifth Democratic 2020 Presidential candidate debate just held in Atlanta showed just how strong the field is.  I thought 8 of the 10 candidates had very strong performances, with Pete Buttigieg, Amy Klobuchar, Cory Booker and Andrew Yang all having exceptional performances.

A clear majority of the US is desperately seeking in the next US President someone who can unify the country.  Of all the Democratic Presidential candidates, Pete Buttigieg will be the best unifier of a very divided country.

Joe Biden is an exceptionally nice guy but his 77 years of age clearly impaired the effectiveness of his communication in this debate as it had in the other debates.

Tulsi Gabbard was again not Presidential in this debate.

While Bernie Sanders and Elizabeth Warren both performed well in the debate, they are still both burdened significantly by their positions on Medicare For All, which is fiscally extremely expensive (probably cost $20 to $30 trillion over ten years which would compound to $50 to $80 trillion over twenty years)  and which also doesn't permit citizens to keep their present health care insurance even if they really like it, and many do, including many union members who have fought hard to get the exceptional health care insurance that they now have and also including the rapidly-growing each year to now more than 20 million seniors who have chosen what they consider to be an attractive private health care insurance plan available in Medicare.

Barack Obama is spot on when he recently said that Democratic Presidential candidates shouldn’t pursue policies that were not rooted in reality.

And Obama was also spot on when he said that Democrats should push hard on the income inequality issue, arguing that this is an area where the room to talk about this in bold ways is greater than it was in 2008.

Further he said that it is very important for the Democratic Party to be clear and bold about saying that we are going to initiate structural changes that reduce that inequality.

The sixth Democratic 2020 Presidential candidate debate will be held on December 19, 2019 on the lovely campus of Loyola Marymount University in Los Angeles, California.

Thus I will now be doing research and making posts on the annual pay and employee benefits percentage increases that the Top-Tier Executives of large Los Angeles area Companies were rewarded with in the past five to ten years.

I will be doing this research mostly by stock market capitalization and thus the 22nd Los Angeles area company I am addressing here is Douglass Emmett Inc, a REIT.

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

Douglas Emmett Inc's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was 7.2% per year during the past ten years.

FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Douglas Emmett Inc 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
Emmett Chairman          253          252          252          252          252          245          245          243          243          243
Kaplan CEO       8,738       8,732       8,732       7,917       7,917       7,541       7,541       6,402       6,402       6,806
Panzer COO       8,726       8,724       8,724       7,908       7,908       7,534       7,534       6,394       6,394       6,804
Crummy CIO       1,943       2,057       2,057       2,377       2,377       1,618  N/A   N/A 
Gisler CFO          617          619          619          619    
Guth CFO       1,621       2,885       2,885       1,533
 Totals      20,277     20,384     20,384     19,073     18,454     16,938     16,941     15,924     15,924     15,386
Annual % Change vs Prior Year -0.5% 6.9% 9.0% 6.4% 3.5%
5 Year Average Per Year % Change 5.0%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
LA Area Company 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
Emmett Chairman          243          324          324          242          242          263          263          257          257          256
Kaplan CEO       6,806       9,402       9,402       5,396       5,396       9,919       9,919       5,155       5,155       7,439
Panzer COO       6,804       9,399       9,399       5,392       5,392       9,905       9,905       5,119       5,119       7,389
Guth CFO       1,533       1,881       1,881       2,149    
Kamer Chief Investment Officer       1,467       2,202       2,202       1,535       1,535       2,721       2,721       1,519       1,519       1,727
 Totals      16,853     23,208     23,208     14,714     12,565     22,808     22,808     12,050     12,050     16,811
Annual % Change vs Prior Year -27.4% 57.7% -44.9% 89.3% -28.3%
5 Year Average Per Year % Change 9.3%
10 Year Average Per Year % Change 7.2%