Sunday, December 29, 2019

Boston, Massachusetts Income-Tax-Free Real Estate Investment Trust American Tower Corp's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was a Clean 9.6% Per Year During the Past Ten Years

I think that Pete Buttigieg was the clear winner in the recent 2020 Democratic Presidential Primary Debate held in Los Angeles.  Mayor Pete very successfully warded off a vicious barrage of strange attacks from both Amy Klobuchar and Elizabeth Warren, which seemed like they were acting in desperation.

I have researched and made posts related to Top-Tier Executive Total Compensation in most of the largest companies headquartered in the four earliest 2020 Democratic Primary States ..... Iowa, New Hampshire, Nevada and South Carolina.

Then, of the 14 Super Tuesday US States holding their 2020 Democratic Presidential Primaries on March 3, 2020, I made like posts related to most of the largest Texas Companies, most of the largest Southern California companies, most of the largest technology companies headquartered in Northern California, most of the largest North Carolina Companies and most of the largest Minnesota Companies.

My research has shown that Elizabeth Warren, Bernie Sanders and Tom Steyer are all spot on when they assert that US Corporate Financial Corruption is rampant.  But the problem is that none of the three have any clue on precisely the cause or how to effectively fix this huge problem which is also the primary cause of the huge, continuing US income inequality expansion which has been occurring for decades.

But even worse, even though he is a very nice man, Joe Biden is so naive that he isn't even aware of the extent of this continuing huge US income inequality expansion or precisely its cause which has been occurring under his nose for the past forty plus years, nor is he aware of, or else has decided to ignore, just how huge the largest US tax shelters are which are located right under his nose in his home State of Delaware, mostly in one Wilmington building.

On the very negative side, voting for many years for the Annual Income Tax Loophole Extenders which dramatically increased US income inequality expansion each year were Amy Klobuchar and Joe Biden.  On the positive side, voting for many years against these same Annual Income Tax Loophole Extenders were Elizabeth Warren and Bernie Sanders.

Bernie Sanders and Elizabeth Warren are still both saddled with their pure Medicare For All position, which is highly unpopular to US voters at large.  If either of them won the 2020 Democratic Presidential Primary, they would stand very little chance of beating Donald Trump in the 2020 Presidential general election.

So now I will be addressing Top-Tier Executive Compensation for five to ten years in some of the largest companies in the State of Massachusetts, one of the 14 Super Tuesday 2020 Democratic Presidential Primary US States.  Massachusetts is also home to two 2020 Democratic Presidential candidates ..... Elizabeth Warren and Deval Patrick.  

I will be doing this research mostly by stock market capitalization and thus the second Massachusetts Company that I am addressing here is the giant REIT American Tower Corp.

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

American Tower Corp's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was a 9.6%
 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
American Tower 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
Taiclet Chair and CEO     14,308     13,119     13,119     11,847     11,847     12,205     12,205     12,705     12,705     12,221
Bartlett CFO       6,120       5,796       5,796       5,233       5,233       5,302       5,302       4,905       4,905       4,520
DiSanto        5,512       5,187       5,187       4,732       4,732       4,777       4,777       4,374       4,374       3,853
Hess       6,152       5,879       5,879       5,383       5,383       5,088       5,088       4,739       4,739       4,081
Marshall Former EVP  N/A   N/A        5,737       5,138       5,138       5,319       5,319       4,817       4,817       4,232
 Totals      32,092     29,981     35,718     32,333     32,333     32,691     32,691     31,540     31,540     28,907
Annual % Change vs Prior Year 7.0% 10.5% -1.1% 3.6% 9.1%
5 Year Average Per Year % Change 5.8%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
American Tower Corp 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
Taiclet Chair and CEO     12,221     11,161     11,161       8,942       8,942       6,206       6,206       5,172       5,172       5,304
Bartlett CFO       4,520       4,211       4,211       3,710       3,710       3,436  N/A   N/A     
DiSanto        3,853       3,491       3,491       2,851       2,851       2,568       2,568       2,487       2,487       2,537
Hess       4,081       3,767       3,767       3,262       3,262       2,757       2,757       2,600       2,600       2,707
Marshall Former EVP       4,232       3,917       3,917       3,220       3,220       2,775       2,775       2,108    
 Bua        1,329       1,369
 Moskowitz Former EVP   N/A   N/A 
 Totals      28,907     26,547     26,547     21,985     21,985     17,742     14,306     12,367     11,588     11,917
Annual % Change vs Prior Year 8.9% 20.8% 23.9% 15.7% -2.8%
5 Year Average Per Year % Change 13.3%
10 Year Average Per Year % Change 9.6%