Tuesday, December 31, 2019

Boston, Massachusetts Income-Tax-Free REIT Boston Properties Inc's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was 5.8% 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 13th Massachusetts Company that I am addressing here is Boston Properties Inc, a REIT.

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

Boston Properties Inc's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was 5.8%
 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
Boston 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
Thomas CEO     11,695     10,062     10,062     10,002     10,002       8,770       8,770       6,438  N/A   N/A 
Linde President       8,103       7,471       7,471       7,210       7,210       6,970       6,970       6,388       6,388       6,290
Ritchey Senior EVP       7,112       6,910       6,910       6,223       6,223       6,086       6,086       5,917       5,917       5,741
LaBelle CFO       3,949       3,950       3,950       3,353       3,353       2,883       2,883       2,606       2,606       2,307
Koop EVP       3,242       3,030       3,030       2,563       2,563       2,486    
Zuckerman Chairman       6,148     23,822
 Totals      34,101     31,423     31,423     29,351     29,351     27,195     24,709     21,349     21,059     38,160
Annual % Change vs Prior Year 8.5% 7.1% 7.9% 15.7% -44.8%
5 Year Average Per Year % Change -1.1%
  FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Boston Properties 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
Thomas CEO  N/A   N/A 
Douglas Linde President       6,290       5,873       5,873       5,381       5,381       3,835       3,835       3,782       3,782       6,391
Ritchey Senior EVP       5,741       5,530       5,530       5,111       5,111       3,978       3,978       3,929       3,929       6,487
LaBelle CFO       2,307       2,312       2,312       1,885       1,885       1,274       1,274       1,007       1,007       1,152
Zuckerman Chairman     23,822     10,673     10,673       9,993       9,993       8,095       8,095       8,067       8,067     11,618
 Norville Former COO   N/A   N/A        4,066       3,141    
 Edward Linde Former CEO   N/A   N/A        5,837       8,863
 Totals      38,160     24,388     24,388     22,370     26,436     20,323     17,182     16,785     22,622     34,511
Annual % Change vs Prior Year 56.5% 9.0% 30.1% 2.4% -34.4%
5 Year Average Per Year % Change 12.7%
10 Year Average Per Year % Change 5.8%