Sunday, December 22, 2019

Charlotte, North Carolina Steel Manufacturing Company Nucor Corp's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was a Very Robust 14.8% Per Year During the Past Five Years

I think that Pete Buttigieg was the clear winner in last night's debate, very successfully warding off a vicious barrage of strange attacks from several parties.  Amy Klobuchar was the clear loser, attacking Pete irrationally as if she were acting in desperation.  Her nastiness here is consistent with the rumor that she does not treat her own staff well.

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 and also most of the largest technology companies headquartered in Northern California.

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

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 North Carolina, one of the 14 Super Tuesday 2020 Democratic Presidential Primary US States.  I first addressed some of the largest North Carolina Financial Companies and now I am addressing some of the largest North Carolina Non-Financial companies.

I will be doing this research mostly by stock market capitalization and thus the 7th North Carolina Non-financial company that I am addressing here is Steel Manufacturer Nucor Corp.

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

Nucor Corp's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was a very robust 14.8% 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
Nucor 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
Ferriola Chairman and CEO     15,559     12,090     12,090     10,627     10,627       8,931       8,931       8,942       8,942       8,139
Frias CFO       5,432       3,899       3,899       3,268       3,268       2,641       2,641       2,724       2,724       2,548
Hall EVP       4,861       3,563       3,563       3,069       3,069       2,454       2,454       2,781       2,781       2,597
Stratman EVP       5,013       3,685       3,685       2,994       2,994       2,423       2,423       2,703       2,703       2,597
Darsey Former EVP  N/A   N/A        3,416       2,963       2,963       2,371       2,371       2,564       2,564       2,446
Grass Former EVP  N/A   N/A 
 Totals      30,865     23,237     26,653     22,921     22,921     18,820     18,820     19,714     19,714     18,327
Annual % Change vs Prior Year 32.8% 16.3% 21.8% -4.5% 7.6%
5 Year Average Per Year % Change 14.8%