Friday, December 20, 2019

Mooresville, North Carolina Retailer Lowe's Companies Inc's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was a Reasonable 4.2% Per Year During the Past Ten 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 first North Carolina non-financial company that I am addressing here is Retailer Lowe's Companies Inc.

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

Lowe's Companies Inc's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was a reasonable 4.2% per year during the past ten years.



FYE
FYE
FYE
FYE
FYE
FYE
FYE
FYE
FYE
FYE
Lowe's Companies
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
 Marvin Ellison CEO   N/A   N/A 
 David Denton CFO   N/A   N/A 
 Joseph McFarland EVP Stores   N/A   N/A 
 Jennifer Weber EVP Human Resources        2,844       2,830       2,830       3,289  N/A   N/A 
 Ross McCanless General Counsel        2,831       2,417       2,417       2,650  N/A   N/A 
 Robert Niblock Former Chair and CEO   N/A   N/A      11,209     12,670     12,670     13,155     13,155     14,280     14,280     18,714
 Marshall Croom Former CFO   N/A   N/A 
 Michael McDermott FormerChiefCustomerOff   N/A   N/A 
 Robert Hull Former CFO   N/A   N/A        3,734       3,829       3,829       4,019       4,019       5,451
 Rick Damron COO        4,189       4,701       4,701       4,916       4,916       5,285       5,285       7,137
 Michael Jones Chief Customer Officer   N/A   N/A        4,922       3,953  N/A   N/A 
 Maureen Ausura Chief Human Resource Officer        2,782       2,919       2,919       3,866
 Totals        5,675       5,247     20,645     23,310     21,105     21,900     29,604     30,456     26,503     35,168
Annual % Change vs Prior Year 8.2% -11.4% -3.6% -2.8% -24.6%
5 Year Average Per Year % Change -6.9%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Lowe's Companies 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
 Robert Niblock Former Chair and CEO      18,714     12,136     12,136     11,643     11,643     12,050     12,050     11,667     11,667     11,293
 Robert Hull Former CFO        5,451       3,489       3,489       3,461       3,461       3,573       3,573       3,660       3,660       3,367
 Rick Damron COO        7,137       3,711  N/A   N/A     
 Maureen Ausura Chief Human Resource Officer        3,866       2,558  N/A   N/A 
Gregory Bridgeford Chief Customer Officer       7,255       4,163       4,163       3,133       3,133       3,207       3,207       3,269       3,269       3,023
Joseph Mabry Digital Interfaces Executive       3,582       2,893  N/A   N/A                 
Larry Stone President and COO       5,852       5,994       5,994       5,431
Charles Canter Merchandising       3,340       3,433       3,433       3,182
Totals     42,423     26,057     23,370     21,130     18,237     18,830     28,022     28,023     28,023     26,296
Annual % Change 62.8% 10.6% -3.1% 0.0% 6.6%
5 Year Average Per Year % Change 15.4%
10 Year Average Per Year % Change 4.2%