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'll first address some of the largest North Carolina Financial Companies and then later some of the largest North Carolina Non-Financial companies.
I will be doing this research mostly by stock market capitalization and thus the third North Carolina financial company that I am addressing here is First Citizens Bancshares Inc.
From annual compensation information contained in Proxy Statement filings with the US SEC, the chart below shows First Citizens Bancshares Inc's Top-Tier Executives Annual Total Compensation for each of the two consecutive full years of employment for the past five years.
First Citizens Bancshares Inc's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was a very robust 15.9% 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 | |||||
| First Citizens Bancshares | 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 | |||||
| Frank Holding Jr Chair and CEO | 2,808 | 2,850 | 2,850 | 2,083 | 2,083 | 1,581 | 1,581 | 1,927 | 1,927 | 1,255 | ||||
| Nix CFO | 1,233 | 1,224 | 1,224 | 1,065 | 1,065 | 1,033 | N/A | N/A | ||||||
| Bryant Vice Chairman | 1,629 | 1,419 | 1,419 | 1,230 | 1,230 | 985 | 985 | 1,226 | 1,226 | 825 | ||||
| Bristow President | 1,658 | 1,396 | 1,396 | 1,272 | 1,272 | 1,254 | N/A | N/A | ||||||
| Willingham COO | 1,639 | 1,559 | 1,559 | 1,264 | 1,264 | 1,043 | 1,043 | 1,292 | 1,292 | 828 | ||||
| Frank Holding VP | N/A | N/A | ||||||||||||
| Totals | 8,967 | 8,448 | 8,448 | 6,914 | 6,914 | 5,896 | 3,609 | 4,445 | 4,445 | 2,908 | ||||
| Annual % Change vs Prior Year | 6.1% | 22.2% | 17.3% | -18.8% | 52.9% | |||||||||
| 5 Year Average Per Year % Change | 15.9% |
