FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | |||||
Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | |||||
Lear 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 | |||||
Raymond Scott CEO | 9,936 | 5,475 | 5,475 | 4,864 | 4,864 | 4,577 | 4,577 | 4,752 | 4,752 | 4,209 | ||||
Jeffrey Vanneste CFO | 4,362 | 4,897 | 4,897 | 4,498 | 4,498 | 4,103 | 4,103 | 3,998 | 3,998 | 3,530 | ||||
Terrence Larkin General Counsel | 4,197 | 4,930 | 4,930 | 4,747 | 4,747 | 4,552 | 4,552 | 4,436 | 4,436 | 4,191 | ||||
Frank Orsini President Seating | 4,156 | 4,347 | 4,347 | 4,064 | 4,064 | 3,803 | 3,803 | 3,673 | N/A | N/A | ||||
Thomas DiDonato Chief Admin Officer | N/A | N/A | ||||||||||||
Matthew Simoncini Former CEO | 1,359 | 14,833 | 14,833 | 14,444 | 14,444 | 13,612 | 13,612 | 12,174 | 12,174 | 10,802 | ||||
Totals | 24,010 | 34,482 | 34,482 | 32,617 | 32,617 | 30,647 | 30,647 | 29,033 | 25,360 | 22,732 | ||||
Annual % Change vs Prior Year | -30.4% | 5.7% | 6.4% | 5.6% | 11.6% | |||||||||
5 Year Average Per Year % Change | -0.2% | |||||||||||||
FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | |||||
Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | |||||
Lear 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 | |||||
Raymond Scott CEO | 4,209 | 4,975 | 4,975 | 4,157 | 4,157 | 2,894 | 2,894 | 5,222 | 5,222 | 883 | ||||
Jeffrey Vanneste CFO | 3,530 | 3,969 | N/A | N/A | ||||||||||
Terrence Larkin General Counsel | 4,191 | 4,829 | 4,829 | 3,855 | 3,855 | 2,775 | 2,775 | 5,105 | N/A | N/A | ||||
Frank Orsini President Seating | ||||||||||||||
Thomas DiDonato Chief Admin Officer | ||||||||||||||
Matthew Simoncini Former CEO | 10,802 | 10,141 | 10,141 | 5,782 | 5,782 | 2,826 | 2,826 | 5,182 | 5,182 | 959 | ||||
Melvin Stephens SVP Communications | 3,269 | 3,887 | 3,887 | 3,397 | N/A | N/A | ||||||||
Jason Cardew VP and Former Interim CFO | 1,523 | 1,292 | N/A | N/A | ||||||||||
Robert Rossiter Former CEO | N/A | N/A | 13,330 | 9,092 | 9,092 | 18,658 | 18,658 | 2,737 | ||||||
Louis Salvatore Former President Seating | 3,927 | 2,878 | 2,878 | 5,209 | 5,209 | 879 | ||||||||
Totals | 26,001 | 27,801 | 25,355 | 18,483 | 31,051 | 20,465 | 20,465 | 39,376 | 34,271 | 5,458 | ||||
Annual % Change vs Prior Year | -6.5% | 37.2% | 51.7% | -48.0% | 527.9% | |||||||||
5 Year Average Per Year % Change | 112.5% | |||||||||||||
10 Year Average Per Year % Change | 56.1% |
Saturday, March 7, 2020
Southfield, Michigan-Based Motor Vehicle Supplier Lear Corp's Top-Tier Executives Average Pay and Benefit Raise Was an Off-the-Charts 56.1% Per Year During the Past 10 Years (2009-2018). Lear Corp Top-Tier Execs Flat Out Cleaned Up in the Auto Bailout Period, With Their Total Annual Compensation Going From $5.458 Mil in 2008 to $31.051 Mil in 2011, an Increase of 469% in Only Three Years. Further, the Restricted Stock Units Granted to Lear Corp Top-Tier Execs Just in 2009 Had a Total Fair Value on 2009 Grant Date of $21.960 Mil and Lear Corp's Stock Market Price Advanced From $33.82 Per Share at 2009 Year End to a High of $206.36 Per Share in Mid-June 2018, an Increase of Another 510%.
From Company Proxy Statement filings with the SEC, below are Lear Corp's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.