The fifth Democratic 2020 Presidential candidate debate will be held on November 20, 2019 in the Atlanta, Georgia. Let's hope MSNBC does a much better job this time. Last time it couldn't control the candidates and also it pretty much ignored the key economic issues. Glad to see Washington Post is co-hosting this key event.
So far in my research of large US Corps I have shown that their Top-Tier Executives have been rewarded continually with just enormous annual increases in pay and employee benefits, mostly stock equity compensation, to the extent that the key issue to US citizens should be the huge and continuing Income Inequality Expansion which is at the core of many critical problems the US faces.
While increasing the US federal minimum wage will help here, there is a much broader and critical problem that needs to be solved. The annual percentage increase in the pay and employee benefits of Company non-executive employees are minuscule in relation to that of Company executive employees and this has been going on for decades. When Corporate CEOs and CFOs primarily view non-executive employees as Costs rather than as People, this is what happens. And neither political party has had the courage to take on US Corps here.
So I now will be doing research and making posts on the annual pay and employee benefits percentage increases that the Top-Tier Executives of large Georgia Companies were rewarded with in the past five to ten years.
The 13th Georgia Company I am addressing here is Equifax.
From annual compensation information contained in Company Proxy Statement filings with the US SEC, the chart below shows Equifax's Top-Tier Executives Annual Total Compensation for each of the two consecutive full years of employment for the past five years.
Equifax's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was a robust 11.3% 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 | |||||
Equifax | 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 | |||||
Begor CEO | N/A | N/A | ||||||||||||
Gamble CFO | 3,879 | 2,876 | 2,876 | 3,095 | 3,095 | 3,054 | N/A | N/A | ||||||
Farshchi Chief Information Security Officer | N/A | N/A | ||||||||||||
Kelley Chief Legal Officer | 3,244 | 2,305 | 2,305 | 2,796 | 2,796 | 2,598 | 2,598 | 2,420 | 2,420 | 3,248 | ||||
Koehler Chief Technology Officer | N/A | N/A | ||||||||||||
Barros Former Interim CEO | 4,267 | 3,724 | ||||||||||||
Ploder President Workforce Solutions | 2,651 | 2,760 | 2,760 | 2,080 | ||||||||||
Smith Former Chairman and CEO | 15,694 | 14,965 | 14,965 | 12,923 | 12,923 | 13,880 | 13,880 | 10,516 | ||||||
Rushing Chief HR Officer | N/A | N/A | N/A | N/A | ||||||||||
Adams President Personal Solutions | 2,498 | 2,759 | 2,759 | 2,094 | ||||||||||
Adrean Former CFO | N/A | N/A | ||||||||||||
Totals | 11,390 | 8,905 | 23,526 | 23,616 | 23,616 | 20,655 | 18,019 | 19,059 | 19,059 | 15,858 | ||||
Annual % Change vs Prior Year | 27.9% | -0.4% | 14.3% | -5.5% | 20.2% | |||||||||
5 Year Average Per Year % Change | 11.3% |