Wednesday, November 27, 2019

Los Angeles, California-Based Investment Firm Oaktree Capital Group's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was 5.8% Per Year During the Past Eight Years That Its Top-Tier Executive Compensation Was Disclosed Related To Its 2012 IPO

The fifth Democratic 2020 Presidential candidate debate just held in Atlanta showed just how strong the field is.  I thought 8 of the 10 candidates had very strong performances, with Pete Buttigieg, Amy Klobuchar, Cory Booker and Andrew Yang all having exceptional performances.  

A clear majority of the US is desperately seeking in the next US President someone who can unify the country.  Of all the Democratic Presidential candidates, Pete Buttigieg will be the best unifier of a very divided country.

Joe Biden is an exceptionally nice guy but his 77 years of age clearly impaired the effectiveness of his communication in this debate as it had in the other debates.

Tulsi Gabbard was again not Presidential in this debate.  

While Bernie Sanders and Elizabeth Warren both performed well in the debate, they are still both burdened significantly by their positions on Medicare For All, which is fiscally extremely expensive (probably cost $20 to $30 trillion over ten years which would compound to $50 to $80 trillion over twenty years)  and which also doesn't permit citizens to keep their present health care insurance even if they really like it, and many do, including many union members who have fought hard to get the exceptional health care insurance that they now have and also including the rapidly-growing each year to now more than 20 million seniors who have chosen what they consider to be an attractive private health care insurance plan available in Medicare.

Barack Obama is spot on when he recently said that Democratic Presidential candidates shouldn’t pursue policies that were not rooted in reality.

And Obama was also spot on when he said that Democrats should push hard on the income inequality issue, arguing that this is an area where the room to talk about this in bold ways is greater than it was in 2008.


Further he said that it is very important for the Democratic Party to be clear and bold about saying that we are going to initiate structural changes that reduce that inequality.

The sixth Democratic 2020 Presidential candidate debate will be held on December 19, 2019 on the lovely campus of Loyola Marymount University in Los Angeles, California.  

Thus I will now be doing research and making posts on the annual pay and employee benefits percentage increases that the Top-Tier Executives of large Los Angeles area Companies were rewarded with in the past five to ten years.

I will be doing this research mostly by stock market capitalization and thus the 19th Los Angeles area company I am addressing here is Investment Firm Oaktree Capital Group, which went public in an IPO in 2012.

From annual compensation information contained in 10-K filings with the US SEC, the chart below shows Oaktree Capital Group's Top-Tier Executives Annual Total Compensation for each of the two consecutive full years of employment for the past eight years where Top-Tier Executive information was disclosed in filings with the SEC.

Oaktree Capital Group's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was 5.8% per year during the past eight years.



FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Oaktree Capital Group 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
Karsh Co-Chairmac and Chief Investment Officer     12,213       7,436       7,436       1,307       1,307       9,685       9,605     15,926     15,926     43,510
Wintrob CEO       6,649     15,584     15,584       6,207       6,207       4,000       4,000     15,711    
Levin CFO       3,635       3,745
Frank Vice Chairman       7,671       4,984       4,984       7,364       7,364       6,704       6,704     13,172     13,150     34,097
Molz General Counsel       3,911       4,025       4,025       4,416    
Kirchheimer CFO  N/A   N/A        6,133       3,307       3,307       5,361       5,338     11,515
Kramer Managing Director     16,462     20,577     20,577     21,679
Graves Managing Director       9,971     28,101     28,101     47,027
 Totals      34,079     35,774     32,029     19,294     21,011     23,696     50,049     98,848     83,092   157,828
Annual % Change vs Prior Year -4.7% 66.0% -11.3% -49.4% -47.4%
5 Year Average Per Year % Change -9.4%
FYE
FYE
FYE
FYE
FYE
FYE
Dec
Dec
Dec
Dec
Dec
Dec
Oaktree Capital Group
2013
2012
2012
2011
2011
2010
Top-Tier
Total
Total
Total
Total
Total
Total
Executive
Comp
Comp
Comp
Comp
Comp
Comp
$ 000s
$ 000s
$ 000s
$ 000s
$ 000s
$ 000s
Karsh Co-Chairmac and Chief Investment Officer     43,510     12,195     12,195       4,126       4,126       8,255
Frank Vice Chairman     34,097     16,850     16,850     13,441     13,441     17,148
Kirchheimer CFO     11,515       7,371       7,371       5,420       5,420       7,886
Kramer Managing Director     21,679     31,166     31,166     18,963     18,963     15,185
Graves Managing Director  N/A   N/A 
Kaplan Principal     20,405     20,708     20,708     22,031
 Totals    110,801     67,582     87,987     62,658     62,658     70,505
Annual % Change vs Prior Year 64.0% 40.4% -11.1%
3 Year Average Per Year % Change 31.1%
8 Year Average Per Year % Change 5.8%