Thus I think it would be helpful to research the extent of income inequality expansion in the State of Kentucky in the most recent years.
So far in my research of large US Corporations 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, even 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.
There have been many US Government laws enacted in the past two decades that have substantially increased income inequality expansion including the year after year after year of annual furtive tax extenders of predominately special interests additional tax loopholes, which both the Democratic and Republican Establishments voted for under the radar screen every year just before calendar year end, but nothing was even close to being more income inequality expanding than the Trump Tax Cuts Act.
On the other hand, the only highly effective US Government law enacted by either party in the past two decades that has substantially reduced income inequality expansion is Obamacare.
My objective is to get a better handle on just why the US has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative long-term annual pay and employee benefits percentage increases for the executives of a Company vs the many non-executive employees of a Company, coupled with the stock price appreciation subsequent to the time the company executives were rewarded in their pay with stock equity compensation.
In my study of large Kentucky-related Companies, the 18th Kentucky-related Company I am addressing here is Xerox.
From annual compensation information contained in Company Proxy Statement filings with the US Securities and Exchange Commission, the table below shows Xerox's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent five years.
Xerox's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was an Off-the-Charts 68.2% per year during the most recent five years.
| FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | |||||
| Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | Dec | |||||
| Xerox | 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 | |||||
| Visentin Vice Chairman and CEO | N/A | N/A | ||||||||||||
| Jacobsen Former CEO | N/A | N/A | 9,513 | 5,347 | 5,347 | 4,022 | 4,022 | 4,804 | ||||||
| Brandrowczak COO | N/A | N/A | ||||||||||||
| Osbourn CFO | 3,366 | 5,026 | ||||||||||||
| Feldman President North America Ops | 3,571 | 3,830 | ||||||||||||
| Tessler President International Ops | 3,671 | 4,528 | ||||||||||||
| Burns Chairman and CEO | 14,068 | 10,613 | 10,613 | 22,205 | 22,205 | 2,487 | ||||||||
| Varon CFO | 2,891 | 1,430 | 1,430 | 2,873 | 2,873 | 551 | ||||||||
| Vemuri President Xerox Services | N/A | N/A | ||||||||||||
| Zapfel President Xerox Services | 4,590 | 4,550 | N/A | N/A | ||||||||||
| Mikells CFO | N/A | N/A | N/A | N/A | ||||||||||
| Firestone EVP | 6,403 | 1,206 | ||||||||||||
| de Lima Former President Xerox Technology | 7,573 | 3,142 | ||||||||||||
| Blodgett Former President Xerox Services | 7,605 | 4,297 | ||||||||||||
| Totals | 10,608 | 13,384 | 9,513 | 5,347 | 26,896 | 20,615 | 16,065 | 29,882 | 46,659 | 11,683 | ||||
| Annual % Change vs Prior Year | -20.7% | 77.9% | 30.5% | -46.2% | 299.4% | |||||||||
| 5 Year Average Per Year % Change | 68.2% | |||||||||||||
