PORTLAND, Maine (AP) - A newspaper reports two Maine CEOs received total raise and benefits packages in 2016 of $4.2 million and $5.8 million, respectively.
The Press Herald reports (https://bit.ly/2qbC4zH ) Wex’s Melissa Smith received a 17 percent raise and a 47 percent increase in total compensation for 2016. She received a base salary of $674,039, which rose to $4,211,007 when incentives and stocks were added.
Idexx Laboratories’ Jonathan Ayers received a base salary of $800,000 in 2015 that rose to $4,767,705 when adjusted for bonuses and incentives. In 2016, he had the same base salary, but received $5,842,863 in total compensation, a 23 percent increase.
The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation, according to a study by executive data firm Equilar for the Associated Press.
___
This story has been corrected to show that the raises and compensation were not national averages but were for CEOS at the biggest U.S. companies.
___
Information from: Portland Press Herald, https://www.pressherald.com
Please read our comment policy before commenting.