2 Maine CEOs See Above Average Raises
PORTLAND, Maine - A newspaper reports that two Maine CEOs received raises that were much higher than national averages.
The Portland Press Herald reports that Wex's Melissa Smith and Idexx Laboratories' Jonathan Ayers did better than their peers in 2016.
CEOs across the U.S. received an 8.5 percent raise on average. Smith received a 17 percent raise while Ayers saw a 23 percent increase. Smith's total compensation totaled $4.2 million in 2016. Ayers' brought in $5.8 million at Idexx in 2016.
Although the pair's raises were higher, their compensation still lags behind. The national compensation average for CEOs was $11.5 million last year.