The median pay package for CEOs rose to $16.3 million, up 12.6%. Meanwhile, wages and benefits netted by private-sector workers rose 4.1% through 2023.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News
Electric grid operators ordered to brace for surging demand and storm threats
New England has already begun looking at how the regional grid can adapt to change.
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Posted inBusiness, Local & State, News
Eastport wants cruise ships. Federal staffing problems may complicate that.
U.S. Customs and Border Protection notified Gardner in January that, because of staffing shortages, there was some question whether it could screen four vessels due from Canada in the fall.
Posted inBusiness, Lewiston-Auburn, Local & State
Agriculture is a growing part of Maine’s economy despite fewer farms, farmland and farmers
Rising production costs, climate change and an aging population of farmers ready to retire are among the challenges facing the agriculture sector in Maine.
Posted inBusiness
Search our database of western Maine farms
Farms found in Androscoggin, Franklin and Oxford counties.
Posted inBusiness, Nation & World, News
Higher for longer rates mean no escape from the debt squeeze
Even where consumer spending looks solid, it’s often being funded by borrowing.
Posted inBusiness, Nation & World
Job seekers brave AI bots, interviewing nightmares in tougher labor market
To deal with a higher volume of applications, some employers are trying to get through early interviews faster by avoiding real-life conversations altogether.
Posted inBusiness, Nation & World, News
Singapore wealth flows face new scrutiny in superhacker case
U.S. authorities are seeking to seize Wang YunHe’s $6.9 million apartment and his 2022 Ferrari Spider.
Posted inBusiness, Nation & World, News
Google makes fixes to AI-generated search summaries after outlandish answers went viral
While many of the examples were silly, others were dangerous or harmful falsehoods.
Posted inBusiness, Nation & World
Merrill Lynch agrees to pay nearly $20 million to settle class action racial discrimination lawsuit
The lawsuit alleges that African American advisers received less compensation and fewer promotions than their white counterparts.