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Jean Hoffman, president and CEO of Putney
ON THE COVER

A growing cluster of companies caring for your pet’s health eyes a $51B market

Whit Richardson |

The country's economy has been in a recession for the last several years, but you wouldn't know it by looking at the amount of money people are spending on their pets.

 
FEATURES
Patrick Roche expects his new coworking space at 533 Congress St. in Portland will be a hub for small businesses and freelancers

Gains in coworking space mixed

Sara Anne Donnelly |

It's been roughly a year since two coworking spaces brought the global shared-office trend to Portland. Their success here has been mixed. The larger of the two spaces, PelotonLabs, a...

Lisa Martin, executive director of the Manufacturers Association of Maine, says work force is key to growing manufacturing in Maine

The national spotlight shines on revived manufacturing

Carol Coultas |

Manufacturing has been getting a lot of national attention since President Obama's State of the Union address where he spoke of insourcing and establishing tax policies to reward domestic...

 
Focus on Technology
Charles “Wick” Johnson, president of Kennebec Technologies, expects his company to benefit from increased efforts to bring manufacturing back to the United States

New markets drive growth at Kennebec Technologies

Douglas Rooks |

Charles "Wick" Johnson examines some stainless steel castings in the production area at Kennebec Technologies, a 30-year-old...

Efforts under way to revive Maine's tech community

It's been about six months since TechMaine, a statewide association for technology companies, disbanded, citing shrinking membership and...

Function, results and prices play into a business’ decision to invest in an app

Matt Dodge | 1

Any company looking to establish a strong web presence can easily find itself caught in an arms race of technology innovations. As of...

Columns

Pay increases need a focus and purpose

BY Alison Hinson

The economy looks like it is slowly but surely trending in the right direction. After years of reining in expenses, including employee...

Budget burdens

BY Mal Leary

$100M more in Medicaid cuts eyed

 
Lists

Maine's highest-paid public company executives

Ranked by total annual compensation, 2012

RankExecutive, locationTotal annual
compensation (1)/Organization's
revenue
(in millions)
1Jonathan Ayers, president/CEO
Idexx Laboratories Inc., Westbrook
$3,824,198/$1,293.3
2Michael Dubyak, president/CEO
WEX Inc.(2), South Portland
$1,945,545/$623.2
3Jay Mazelsky, executive vice president
Idexx Laboratories Inc, Westbrook
$1,333,386/$1,293.3
4Michael Williams, executive vice president
Idexx Laboratories Inc., Westbrook
$1,134,498/$1,293.3

(1) Total annual compensation includes salary, bonus and other annual compensation, but not long-term compensation. (2) Formerly Wright Express Corp. On May 1, 2013, Melissa Smith assumed the position of president as part of a leadership succession plan that will culminate in her taking on the additional role of CEO of WEX Inc. on Jan. 1, 2014. Michael Dubyak will remain chairman and CEO of WEX Inc. during the transition period, and will assume the newly created role of executive chairman of the board on Jan. 1, 2014.

Source: U.S. Securities & Exchange Commission company Proxy Statements (14A); each company's financial statements./Compiled by Roger Magnus.



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