Coffee doesn’t solve all the world’s problems, but it doesn’t hurt.
Go to Coffeehouse Observer for more coffeehouse observations.
(This sort of corporate greed really irks – but does not surprise – me, especially since we’ve seen so much of it on Wall Street. Frankly, Wall Street is going to bring upon itself a revolution if it is not careful. – KM)
Union workers miffed
after taking cut in pay
MADAWASKA, Maine — As Fraser Papers Inc. stock tumbled in 2008 and losses culminated with Fraser seeking bankruptcy protection in mid-2009, its six top-level executives received $50,000 to $162,500 in bonuses, the company’s spring 2009 report to stockholders revealed.
Fraser’s highest-paid executive was Chief Executive Officer Peter Gordon. He received a $162,500 cash bonus atop his $325,000 base salary, stock option awards of $637,500, another $15,750 in pension value and $3,126 in “other compensation.” His take in 2008: $1.14 million.
Click on the link for the rest of the update by Nick Sambides Jr. of the Bangor Daily News.
Here’s a link to another story about the bonuses: “Bonuses at Fraser small compared to other mills“
MIAMI — Preparations shifted into high gear in Haiti on Monday to receive the estimated 200 tons of donated relief supplies aboard the Maine ship Sea Hunter, while hopes rose aboard the ship that its five days in limbo here could finally end today.
But even as the crew lashed down cargo and looked forward to this morning’s arrival of a shipmaster who has volunteered to sail the rest of the humanitarian mission, new worries arose about the health of Sea Hunter owner Greg Brooks of Gorham.
Brooks said he spoke at length Monday morning with Dr. William Lynders, a Connecticut physician who has sailed with Brooks’s Sub Sea Research Inc. on several of the company’s treasure-salvage voyages.
The cell phone consultation followed a call to Lynders by Brian Ryder, the Sea Hunter’s chief engineer and shipboard medic. Ryder said he was worried about Brooks’ physical condition, including what appears to be a lung infection.
“I thought I was a strong guy, I still think I am,” Brooks said. “But it’s been a month of overwhelming things.”
Brooks said he would decide by this morning whether to continue on to Haiti or fly home to Maine after seeing the Sea Hunter off. Either way, he said, the decision will not be easy.
Click on the link for the rest of this column by Bill Nemitz of the Portland Press Herald.
Mr. Nemitz also added a Reporter’s Notebook about the Sea Hunter. A notebook typically are bits and pieces a reporter gathers, but never seems to find place in the main story or column. Here’s a link to the notebook by Mr. Nemitz.
Wescott wins gold again | Portland Press Herald
Back home in Carrabassett Valley, ‘everybody knew he could do it’