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The biggest CEO pay raises and pay cuts of 2016

Here are the three CEOs who got the biggest pay raises last year, and the deepest pay cuts, as calculated by The Associated Press and Equilar, an executive data firm.

This photo provided by Broadcom shows President and CEO Hock E. Tan. Tan received one of the top three pay raises among CEOs in 2016, according to a study carried out by executive compensation data firm Equilar and The Associated Press. (Broadcom via AP)

CEO pay climbed faster last year, up 8.5 percent

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 last year, according to a study by executive data firm Equilar for The Associated Press. That’s the biggest raise in three years.

This photo combination of images shows the top 10 highest paid CEOs in 2016, according to a study carried out by executive compensation data firm Equilar and The Associated Press. On top row, from left: Charter Communications CEO Thomas Rutledge; CBS CEO Leslie Moonves; Walt Disney CEO Robert Iger; Discovery Communications CEO David Zaslav; and Activision Blizzard CEO Robert Kotick. On bottom row, from left: Comcast CEO Brian Roberts; Time Warner CEO Jeffrey Bewkes; IBM CEO Virginia Rometty; Regeneron Pharmaceuticals CEO Leonard Schleifer; and Wynn Resorts CEO Stephen Wynn. (AP Photo)

Savannah Maritime group graduates fifth class of logistics interns

The Maritime Logistics Education Taskforce has graduated its fifth class of logistics interns, partnering with four school systems and 20 business partners to give area high school students real-time experience in one of the area’s fastest-growing industries.

MLET intern Cade Layser of Woodville Tompkins High School in Savannah received high marks from his bosses at Fulfillment.com, where he will begin working full time in the fall. (Photo courtesy Fulfillment.com)

BiS in brief: JEA to honor Kohler, Riverview renovation, public hearing

The 105th Annual Meeting of the Jewish Educational Alliance will feature the presentation of the JEA Community Service Award to Tom Kohler, recognized for being a tireless advocate for those in need.

CITY TALK: ‘Fee’ would burden downtown residents, workers, businesses

Savannah City Council is poised to consider a new “fee” that would add 25 cents to most sales tax eligible purchases over $10 in the busiest portions of downtown. The revenue would fund Savannah Serves, an ambassadorial program that was created, according to the official website. We could debate the merits of the program, but it certainly has laudable goals of assisting visitors, beautifying downtown and providing more resources for public safety.

Bill Dawers

Port sees solid growth, bigger ship on schedule

April was another recording setting month for the Georgia Ports Authority and officials expect the momentum to continue as the organization enters the last few weeks of the 2017 fiscal year.

During the 30 hours the COSCO Development was in dock at the Port of Savannah, six cranes moved more than 9,700 TEUs on and off the vessel. The length of four football fields and nearly 160 feet wide, the ship was the largest to ever call on the East Coast. (Georgia Port Authority / Stephen Morton)

Newsmakers

NEW HIRES/PROMOTIONS

Passenger numbers soar at Savannah airport as officials target Florida market

After posting record passenger statistics for 2016, the Savannah/Hilton Head International Airport is rewriting the record books so far in 2017.

CITY TALK: District 2 stakeholders share visions for city

Last Wednesday evening, about 100 Savannah residents participated in the District 2 meeting at the Savannah Civic Center to gather input for Savannah Forward, a strategic planning process that is one of the most important initiatives launched since the hiring of City Manager Rob Hernandez.

Prospect of NAFTA rewrite gives U.S. farmers a case of jitters

A sizable majority of rural Americans backed Donald Trump’s presidential bid, drawn to his calls to slash environmental rules, strengthen law enforcement and replace the federal health care law.

BiS in brief: New distribution facility, hotel renovates, Chamber opens in Tifton

In a Thursday release, Hudson Resources announced an agreement with Metro Ports, a bulk stevedoring and terminal operating company, to design, build and operate a port facility adjacent to the Port of Savannah. Hudson will establish a key distribution hub in North America for its White Mountain anorthosite used in the production of E-Glass, paints and coatings.

World Trade Center Savannah to offer seminar on export compliance

World Trade Center Savannah will offer a one-day seminar from 9 a.m. to 3 p.m. June 1 at at its Hutchinson Island location.

Hubbard: Avoid common mistakes before divorce

You’ll face many pivotal decisions throughout your divorce. Unfortunately, missteps often turn into larger mistakes that could jeopardize your financial security and well-being for years to come. So whether you think your spouse may be considering divorce, or you may be contemplating it yourself, it’s important to be proactive about your finances well in advance of divorce becoming reality.

AP Exclusive: Kushners tap China’s $24B ‘golden visa’ market

When the sister of President Donald Trump’s son-in-law Jared Kushner promoted investment in her family’s new skyscraper from a Beijing hotel ballroom stage earlier this month, she was pitching a controversial American visa program irresistible to tens of thousands of Chinese.

Appeals court strikes down FAA drone registration rule

An appeals court on Friday struck down a Federal Aviation Administration rule that required owners of drones used for recreation to register their craft.

With many social media options, small businesses need focus

When Snapchat went public this year, it was a reminder to many small business owners that they need to be part of the social media evolution. But which network? Snapchat? Facebook? Instagram? All of the above?

PortSide: ‘Liberty ship’ flash drives support work of Savannah’s Port Welfare Committee

Retired English seafarer Nick Farley, who now makes Savannah his home, has been working tirelessly to get the new Savannah Ports Welfare Committee up and running since the group was formed last summer.

Specially made 16G flash drives in the form of a Liberty Ship are now available for a minimum $20 donation to the PWC. (Savannah Morning News)

Online sales for Wal-Mart surge in strategy shift

Wal-Mart saw online sales surge as it changed up its shipping offers, and drew more shoppers to its stores as well in the most recent quarter even as retail overall is more competitive.

FILE - In this Thursday, June 4, 2015, file photo, a sign is displayed at a Wal-Mart pickup grocery location in Bentonville, Ark. Wal-Mart Stores Inc. reports earnings, Thursday, May 18, 2017. (AP Photo/Danny Johnston, File)

Georgia’s top malpractice insurer seeks to change company structure

Georgia’s largest medical malpractice insurer aims to convert from a “mutual’’ company to a stock company, according to filings with the state insurance department.