Concordia Two Years Later: Former Costa CEO Pier Luigi Foschi Retiring from Carnival with Bonus While Victims Remain Uncompensated
Its been nearly two years since the Concordia recklessly crashed into the rocks surrounding the little port of Giglio, killing 32 passengers and crew and terrorizing thousands.
The officers of the operator of the cruise line, Costa, and the owners of the owner, Carnival corporation, quickly dumped 100% of the blame on the now disgraced captain, Francesco Schettino, who remains on trial for manslaughter and abandoning ship.
Although salvors have up-righted the cruise ship during the highly published "parbuckling" maneuver at a cost of nearly one billion dollars, the ship is still sitting in the water at the port.
The big news this week has been Carnival's announcement yesterday that the former CEO of Costa Cruises is retiring.
Pier Luigi Foschi was CEO at Costa Cruises at the time of the disaster. Many people believe that Foschi and other senior Costa officials knew that their captains were altering the cruise routes and performing dangerous "flybys" but diverted attention from themselves by foisting all of the attention and blame on Captain Schettino.
Carnival announced yesterday Foschi is retiring from the Carnival organization after 16 years. He had retired from Costa in the summer of 2012, six months after the Concordia capsized. Carnival Corporation then named him as the CEO of the Carnival-Asia operations.
The Miami Herald says that Foschi is receiving a bonus of 1,250,000 euros ($1.7 million) as part of a separation agreement.
According to the Independent newspaper, Foschi was paid $3,970,000 in 2012, for the one year period after the Concordia debacle. He also reportedly has shares worth $4,700,000.
Carnival Chairman Micky Arison praised Foschi yesterday for his contribution to Carnival's business.
Meanwhile, those Concordia passengers who did not accept Costa's settlement offer of 11,000 euros are continuing to pursue lawsuits against Costa and Carnival. The Costa crew members affected by the Concordia disaster were essentially left out in the cold and were lucky if they ended up on another Costa ship.
Its a telling list of financial priorities. A billion dollars to salvage the Costa ship, millions of dollars for the Costa CEO, peanuts for the Costa passengers, and nothing for the Costa crew members.
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