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. 

Pier Luigi Foschi Costa Cruises 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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Costa CEO to Oversee Carnival Corporation Growth in Asia

Pier Luigi Foschi - Costa Cruise - Carnival AsiaThe cruise blog Noticias de Cruceros published an interesting article today about the former president and CEO of Costa Crociere, Pier Luigi Foschi.

It seems that Mr. Luigi, who supposedly "retired" last July following the Concordia disaster, has been selected by the Carnival Corporation as the president and CEO of a new business new unit in Asia to monitor the growth strategies of the company on that continent.

In his new position, Foschi will be responsible for setting up the new company's corporate offices in Singapore and to direct and assist the operating units of the company in its business ventures in Asia.

Currently, the Asian operations of Carnival Corporation include two ships of Costa Cruises, based in China and Singapore, as well as the Princess Cruises' Sun Princess which will will begin a series of routes from Japan next spring.

Mr. Foschi will continue in his current position as president and CEO of the Costa group, and will remain a member of the board of directors of Carnival Corporation.  As the president of Carnival Asia, he extensive experience in the Asian market, having overseen Costa entry in the region in 2006.

 

Photo Credit:  LaStampa.it