I’ve written many articles about the rich-get-richer schemes of cruise executives: paying the crew members a pittance, making the crew work for 10-to-12 hours a day 6-to-8 months without a single day off, firing hundreds of office employees when the stock drops, and so forth and so on.
Well you can add this article to the list.
The Securities & Exchange Commission revealed that Royal Caribbean’s Chief Operating Officer Adam Goldstein unloaded 90,000 shares of the company’s stock yesterday. Goldstein sold a small portion of his RCL stock at an average price of $77.31 for $6,957,900.00. Following the the sale, he still owns 310,724 shares of his cruise stock, valued at approximately $24,022,072.
I last wrote about cruise executive Goldstein’s stock sales this summer – The Rich Get Richer: Cruise Executive Goldstein Unloads $2,599,935.36 of Royal Caribbean Stock.
Goldstein caused an uproar in August when the cruise line announced that it was charging kids $10 to have breakfast with Shrek.
Now you can understand where all those nickels and dimes go – into the cruise executives’ pockets.
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Photo Credit: Royal Caribbean Press Center