Carnival Corporation Chairman Micky Arison reportedly just sold 10,000,000 (million) shares of Carnival stock for approximately $433,700,000 (million).
The stock transaction was a "block sale" performed by a trust to benefit Arison. All of Arison’s shares reportedly are held either directly or indirectly in various trusts.
By June of last year, Arison had unloaded over $490,000,000 of his cruise stock in 2014.
By my calculations he has sold well over $900,000,000 of his cruise line’s stock in the last 12 months.
After this latest sale, the Arison family reportedly still has about 159,200,000 shares of Carnival stock.
This vast wealth was generated by incorporating the cruise line in Panama and registering Carnival-owned cruise ships in places like Panama and the Bahamas in order to avoid all U.S. taxes, safety regulations, and wage & labor laws so Carnival can pay the bulk of its crew members peanuts.
Carnival-owned Costa paid just a little over $1,000,000 in fines after the Costa Concordia disaster, which killed 32 people, in order to escape accountability in the criminal trial of Captain Schettino.
Who says that money can’t justice?
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Photo Credit: New York Post