There were two news stories this past week which prove that the maxim “rich cruise tycoons get richer” remains true while the debt-strapped cruise industry continues to struggle. Business Insider reported that Royal Caribbean Cruises, Ltd. CEO Jason Liberty collected $10,760,000 last year. Meanwhile, crew members on Royal Caribbean cruise ships made a median annual
Norwegian Cruise Line Holdings, parent company of NCL, Oceania Cruises and Regent Seven Seas Cruises, terminated nine percent of its shoreside workforce earlier this week, according to the Miami Herald. NCL did not explain why it was 
necessary to terminate nearly a tenth of its employees, particularly during the holiday season. Meanwhile, NCLH promoted
A number of travel publications are reporting that Norwegian Cruise Line (NCL) is drastically increasing its service charges by an unprecedented 25% for most cabins, effective January 1, 2023. NCL’s new rate for most passenger cabins will increase $4 from the current $16 a cabin to $20 cabin per person per day. NCL’s guests staying
Carnival Corporation CEO Arnold Donald received over $15,000,000 in compensation in 2021, according to MarketWatch. Carnival stock (CCL) had a “two-year decline of 60.4%” while Mr. Donald’s “total compensation increased 35.1% over the past two years” to $15,060,000.
Income for Carnival Corporation #cruise / @CarnivalPLC Chief Executive Officer / CEO Arnold Donald Increased 35% in past two years to over $15,000,000 while CCL stock declined over 60% https://t.co/9DCKw87kOY. Photo via Cruise Industry News pic.twitter.com/w57TOdiUUc
— James (Jim) Walker (@CruiseLaw) February 16, 2022
The Carnival CEO’s income increased from $13,306,097 in 2020 and $11,149,514 million in 2019, according
Last week, the Economist asked the question in the title of its article about excessive corporate compensation – Will Shareholders Halt the Inexorable Rise of CEO Pay? Today, a clear majority of Norwegian Cruise Line Holdings shareholders in what is called a “say-on-pay” vote, gave a big “thumbs down” to the company’s plan to pay
Carnival Cruise Line posted a video of President Christine Duffy yesterday stating that (1) it hasn’t made a decision to require vaccines, and (2) it won’t sail from non-U.S. home ports (like Royal Caribbean / Celebrity are going to do in the Bahamas and St. Martin).
(1) My view is that Carnival Cruise Line wants
Frank Del Rio, president and CEO of Norwegian Cruise Line Holdings, received compensation in the staggering amount of $36,400,000 in 2020, consisting primarily of nearly $18,000,000 in stock awards, according to a recent Security and Exchange Commission (SEC) filing. The news was initially reported by the cruise trade publication Cruise Industry News.
CEO Del
Carnival Corporation CEO Arnold Donald and other top Carnival cruise executives collected millions of dollars more in compensation in 2020 than in 2019 via stock awards, according to a filing with the Securities and Exchange Commission (SEC) last week. Cruise Industry News summarized the compensation in an article titled Carnival Corporation Executives Made More Money
A number of Carnival Corporation cruise executives sold over 125,000 shares of CCL stock last week, according to forms filed 
with the Securities and Exchange Commission (SEC).
According to SEC forms, CEO Donald (left) sold 62,639 Carnival shares on January 14th for $1,300,000, at an average per price of $21.12 per share. The forms
Norwegian Cruise Line Holding’s CEO Frank Del Rio (photo above, via CNBC, in happier times in 2019) collected $17,808,364 in compensation last year, including $12,201,324 in stock awards and $3,600,000 in incentive plan compensation according to SEC filings. His compensation was down from 2018 when he collected nearly $22,600,000. Del Rio has collected over $85,000,000