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Yesterday, Royal Caribbean chairman Richard Fain sold 151,032 shares of his cruise line’s stock for $13,650,151 at an average price of $90.40 a share. President and Chief Operating Officer Adam Goldstein sold 4,184 shares at at $91.08 per share for a total value of $381,094.19. Royal Caribbean’s General Counsel and Chief Compliance Officer Bradley Stein sold 2,402 shares
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Carnival Corporation announced its second quarter profits today.
Its revenues to date for 2015 (June 30th) were $7,180,000,000 (billion), consisting of passenger fares (tickets) of $5,425,000,000 and onboard purchases (booze, spa, specialty meals, casino) of $1,755,000,000. It’s net income was $271,000,000.
And Carnival paid taxes of? Nothing.
You have heard me say this before. By
"Mad Money" host Jim Cramer is a fan of Carnival Corporation (CCL).
He used to associate the word "disaster" with Carnival Cruise Lines. Between the Costa Concordia sinking, engine room fires, the Triumph "poop cruise," passengers sick with norovirus, the Arab Spring – it "seemed the company was doomed," says CNBC.
But Carnival has enjoyed a
According to the SEC, Royal Caribbean CEO Richard Fain (below right) sold 87,488 shares of his RCL stock at an average price of $76.41, for a total value of $6,684,958.08.
After the transaction, cruise executive Fain still owns 1,139,613 shares of his cruise line stock valued at approximately $87,077,829.33.
I wrote a similar article
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Carnival’s Arnold Donald is not a typical cruise line executive. He’s not white; he wasn’t born with a silver spoon in his mouth; and he’s not arrogant.
He was born in New Orleans. His parents didn’t finish high school. They raised him and his three siblings in the Ninth Ward (which is now largely
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
I was sitting in Atlanta’s Hartsfield-Jackson International Airport this morning when I read a travel publication’s headline that Christine Duffy was just named president of Carnival Cruise Lines. Reading the headlines made me feel like I was having an out-of-body experience.
Christine Duffy president of Carnival?
I stopped for a moment and thought, is today
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 Securities & Exchange Commission reports that Norwegian Cruise Line (NCL) Executive Vice President Andrew Stuart sold 67,701 shares of NCL stock in a transaction last week at an average price of $40.35, for a total value of $2,731,735.35.
You can read more information about the stock sale at Ticker Report.
Mr. Stuart reportedly
Carnival Chairman and major stockholder Micky Arison sold 212,474 shares of Carnival stock on Friday, September 19th at an average price of $40.22 for a total of $8,545,704.28, according to the Securities & Exchange Commission.
Yes, this is a serious amount of money. But its peanuts for this cruise tycoon.
By last June, Arison
KHOU 11 reports that alcohol and cigarettes purchased by cruise passengers, represented by cruise lines as "duty-free products," are being taxed by the Texas Alcoholic Beverage Commission (TABC) once the ships return to Galveston.
The state of Texas will start collecting similar taxes from cruise passengers at the Port of Houston by in October.
The
Multiple sources are reporting that Royal Caribbean entered into an agreement to sell the Celebrity Century cruise ship to a Chinese cruise company.
The company buying the Century is identified as Exquisite Marine Ltd., a holding company controlled by Ctrip International Ltd.
Royal Caribbean says that the Century will "complete its scheduled sailings through the
Travel Weekly just published an "interview" of Royal Caribbean cruise executive Richard Fain as part of the cruise line’s promotional build-up to the arrival of the Quantum of the Seas.
it’s hyperbolic, razzle-dazzle, gobbledygook at it’s finest.
Royal Caribbean has been been invading crew gratuities for years, doubling up officers in what were previously
Reuters reports that Royal Caribbean’s CEO Richard Fain recently sold 94,850 shares at average price of $62.38 for a total value of $5,916,743.00; and exercised options for 51,143 shares at $7.27 per share for a total value of $3,190,300.00.
CEO Fain holds over a million shares of his cruise line’s stock. Reuters says he holds
Media reports say that Royal Caribbean Cruises Chief Operating Officer (COO) Adam Goldstein sold 42,152 shares of his cruise company’s stock yesterday.
The shares were sold at an average price of $61.68 for $2,599,935.36.
COO Goldstein still owns 370,724 shares of Royal Caribbean stock, valued at $22,866,256.
Royal Caribbean announced its earnings results on Thursday.
Effective Monday May 5, 2014, Royal Caribbean will create a new risk management department which will be managed by a certified public accountant, Tom Burke. Mr. Burke joined the cruise line in 2003 and most recently worked as the Vice President of Audit and Advisory Services. He was previously a manager at the accounting firm
Travel Weekly and Skift recently reported that the new CEO of Carnival Corporation, Arnold Donald, will receive the following in compensation:
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$1 million base salary to start, with reviews by the board of directors to increase or decrease his salary;
A fixed bonus of $1.125 million for 2013;
A one-time award of performance-based restricted stock
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News sources report that Royal Caribbean President Adam Goldstein sold 7,855 shares of RCL stock on the open market in a transaction yesterday.
Goldstein’s sold the stock at an average price of $43.22, for a total value of $339,493.10.
He reportedly now directly owns 335,654 shares of Royal Caribbean stock, valued at approximately $14,506,966.
Yesterday
