Following the fire on the Carnival Freedom cruise ship, the burned ship was neither safe nor suitable to carry vacationing guests on a return cruise back to Florida. Despite telling its guests in a letter delivered to their cabins on the burnt ship that it intended to send them home “as soon as possible,” Carnival
Carnival Corporation CEO Arnold Donald’s Compensation Increased Over 35% in the Past Two Years of the Pandemic to Over $15,000,000 While CCL Stock Declined Over 60%
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…
Stock Awards During a Deadly Pandemic? Carnival Executives Prosper While Crew Members Struggle
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…
Carnival Cruise Executives Dump Stock
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…
Trump Names Billionaire Carnival Tycoon and Multi-Millionaire Royal Caribbean and NCL CEO’s to His “Great American Economic Revival” Industry Group
President Trump announced a list of “Great American Economic Revival” industry groups at the coronavirus briefing on Tuesday. He said that the groups will advise the White House on reopening the economy after the shutdown necessitated by the COVID-19 pandemic.
The Great American Economic Revival Cruise Industry Group
This week the White House has…
Carnival Corporation Picked As One of the Top 20 Most Challenged Brands in 2019
The Chief Marketing Officer (CMO) Council, a global network of senior marketing executives, selected Carnival Corporation as one of the “Bruised, Battered and Embattled Brands” in 2019.
According to the advertising publication Campaign, the CMO Council selected 20 companies to be on its “bruised and battered” dis-honor roll. Carnival Corporation joined the likes of…
Cruise Line CEO’s Income: The Rich Get Richer – NCL Del Rio Collects Over $22,500,000 Last Year
The Sun Sentinel recently published an article, the Top 10 Highest-Paid CEOs in South Florida. Included in the top ten list, are three cruise executives: Norwegian Cruise Line Holding’s Frank Del Rio, Royal Caribbean Cruises’ Richard Fain, and Carnival Corporation’s Arnold Donald.
#1: Norwegian Cruise Line Holding’s Frank Del Rio:
The highest paid cruise…
Carnival’s Victims Seek to Intervene in Pollution Case
Yesterday a lawyer from Seattle Washington filed a motion on behalf of three victims of Carnival’s pollution seeking status under the Crime Victims’ Rights Act (CVRA). Seattle attorney Knoll Lowney argues that his three clients, all affected by Princess Cruise Line’s and its parent Carnival Corporation’s pollution, want more transparency in the case.
Judge Orders Executive Committee of Carnival’s Board of Directors, Including Micky Arison and Arnold Donald, to Appear at Court Hearing on June 3rd
On Friday, May 24th, United District Court Judge Patricia Seitz, who is presiding over the pollution case pending against Princess Cruises, ordered all members of the Carnival Corporation & plc Executive Committee of the Board of Directors to appear at a hearing scheduled for June 3, 2019 at the federal courthouse in Miami.
Arnold Donald’s Amazing Rise from the Ninth Ward to Carnival CEO
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…