Travel Weekly and Skift recently reported that the new CEO of Carnival Corporation, Arnold Donald, will receive the following in compensation:

Arnold Donald - Carnival Cruise Lines Compensation$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

Last month, the Sun Sentinel reported that Carnival’s earnings "continue to be hurt by a series of embarrassing mishaps and softened demand for certain cruises that has kept fares low." The world’s largest cruise operator reported a 30 percent drop in third-quarter profits.

Critics have attributed Carnival’s woes to damage to its namesake cruise line’s

Arnold Donald Carnival CruiseCarnival scored some much needed public relations points during an interview with CBS News’ travel expert Peter Greenberg. Following several high-profile mishaps (the Costa Concordia disaster and the Carnival Triumph "poop cruise"), the cruise giant is reportedly spending more than half-a-billion dollars for improvements on its fleet of cruise ships. 

Of particular interest during