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
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
Royal Caribbean Cruises Ltd. chairman and CEO Richard Fain acquired 18,900 shares of Royal Caribbean (“RCL”) stock for $1,990,000 or a weighted average price of around $105.60 a share, according to Seatrade Cruise News.
Mr. Fain bought the RCL shares on Thursday. The stock is reportedly for a trust primarily for the benefit of
Former Norwegian Cruise Line (“NCL”) CEO Colin Veitch’s trial against his successor, Kevin Sheehan, and their old cruise line, NCL, for defamation and breach of contract has been underway in the Miami-Dade County courthouse, here in Miami, Florida this past week.
Veitch worked at the helm of NCL from 2000 to 2008. According to Travel
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Royal Caribbean chief executive officer Richard D. Fain sold 210,706 shares of his cruise line stock in a transaction on Wednesday, August 2, 2017 at an average price of $115.83, for a total value of $24,406,075.98.
Mr. Fain was last in the news in April when a filing with the Securities and Exchange Commission
Travel Weekly and Cruise Critic are reporting that Norwegian Cruise Line (NCL) is raising gratuities on April 1st from $13.50 per person, per day, to $13.99, on all ships except the Norwegian Sky. Daily gratuities for standard cabins on the Norwegian Sky will increase to $18.99 (an increase over 40%).
Travel Weekly says that
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.
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Several news sources are reporting changes in the executive ranks at Carnival Corporation and its brands, Princess Cruises and Holland America Line.
Carnival Vice Chairman and Chief Operating Officer (COO) Howard Frank will step down. He is slated to be an adviser to CEO Arnold Donald and Chairman Micky Arison. Jan Swartz becomes the new president of Princess
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
Miami’s Daily Business Review reports today that Micky Arison paid himself a "special year-end dividend" of $90,000,000. Yes, that’s 90 million dollars.
Cruise CEO Arison is not the only executive in Florida lining his pockets, as the Review states that other executives in Florida are paying themselves dividends in the range of $250,000 to
In a proxy filing with the Securities and Exchange Commission, Royal Caribbean Cruises disclosed that its 2010 compensation paid to CEO Richard Fain (photo left) increased almost 60% to $8,600,000. Royal Caribbean increased the compensation paid to the company’s four other named executives from 18.5% to almost 50%. The largest compensation increase of the four executives went to Adam Goldstein (photo right), the president of
