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Yesterday, I attended the annual Seatrade Global conference in Fort Lauderdale. In the morning, the "state of the industry” featured the usual cruise tycoons extolling on the billion dollar cruise industry. Carnival Corporation’s CEO Arnold Donald, Norwegian Cruise Line Holdings CEO Frank Del Rio, MSC Cruises Executive Chairman Pierfrancesco Vago, and Royal Caribbean Cruises CEO
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Three cruise CEO’s sold their Carnival (CCL) stock a week ago for a combined total of nearly $9,500,000, according to Market Digest.
On December 29,2016, Stein Kruse, the CEO of Holland America Group, Alan Buckelew, the Chief Operations Officer of Carnival Corporation, and David Bernstein, the Chief Financial Officer and Chief Accounting Officer of
The DOJ has a history of not arresting cruise executives notwithstanding how widespread the dumping of oil or chemicals in the nations’s waters may be. Will the most recent dumping incidents by Carnival’s subsidiary, Princess Cruises, culminating in a $40,000,000 fine be any different?
Throughout the 1990’s, Royal Caribbean engaged in repeated dumping of everything
Cruise Industry News reports that Carnival Corporation recently confirmed in a SEC filing that it had extended CEO Arnold Donald’s employment agreement for an additional year.
You can see the original terms of his three year employment plan filed with the SEC in 2013 here.
Mr. Donald collected $9,373,908 in 2015.
The SEC
The Securities and Exchange Exchange Commission reported this past week that the president & CEO of Norwegian Cruise Line Holdings Ltd ("NCLH"), Frank Del Rio, bought 83,498 shares of NCLH at an average price of $35.94 a share. (Photo below, right, during interview on CNBC).
The transaction took place on on August 31, 2016. The
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Yesterday, Royal Caribbean’s Chairman and CEO Richard Fain bought 29,190 shares of RCL stock, in a series of trades for an average of $68.5161 per share, worth nearly $2,000,000, according the to an article in Seatrade and SEC forms.
Today, with the RCL stock up over 6.50% from yesterday’s close, his $2,000,000 worth of shares
A couple of days ago, Cruise industry News reported that, according to NCL’s 2015 Annual Report, Kevin Sheehan received a severance package from NCL last year totaling $13,400,000 (million).
Mr. Sheehan resigned unexpectedly in January last year amidst some controversy.
The annual report in question, which you can see here, specified a "a
Later this morning, Seatrade’s State of the Global Cruise Industry Conference, moderated by CBS Travel Editor Peter Greenberg, will feature four cruise executives: Frank Del Rio, President & CEO, Norwegian Cruise Line Holdings Ltd, Arnold Donald, President & CEO, Carnival Corporation, Richard Fain, Chairman & CEO, Royal Caribbean Cruises Ltd. and Pierfrancesco Vago, Executive Chairman
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Royal Caribbean Cruises President and Chief Operating Officer (COO) Adam Goldstein sold 90,000 shares of the cruise line’s stock today.
Mr. Goldstein sold the shares at $98.88 per share for a total value of $8,898,804.
Mr.Goldstein last sold RCL stock in July when he sold 4,184 shares at at $91.08 per share for a total
The new president of the Cruise Line International Association (CLIA), Thomas Ostebo, unexpectedly left his new job amidst claims by CLIA that he departed for unexplained "personal reasons."
Mr. Ostebo retired from the U.S. Coast Guard as a rear admiral before joining CLIA. He joined CLIA with great fanfare.
CLIA Chairman and president of
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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
"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
