Cruising89143 Posted April 14, 2011 #1 Share Posted April 14, 2011 Now we know where some of RCI's food budget landed.;):) http://www.cruise-community.com/News/News-Headlines/Fains-compensation-balloons-to-$8.6m.html Link to comment Share on other sites More sharing options...
deborahjo Posted April 14, 2011 #2 Share Posted April 14, 2011 Well now I know why the prices are so high to sail on RCI. How sad. Link to comment Share on other sites More sharing options...
Cruising89143 Posted April 14, 2011 Author #3 Share Posted April 14, 2011 (edited) Well now I know why the prices are so high to sail on RCI. How sad. Prices are dictated mainly by supply and demand. Other cruise lines would charge more if they could. Has nothing to do with what the CEO is being paid. Edited April 14, 2011 by cruisingator2 1 Link to comment Share on other sites More sharing options...
negc Posted April 14, 2011 #4 Share Posted April 14, 2011 Prices are dictated mainly by supply and demand. Other cruise lines would charge more if they could. Has nothing to do with what the CEO is being paid. I think most people realize that (or I hope so) but he is a convenient target when people find that cruise prices are rising and want to blame someone rather than recognize the economic facts that the economy is improving to the point that they can charge more for their cruises and still sail at or above capacity. Not sure any CEOs are worth what they are paid, but in Fain's case, he has certainly overseen a tremendous expansion of the corporation's fleets and the introduction of some spectacularly innovative features on their ships, not only on RCI but on Celebrity as well, and recent reports seem to be much more positive about Azamara's performance. When you consider some of the salaries and bonuses being paid to CEOs of corporations that are losing vast sums of money and performing quite badly, Fain is certainly more deserving of his money than they are.:) 1 Link to comment Share on other sites More sharing options...
grand isle joe Posted April 14, 2011 #5 Share Posted April 14, 2011 ....good for him.......:) 1 Link to comment Share on other sites More sharing options...
Macfans Posted April 14, 2011 #6 Share Posted April 14, 2011 The president of our little community college here in town makes 832K a year. Not bad huh. Seriously!! :confused: Link to comment Share on other sites More sharing options...
IwannaGo Now Posted April 14, 2011 #7 Share Posted April 14, 2011 I wonder if he pays more taxes than General Electric???......I know I do!!!;) Link to comment Share on other sites More sharing options...
Rare jeffreytg Posted April 15, 2011 #8 Share Posted April 15, 2011 I wonder if he pays more taxes than General Electric???......I know I do!!!;) There is a good case for eliminating all corporate tax anyway. A corporation is taxed twice. Once one earnings, then when those earnings are paid to shareholders in the form of dividends or stock buy back, those dividends are taxed too as are the capital gains on the stock. If corp taxes were eliminated, that money that had gone to the US treasury would now be retained by the corporation. And the corporation would either spend it or return it to share holders. Link to comment Share on other sites More sharing options...
negc Posted April 16, 2011 #9 Share Posted April 16, 2011 There is a good case for eliminating all corporate tax anyway. A corporation is taxed twice. Once one earnings, then when those earnings are paid to shareholders in the form of dividends or stock buy back, those dividends are taxed too as are the capital gains on the stock. If corp taxes were eliminated, that money that had gone to the US treasury would now be retained by the corporation. And the corporation would either spend it or return it to share holders. Or give it to their executives or board members, while the average working stiff will have to make up the lost tax revenue with increased taxes.:rolleyes: Link to comment Share on other sites More sharing options...
Biker19 Posted April 19, 2019 #10 Share Posted April 19, 2019 Link to comment Share on other sites More sharing options...
Biker19 Posted April 19, 2019 #11 Share Posted April 19, 2019 1 Link to comment Share on other sites More sharing options...
Biker19 Posted April 19, 2019 #12 Share Posted April 19, 2019 For context, NCL CEO had a compensation package of $22.6M. Link to comment Share on other sites More sharing options...
proggieus Posted April 19, 2019 #13 Share Posted April 19, 2019 On 4/16/2011 at 1:46 PM, negc said: Or give it to their executives or board members, who then pay taxes on it. Link to comment Share on other sites More sharing options...
klfrodo Posted April 19, 2019 #14 Share Posted April 19, 2019 On 4/14/2011 at 7:16 PM, jeffreytg said: There is a good case for eliminating all corporate tax anyway. A corporation is taxed twice. Once one earnings, then when those earnings are paid to shareholders in the form of dividends or stock buy back, those dividends are taxed too as are the capital gains on the stock. If corp taxes were eliminated, that money that had gone to the US treasury would now be retained by the corporation. And the corporation would either spend it or return it to share holders. Or, they could shut down GE, Boeing, and other corporations that receive tax breaks. Then we could get rid of the hundreds of thousands of employed people who buy cars, houses, food, appliances, go on vacations, AND pay taxes and overall keep the economic engine running. Link to comment Share on other sites More sharing options...
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