Kevin Sheehan's severance pay

[FreestyleNovice]

"Kevin Sheehan’s Exit Package Revealed

March 14, 2016

Over 14 months has passed since the resignation of Kevin Sheehan as the president and CEO of Norwegian Cruise Line Holdings.

 

‘Cruise Industry News’ has revealed that the Norwegian Cruise Lines recently-filed 2015 Annual Report shows that Kevin Sheehan’s executive severance package was $13.4 million.

 

Wow!"

 

https://malcolmoliver.wordpress.com/2016/03/14/kevin-sheehans-exit-package-revealed/

 

I wish him all the best! :)

[pieshops]

And...........?

[NIATPAC29]

no story here---move along now

[pieshops]

people on this board seem fascinated in what other people are paid.

[ColinIllinois]

Nice severance deal. Good for him.

[bbryan5]

Not bad

[LrgPizza]

I could book a lot of cruises with that kind of deal!

[Barb Nahoumi]

Wow!!!!!!!

[rochelle_s]

Curious if you get that kind of money when it is your decision to quit? Sounds more like a package you get when asked to leave.

 

 

Rochelle

[Keith1010]

Interesting.

Keith

[jdycty]

That is nobody's business.

[ColinIllinois]

That is nobody's business.

 

If you were talking about a server or a bartender I would agree. However, as the CEO of a publicly traded company it has to be reported to the stockholders and those guvment revenuers. ;)

[Sissaaaaaa]

Good for him!

[sparks1093]

Curious if you get that kind of money when it is your decision to quit? Sounds more like a package you get when asked to leave.

 

 

Rochelle

 

I don't believe that I read anything that suggested that his departure was voluntary on his part.

[Sissaaaaaa]

I don't believe that I read anything that suggested that his departure was voluntary on his part.

 

You don't normally get a severance package when leaving of your own volition.

[NYcruzzer]

That is nobody's business.

 

It is when you work for a public company....

[sandheichert]

Who cares

 

 

Sent from my iPhone using Forums mobile app

[beerman2]

Doesn't change anything for me and for those saying who cares or none of your business , it is PUBLIC knowledge and OP was just showing article.

 

 

I also agree KS didn't leave on his own accord, hence the Severance Package!

 

In other words bought out /payed off. See you Bye Bye!

 

CEO's change for many reason's.

[Deptacon]

people on this board seem fascinated in what other people are paid.

 

Not to turn this into politics, but its not half this board, its half the United States that seem fasicated and are concerend about what other people make.

[chengkp75]

That's actually about the norm for a company the size of NCL these days, for a "golden parachute". Even for CEO's who have driven their companies into bankruptcy, they get millions in guaranteed severance, agreed to years before, typically when hired.

[jd1966]

Does that include gratuities???:D:D:D:D:D

[SuiteCruiser]

I understand that "He was resigned" that's when they let you resign as they're escorting you out.

[FreestyleNovice]

OP was just showing article.

 

Thanks :)

[sparks1093]

You don't normally get a severance package when leaving of your own volition.

 

A lot depends on your contract. It's not unheard of for CEO's to negotiate a "no fault" severance package for themselves (I don't think that is the case in Sheehan's case though).

[insidecabin]

$1 a day on every cruise berth for a year.

 

That's what is cost.