NCLH Board Shakeup and Bonuses,Binder Not Named Executive Will This Affect Oceania?

[rallydave]

http://www.seatrade-cruise.com/news/news-headlines/del-rio-s-nclh-compensation-swings-to-10-5m.html?utm_content=Del%20Rio%27s%20NCLH%20compensation%20swings%20to%20%2410.5m&utm_source=Email&utm_medium=Seatrade%20Cruise%20News&utm_contact=19900553&utm_term=Newsletter_Seatrade%20Cruise%20Weekly%20News&utm_campaign=134589

[njhorseman]

I don't see one word about a "board shakeup" in the article.

 

By definition "named officer" means the corporation's CEO and the four most highly compensated executive officers other than the CEO, so all we can say with certainty about Binder is that he was not among the four highest paid officers in the company. Binder wasn't a board member regardless, nor were any of the other named officers other than FDR.

Edited May 1, 2018 by njhorseman

[rallydave]

I don't see one word about a "board shakeup" in the article.

 

By definition "named officer" means the corporation's CEO and the four most highly compensated executive officers other than the CEO, so all we can say with certainty about Binder is that he was not among the four highest paid officers in the company. Binder wasn't a board member regardless, nor were any of the other named officers other than FDR.

 

Didn't you see the COB is leaving the board??

[njhorseman]

Didn't you see the COB is leaving the board??

 

I don't see one word about that in the article you cited. Nor do I see anything to that effect on the NCLH website.

Edited May 1, 2018 by njhorseman

[rallydave]

I don't see one word about that in the article you cited.

 

So sorry, posted the incorrect link. Here is the link about the board

 

http://www.seatrade-cruise.com/news/news-headlines/longtime-norwegian-cruise-line-holdings-chairman-will-step-down.html?utm_content=Longtime%20Norwegian%20Cruise%20Line%20Holdings%20chairman%20will%20step%20down&utm_source=Email&utm_medium=Seatrade%20Cruise%20News&utm_contact=19900553&utm_term=Newsletter_Seatrade%20Cruise%20Weekly%20News&utm_campaign=134589

[njhorseman]

So sorry, posted the incorrect link. Here is the link about the board

 

http://www.seatrade-cruise.com/news/news-headlines/longtime-norwegian-cruise-line-holdings-chairman-will-step-down.html?utm_content=Longtime%20Norwegian%20Cruise%20Line%20Holdings%20chairman%20will%20step%20down&utm_source=Email&utm_medium=Seatrade%20Cruise%20News&utm_contact=19900553&utm_term=Newsletter_Seatrade%20Cruise%20Weekly%20News&utm_campaign=134589

 

OK, but I still wouldn't call it a "shakeup". Revell is 82 years old, so you might expect him to step down sooner rather than later.

[TLCOhio]

So sorry, posted the incorrect link. Here is the link about the board

http://www.seatrade-cruise.com/news/news-headlines/longtime-norwegian-cruise-line-holdings-chairman-will-step-down.html?utm_content=Longtime%20Norwegian%20Cruise%20Line%20Holdings%20chairman%20will%20step%20down&utm_source=Email&utm_medium=Seatrade%20Cruise%20News&utm_contact=19900553&utm_term=Newsletter_Seatrade%20Cruise%20Weekly%20News&utm_campaign=134589

 

Appreciate this link and especially the follow-up comments. From my reading of this actual story and some added research, here is my take. It seems that the soon-to-be-retiring Board Chairman is now age 82 and has been on the NCL Board since 2005. It does not seem like any type of major management "shake-up". Just a normal "transition" as a Board member gets older and maybe is ready to "move on" with less worries/responsibilities. Plus, any major corporation must be planning and preparing for the future, seeking to have more Board diversity, etc. Seems fairly clear and simple to me. Not sure the headline of "Board Shake Up" fits and/or is totally accurate.

 

THANKS! Enjoy! Terry in Ohio

 

Enjoyed a 14-day, Jan. 20-Feb. 3, 2014, Sydney to Auckland adventure, getting a big sampling for the wonders of "down under” before and after this cruise. Go to:

http://boards.cruisecritic.com/showthread.php?t=1974139

for more info and many pictures of these amazing sights in this great part of the world. Now at 200,659 views for this posting.

[The A Train]

WOW, $10.9m.......that's a lot of spa vouchers:mad:!!!

[RJB]

WOW, $10.9m.......that's a lot of spa vouchers:mad:!!!

What are you talking about? Do not understand.

[Go-Bucks!]

Board Chairman is now age 82 and has been on the NCL Board since 2005.

Maybe he just wants to relax and cruise away his retirement?! ;)

[RJB]

Maybe he just wants to relax and cruise away his retirement?! ;)

Good for him. Seems to have done a fine job all the years he was here. Happy sailing. :):):)

[Cruise Junky]

An 82 year old leaves the board and you call that a shakeup? LOL.