HowardK Posted April 7, 2021 #1 Share Posted April 7, 2021 https://www.marketwatch.com/story/norwegian-cruise-ceos-total-pay-more-than-doubles-to-over-36-million-during-year-of-covid-11617816363?mod=mw_latestnews I am so relieved!!! Also I am glad he got a $20k allowance for a country club. Must be stressful raking in the millions, to think some of us had it rough in 2020. i.e. worrying about getting sick, taking care of relatives, getting our refunds. All of this while not paying employees who were stuck on board. Some CEO's would actually take their pay during this time and donate it to employees. 3 Link to comment Share on other sites More sharing options...
Rare ColeThornton Posted April 7, 2021 #2 Share Posted April 7, 2021 Good for him. If you are the Big Dog in a multi-billion dollar company it's not a big surprise that you get paid well. 2 Link to comment Share on other sites More sharing options...
oteixeira Posted April 7, 2021 #3 Share Posted April 7, 2021 That interview on mad money alone was worth it. Link to comment Share on other sites More sharing options...
CaptainHazelwood Posted April 7, 2021 #4 Share Posted April 7, 2021 I didn't fully understand the specifics, but it's important to remember that much of CEO compensation is based upon the business's prior year performance. If NCL had record profits in 2019, the CEO (and many other execs with variable compensation) would likely have received healthy bonuses in Spring 2020 (i.e. before Covid hit). That doesn't mean his compensation is "fair," but like the saying goes "it's business." 1 Link to comment Share on other sites More sharing options...
hamrag Posted April 7, 2021 #5 Share Posted April 7, 2021 3 hours ago, HowardK said: ....All of this while not paying employees who were stuck on board. Some CEO's would actually take their pay during this time and donate it to employees. Perhaps he did donate some, most, or even all of it....do you know for sure that he didn't? 😉 1 Link to comment Share on other sites More sharing options...
Rare BirdTravels Posted April 7, 2021 #6 Share Posted April 7, 2021 3 hours ago, HowardK said: https://www.marketwatch.com/story/norwegian-cruise-ceos-total-pay-more-than-doubles-to-over-36-million-during-year-of-covid-11617816363?mod=mw_latestnews I am so relieved!!! Also I am glad he got a $20k allowance for a country club. Must be stressful raking in the millions, to think some of us had it rough in 2020. i.e. worrying about getting sick, taking care of relatives, getting our refunds. All of this while not paying employees who were stuck on board. Some CEO's would actually take their pay during this time and donate it to employees. Well deserved. He is the leader of a multi billion dollar company. And deserves every penny. Same with any business. 2 Link to comment Share on other sites More sharing options...
david_sobe Posted April 9, 2021 #7 Share Posted April 9, 2021 At least we know where all our nickels and dimes are going. 4 Link to comment Share on other sites More sharing options...
HowardK Posted April 9, 2021 Author #8 Share Posted April 9, 2021 Just a hunch but if Kevin Sheenan was still running things I am sure he would have helped out the employees stranded on board and paid them and not charged them for items. Disgraceful what happened. I'm not saying FDR shouldn't have a nice compensation deal, but it seemed a little excessive considering the circumstances. 4 1 Link to comment Share on other sites More sharing options...
CaptainHazelwood Posted April 9, 2021 #9 Share Posted April 9, 2021 10 minutes ago, Heymarco said: Would you still agree if NCL ends up going bankrupt and can’t refund all the cruise deposits? 🤷♂️ NCL doesn't have to refund deposits if you use a credit card. The CC company will and then it's up to them to sue for compensation. Maybe we'll be sailing on the Pride of VISA in a year or two? 😁 1 2 Link to comment Share on other sites More sharing options...
Rare BirdTravels Posted April 10, 2021 #10 Share Posted April 10, 2021 14 hours ago, Heymarco said: Would you still agree if NCL ends up going bankrupt and can’t refund all the cruise deposits? 🤷♂️ Reality check. Every major US airline has declared bankruptcy over the last couple of decade. Every reservation was honored. You need a leader to avoid bankruptcy, and you won’t get one for $50K a year. 2 Link to comment Share on other sites More sharing options...
Steff79 Posted April 10, 2021 #11 Share Posted April 10, 2021 https://www.seatrade-cruise.com/news/fain-forgoes-salary-other-rcl-executives-take-pay-cuts 1 Link to comment Share on other sites More sharing options...
Gershep Posted April 10, 2021 #12 Share Posted April 10, 2021 The rich keep getting richer Link to comment Share on other sites More sharing options...
Two Wheels Only Posted April 10, 2021 #13 Share Posted April 10, 2021 16 minutes ago, Steff79 said: https://www.seatrade-cruise.com/news/fain-forgoes-salary-other-rcl-executives-take-pay-cuts "Royal Caribbean Chairman and CEO Richard Fain agreed to give up his base salary — $1.1m in recent years — and other senior executives are taking pay cuts." Fain kept the remaining $13M of his compensation....he'll be fine. 🤑 1 Link to comment Share on other sites More sharing options...
Steff79 Posted April 10, 2021 #14 Share Posted April 10, 2021 (edited) 30 M - 13 M - do the Maths i think the 13 M are from 2019, didn´t found his income 2020, you? Edited April 10, 2021 by Steff79 Link to comment Share on other sites More sharing options...
Rare ziggyuk Posted April 10, 2021 #15 Share Posted April 10, 2021 37 minutes ago, Heymarco said: Google Thomas Cook. Not a US business, Thomas Cook is a UK business where being bankrupt is very different thing. 2 Link to comment Share on other sites More sharing options...
Rare BoozinCroozin Posted April 11, 2021 #16 Share Posted April 11, 2021 This is every CEO in the US. What are you really upset about? 1 Link to comment Share on other sites More sharing options...
Rare graphicguy Posted April 11, 2021 #17 Share Posted April 11, 2021 I’m not an FDR fan, by any stretch. But frankly, the guy kept NCL afloat (pun intended) while keeping the most valuable assets of the company intact and managed the company through the most trying events in the cruise industry’s history (short of the Titanic sinking). And now, has managed to find a way forward to sail again, with little in the way of any governmental help, in any worldwide geographic area. I’d say his job has been harder in the last 18 months than at any time in the company’s history! Good for him! 1 Link to comment Share on other sites More sharing options...
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