Mikel1733 Posted February 9, 2008 #1 Share Posted February 9, 2008 Things are still good for those at the top of the food chain. http://biz.yahoo.com/ap/080208/carnival_corp_executive_compensation.html?.v=1 Link to comment Share on other sites More sharing options...
Molly BPOE Posted February 9, 2008 #2 Share Posted February 9, 2008 Things that make you go.....hmmmmmm:cool: Link to comment Share on other sites More sharing options...
firefly333 Posted February 9, 2008 #3 Share Posted February 9, 2008 Things are still good for those at the top of the food chain. http://biz.yahoo.com/ap/080208/carnival_corp_executive_compensation.html?.v=1 Most companies, including carnival didnt get hurt until the 4th qtr. I wouldnt say that fuel wasnt a problem for ALL of 2007 because of the compensation package? In December, the company said its fiscal fourth-quarter profit fell 14 percent, hurt by higher fuel prices and other expenses, but results beat analysts' expectations. Link to comment Share on other sites More sharing options...
Mikel1733 Posted February 9, 2008 Author #4 Share Posted February 9, 2008 Most companies, including carnival didnt get hurt until the 4th qtr. I wouldnt say that fuel wasnt a problem for ALL of 2007 because of the compensation package? . Hmmm....gasoline prices for the rest of us were high all year. I'm not aware of any way that the average joe blow can hedge his yearly gasoline purchases. I do know that Corporations have the ability to hedge fuel well into the future on the markets. Glad they did that. Micky's pay package goes up 33% and the rest of us pay fuel surcharges. Link to comment Share on other sites More sharing options...
firefly333 Posted February 9, 2008 #5 Share Posted February 9, 2008 Hmmm....gasoline prices for the rest of us were high all year. I'm not aware of any way that the average joe blow can hedge his yearly gasoline purchases. I do know that Corporations have the ability to hedge fuel well into the future on the markets. Glad they did that. Micky's pay package goes up 33% and the rest of us pay fuel surcharges. Actually, according to the analysts Carnival does not hedge but RCL does. I do think that oil prices spiked 4th qtr more than the rest of the year. Come on. I know you are proving a point about that they sure paid the hired help well, and maybe being sarcastic about fuel prices. Link to comment Share on other sites More sharing options...
GoinCruisin Posted February 9, 2008 #6 Share Posted February 9, 2008 Hmmm....gasoline prices for the rest of us were high all year. I'm not aware of any way that the average joe blow can hedge his yearly gasoline purchases. I do know that Corporations have the ability to hedge fuel well into the future on the markets. Glad they did that. Micky's pay package goes up 33% and the rest of us pay fuel surcharges. They are in business to make money... they pass the extra costs onto the consumer, that's normal business. In my business I am not going to take a loss just so the consumer is not inconvenienced, that would be a bad business move. 14% is significant to a company this size. The fuel surcharge has nothing to do with what the company pays it's executives... it's a charge that all cruiselines are passing onto their customers. Same thing with airlines, Fedex, UPS, etc. I certainly don't squabble over what a CEO of a large corporation like that makes, if anything, I'm certainly jealous that my business isn't in the same position :p I'm all for businesses making money, that is what keeps this country running. Link to comment Share on other sites More sharing options...
Mikel1733 Posted February 9, 2008 Author #7 Share Posted February 9, 2008 Actually, according to the analysts Carnival does not hedge but RCL does. I do think that oil prices spiked 4th qtr more than the rest of the year. Come on. I know you are proving a point about that they sure paid the hired help well, and maybe being sarcastic about fuel prices. I'm not being sarcastic......I'm being realistic firefly. Why reward a seasoned CEO with a 33% increase in pay and then turn around and stick it to customers. Was the fuel surcharge really necessary if the executives of the corporation were on the ball? Link to comment Share on other sites More sharing options...
Mikel1733 Posted February 9, 2008 Author #8 Share Posted February 9, 2008 They are in business to make money... And that they do. Link to comment Share on other sites More sharing options...
GoinCruisin Posted February 9, 2008 #9 Share Posted February 9, 2008 And that they do. As they should... it would make for some very unhappy stockholders if they didn't :p A business wouldn't be a very good business if it didn't :D Link to comment Share on other sites More sharing options...
GoinCruisin Posted February 9, 2008 #10 Share Posted February 9, 2008 I have to ask... if people are so upset about the fuel surcharge, why continue to cruise? Why not choose a different vacation? There just seems to be so much griping about the fuel surcharge, yet people continue to post here, so obviously they are continuing to cruise... I don't get it. If I didn't want to pay the surcharge Fedex charges, i wouldn't ship Fedex... If I don't want to pay the extra baggage fee on an airline, I will choose an airline that doesn't have a charge or pack less, or I'll find another way to get there. We all have choices... Link to comment Share on other sites More sharing options...
Mikel1733 Posted February 9, 2008 Author #11 Share Posted February 9, 2008 As they should... it would make for some very unhappy stockholders if they didn't :p A business wouldn't be a very good business if it didn't :D I don't want to speak for shareholders.....but check out the stock price. It reflects the performance of management. Link to comment Share on other sites More sharing options...
Mikel1733 Posted February 9, 2008 Author #12 Share Posted February 9, 2008 I have to ask... if people are so upset about the fuel surcharge, why continue to cruise? Why not choose a different vacation? There just seems to be so much griping about the fuel surcharge, yet people continue to post here, so obviously they are continuing to cruise... I don't get it. If I didn't want to pay the surcharge Fedex charges, i wouldn't ship Fedex... If I don't want to pay the extra baggage fee on an airline, I will choose an airline that doesn't have a charge or pack less, or I'll find another way to get there. We all have choices... I've never said I'm against the fuel surcharge. I totally understand that fuel prices have gone out of control. Whats not to understand if you drive a car for the past few years? When you ask your customers to share the pain............why then GC do you pay the CEO a 33% increase. Do you think Mickey is going to jump ship and go to RCCL if you don't pay him? If nothing else it just doesn't look good to customers. IMHO But then if you really don't care about your customers does it matter Link to comment Share on other sites More sharing options...
GoinCruisin Posted February 9, 2008 #13 Share Posted February 9, 2008 I don't want to speak for shareholders.....but check out the stock price. It reflects the performance of management. You don't think it is a direct reflection of what happens to a "luxury item" at the beginning of a recession? :confused: Link to comment Share on other sites More sharing options...
GoinCruisin Posted February 9, 2008 #14 Share Posted February 9, 2008 http://www.expertcruiser.com/blog/cruise-stocks-sink-on-recession-fears/ Link to comment Share on other sites More sharing options...
Mikel1733 Posted February 9, 2008 Author #15 Share Posted February 9, 2008 According to Forbes Mickey is the 94th most wealthy individual in the world with a net worth of 6.1 billion dollars. He could have taken a pass on the measly 33% increase if for no other reason than he didn't need it and it would help in the public relations of Carnival. But no big deal I guess. Link to comment Share on other sites More sharing options...
Mikel1733 Posted February 9, 2008 Author #16 Share Posted February 9, 2008 Cruise stocks sink on recession fears Seatrade . never mind Link to comment Share on other sites More sharing options...
GoinCruisin Posted February 9, 2008 #17 Share Posted February 9, 2008 Pardon me, it is now corrected. Link to comment Share on other sites More sharing options...
Mikel1733 Posted February 9, 2008 Author #18 Share Posted February 9, 2008 Pardon me, it is now corrected. Don't get mad:) Link to comment Share on other sites More sharing options...
GoinCruisin Posted February 9, 2008 #19 Share Posted February 9, 2008 Don't get mad:) What part of my post would possibly make you think I was mad? I apologized and stated it had been corrected... you may want to correct yours now as well ;) Link to comment Share on other sites More sharing options...
Mikel1733 Posted February 9, 2008 Author #20 Share Posted February 9, 2008 What part of my post would possibly make you think I was mad? I apologized and stated it had been corrected... you may want to correct yours now as well ;) Good idea:) Link to comment Share on other sites More sharing options...
dan40 Posted February 9, 2008 #21 Share Posted February 9, 2008 Mickey got $7,200,000.00, And Carnival BANKED .........$2,410,000,000.00. So he was paid .00292 of the company's profit. Thats just under 3 tenths of a single percentage point. He was paid an awful lot of money, but thats not a greedy bite of the pie. How much did fuel hurt them for the year????????????? Dan Link to comment Share on other sites More sharing options...
ray98 Posted February 9, 2008 #22 Share Posted February 9, 2008 I really do not see how the two are related. Carnival did what any smart business does...instead of taking greater losses they increased the price. In the end the sucess of the business for the year depends on much more than a fuel surcharge decision. Link to comment Share on other sites More sharing options...
jakesplace Posted February 9, 2008 #23 Share Posted February 9, 2008 Mickeys compenstion was from the Carnival Corp. which is the parent company to several crusie lines. it was not just carnival cruise lines which paid him. Plus he is the owner and Ceo of Carnival Corp. he also owns the NBA Miami Heat basketball team. Link to comment Share on other sites More sharing options...
Legend Posted February 9, 2008 #24 Share Posted February 9, 2008 Did anyone even remember that he donated his entire $2.4 million bonus to tsunami relief, the year it happened? Link to comment Share on other sites More sharing options...
MrPete Posted February 9, 2008 #25 Share Posted February 9, 2008 I'm just reading a bunch of jealousy here. I don't plan my vacations around the income of others. Real money would blow most folks away. Link to comment Share on other sites More sharing options...
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