CARNIVAL Corporation CEO Arnold Donald had his cash salary halved to US$857,313 during the pandemic, and he missed out on any bonus – but the deficit was more than made up for by awards of shares which took his total income to US$13.3 million.
The rebound in the Carnival share price meant his package was worth US$2 million more than 2019, despite nine months of no sailing leading to an overall US$10.2b annual loss for Carnival.
Corporate disclosures this week detailed payments to the company’s top five executives, also including former Holland America Group & Carnival UK CEO Stein Kruse, whose total income was valued at US$5.23 million including a reduced salary of $631,781.
Costa Group & Carnival Asia CEO Michael Thamm received US$5.17 million including $4.4m in stock awards, while the company’s CFO David Bernstein took home $526,902 plus US$3.68 million in Carnival shares.
Company secretary Arnie Perez was paid a salary of US$414,347 plus US$1.7 million in shares.