Carnival Corp. CEO was paid $8.7 million last year

Posted on 10 February, 2015 by Spacejunkie2

Carnival Corp. president and CEO Arnold Donald received $8.7 million in compensation last year, an increase of 11% from 2013.

The cruise company’s 2014 net income rose 14.4% in 2014. Carnival’s stock price rose 12.8% over the year.

Donald earned a salary of $1 million, plus stock compensation worth $3.5 million, non-equity compensation plan remuneration of $3.9 million and $291,000 of other compensation, including private use of the corporate jet.

The five mostly highly paid executives at CarnivalCorp. earned a combined $32.7 million, including $6.5 million for Costa Group CEO Michael Thamm, $6.1 million for departed Carnival Cruise Lines president and CEO Gerry Cahill, $6.1 million for chief operations officer Alan Buckelew, and $5.2 million for CFO David Bernstein.

The information is contained in a statement filed with U.S. financial regulators in advance of the annual shareholders meeting, which is set for April 14 in London.

Carnival Vista to sail from Miami

Posted on 8 February, 2015 by Spacejunkie2

The Miami-Dade Board of County Commissioners approved a new lease for Carnival Corp. at Port Miami that stipulates the Carnival Vista will use the port after it is delivered next year.

The deal calls for Carnival Vista to sail from Port Miami for 24 months out of its first three years in service. Carnival had not previously disclosed where Vista would sail from after its inaugural series of cruises next summer in the Mediterranean.

Carnival’s newest ship, Carnival Breeze, currently sails from Miami. Its next most recent ship, Carnival Magic, debuted in Galveston, Texas, after a European summer launch.

Carnival: Agents didn’t get paid due to ‘glitch’

Posted on 6 February, 2015 by Spacejunkie2

Carnival Cruise Line has fixed a “glitch” in its system that prevented the payment of commissions and refunds, according to an email that Joni Rein, the line’s vice president of worldwide sales, sent to travel agents on Wednesday.

Commissions and refunds due Jan. 22 will be paid Friday, Feb. 6, along with commissions and refunds processed between Jan. 29 and Feb. 4, Carnival said. Commissions and payments due for the following week, Jan. 23 through Jan. 29, will be paid Friday, Feb. 13, along with the current week’s payments.

One agent said that Carnival was three weeks behind on paying commissions to her agency, and another said that Carnival had missed one week of payments to his agency.

An agent told Travel Weekly that Carnival didn’t know about the lapse until agencies began calling the cruise line. She said that she had to call the cruise line and her sales rep to get a response.

She said Carnival responded with two emails: one on Friday, Jan. 30, saying it was working “’round the clock” to fix the problem, the second on Monday, Feb. 2, saying that it was having trouble fixing the problem because of Wave season.

On Wednesday, the agency received the email from Rein. It was a mass email to travel professionals and included information on the updated payment schedule.

“We sincerely apologize for any inconvenience this may cause and thank you for your understanding,” Rein wrote in the email. “Most importantly, we thank you for your continued support.”