Carnival CEO Arnold Donald's 2019 pay slips 17% to $11M
Carnival reports 2019 executive compensation
By ExecPay News
Published: February 26, 2020
Carnival reported fiscal year 2019 executive compensation information on February 26, 2020.
In 2019, five Carnival executives received on average a compensation package of $5.3M, a 16% decrease compared to previous year.
Average pay of disclosed executives at Carnival
Arnold W. Donald, Chief Executive Officer, received $11M in total, which decreased by 17% compared to 2018. 64% of Donald's compensation, or $7.1M, was in stock awards. Donald also received $2.3M in non-equity incentive plan, $1.5M in salary, as well as $288K in other compensation.
For fiscal year 2019, the median employee pay was $15,429 at Carnival. Therefore, the ratio of Arnold W. Donald's pay to the median employee pay was 723 to one.
Michael Thamm, Chief Executive Officer, received a compensation package of $5.2M, which decreased by 2% compared to previous year. 63% of the compensation package, or $3.3M, was in stock awards.
Stein Kruse, Chief Executive Officer, earned $4.1M in 2019, a 25% decrease compared to previous year.
David Bernstein, Chief Financial Officer, received $3.8M in 2019, which decreases by 17% compared to 2018.
Arnaldo Perez, General Counsel, earned $2.1M in 2019, a 14% decrease compared to previous year.
Carnival's fiscal year ends on November 30.
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Source: SEC filing on February 26, 2020.