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RCL chief Fain's compensation rises to $10.4m

The value of Richard Fain's compensation rose to $10.4m, up from $9.4m in 2015 The value of Richard Fain's compensation rose to $10.4m, up from $9.4m in 2015

Royal Caribbean Cruises Ltd. chairman and ceo Richard Fain's 2016 compensation rose to a total of $10.4m, up from $9.4m in 2015.

This included a salary of nearly $1.1m, stock awards valued at $6.4m and $2.7m in non-equity incentive compensation. $131,400 in other compensation included life insurance, retirement plans and benefit payouts.

Adam Goldstein, president and chief operating officer, received compensation valued at $4m, up from $3.8m. His salary was $823,000. Stock awards were valued at nearly $1.8m and non-equity incentive compensation was more than $1.3m, with other compensation of $103,200.

Michael Bayley, president and ceo of Royal Caribbean International, had compensation worth more than $3.8m, up from $3.2m. His salary was $696,000, stock awards were worth $2.1m, and he received non-equity incentive compensation of $938,000. Other compensation was $107,000.

CFO Jason Liberty received compensation valued at $2.6m, up from $2m. His salary was $592,000, stock awards were valued at $1.1m and his non-equity incentive compensation was $798,000, while other compensation was $88,500.

Compensation for Lisa Lutoff-Perlo, president and ceo of Celebrity Cruises, who became a named officer for the first time last year, was $2.3m. Her salary was $546,000, stock awards were valued at $1m and her non-equity incentive compensation was $640,000. Lutoff-Perlo also received $92,000 in other compensation.

The executive compensation was outlined in a proxy ahead of RCL's annual shareholders meeting, scheduled for May 22 in Miami.

Other matters for consideration at the meeting include the re-election of the company's 12 directors.

Posted 20 April 2017

© Copyright 2017 Seatrade UBM (UK) Ltd. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade UBM (UK) Ltd.

Anne Kalosh

US editor of Seatrade Cruise Review and Seatrade Cruise News

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