Total compensation for Carnival's other named officers included nearly $6.5m for Michael Thamm, ceo of the Costa Group, a large increase from less than $2.5m in 2013 due to a hefty rise in the value of stock awards and non-equity incentive compensation. Thamm's salary held steady at €700,000.
Gerry Cahill, president and ceo of Carnival Cruise Line, received $6.1m in total compensation, compared to $2.9m in 2013. His salary held flat at $798,000 but the value of stock awards and other non-equity incentive compensation increased substantially. Cahill retired effective Nov. 30 last year.
Alan Buckelew, chief operations officer, received total compensation valued at $6m, including a salary of $825,000, stock awards valued at $3.4m and other incentive compensation of more than $1.5m. 2014 was the first year Buckelew was a named officer.
CFO David Bernstein's total compensation was $5.2m, up from just under $2m in 2013. His salary increased to $675,000 from $595,000. The value of stock awards increased substantially, as did non-equity incentive pay.
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