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Richard Fain - compensation rose to $12m from $6.8m in 2013

Royal Caribbean ceo's 2014 compensation rose to $12m

Chairman and ceo Richard Fain's 2014 compensation totaled $12m, up from $6.8m, according to a Royal Caribbean Cruises Ltd. proxy. That included a $1m salary, $2.2m bonus, one-time stock awards valued at $4.9m, on-cycle stock awards worth nearly $3.7m and smaller amounts for life insurance, retirement plans and other compensation.

Adam Goldstein, president and chief operating officer of Royal Caribbean Cruises Ltd., received $5m in compensation, up from $3.4m in 2013. His salary was $797,000. He also got a bonus of nearly $1.3m, one-time stock awards valued at more than $1.4m, on-cycle stock awards worth nearly $1.4m and other compensation including a $15,000 auto lease and $12,000 for perks like discounts on company cruises and executive physicals.

Michael Bayley, president and ceo of Royal Caribbean International, had compensation of $4.4m, up from less than $2.2m in 2013. His salary was nearly $599,000 and bonus was $861,000. One-time stock awards were valued at $1.9m, while on-cycle stock awards were worth $944,000. Other compensation included a $17,000 car lease.

The compensation for Harri Kulovaara, corporate evp maritime, totaled nearly $2.9m, up from $1.8m in 2013. His salary was $534,000, and bonus totaled nearly $783,000 including $300,000 in recognition of his efforts with the company's newbuild program. Kulovaara also received one-time stock awards valued at $955,000 and on-cycle stock awards worth $490,000. Other compensation included nearly $14,000 for a car lease.

The compensation for the company's fifth 'named' officer, cfo Jason Liberty, rose to nearly $2.3m, up from $1.2m. His salary was $444,000, bonus was $508,000 and one-time stock awards were valued at $716,000 while on-cycle stock awards were worth $519,000. Other compensation included a $14,000 car lease and $24,600 for perks like discounts on company cruises and executive physicals.

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