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Carnival CEO Donald's compensation dips to $11m

Arnold Donald.jpg
Arnold Donald's non-equity compensation of just under $2.3m was down from $4.7m in 2018
Arnold Donald, president and CEO of Carnival Corp. & plc, received compensation valued at $11m in 2019, down from $13.5m the year before.

Donald's salary stayed steady at $1.5m, and the value of his stock awards was consistent at more than $7m. His non-equity compensation of just under $2.3m was down from $4.7m in 2018. In other compensation of $288,400, the biggest single item was for personal use of the company's aircraft.

Michael Thamm

Michael Thamm, CEO of the Costa Group and Carnival Asia, was the second best compensated executive, with $5.2m, as in 2018. Paid in euros, Thamm's salary in dollars was 963,480. The value of his stock awards went up to nearly $3.3m from $2.4m, and non-equity incentive compensation was $475,000, down from more than $1.7m. Other compensation was $477,000.

Stein Kruse

For Stein Kruse, group CEO, Holland America Group and Carnival UK, total compensation was $4.1m, down from $5.5m. His salary held at $925,000, while stock awards were worth $2.6m, compared to $2.7m in 2018. Non-equity incentive compensation was $565,200, down from $1.8m, and Kruse received $84,000 in other compensation.

David Bernstein

CFO and chief accounting officer David Bernstein's total package was nearly $3.8m, down from $4.5m. Stock awards were valued at just under $2m. His salary was $750,000. Non-equity incentive compensation $750,000, down from nearly $1.6m. Other compensation was $292,500.

Arnaldo Perez

Total compensation for Arnaldo Perez, general counsel and secretary, was $2m, down from $2.4m, including a $450,00 salary, stock awards valued at $1m, non-equity incentive compensation of $337,500 and other compensation of $266,000..

Annual meeting and directors election

The executive compensation is in a proxy ahead of Carnival Corp. & plc's joint annual shareholders meetings, set for April 6 in Miami Beach.

Besides being asked to approve executive pay in an advisory vote, shareholders will consider the re-election of directors Donald, Micky Arison, Jason Glen Cahilly, Helen Deeble, Sir Jonathon Band, Dick Glasier, Katie Lahey, Sir John Parker, Stuart Subotnick, Laura Weil and Randall Weisenburger.

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