They are Jason Liberty, EVP/CFO; Michael Bayley, president and CEO, Royal Caribbean International, and Lisa Lutoff-Perlo, president and CEO, Celebrity Cruises, who each elected to a 25% salary cut through Sept. 30.
These reductions were made in light of the negative financial and operational impacts resulting from the COVID-19 pandemic.
Directors' retainers reduced
As well, the RCL board of directors is giving up all cash retainers and fees payable for board and committee service, effective from today through Sept. 30.
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