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RCL outlines compensation for Goldstein in new roleRCL outlines compensation for Goldstein in new role

With Adam Goldstein transitioning from president and COO of Royal Caribbean Cruises Ltd. to vice chairman, effective May 16, the company outlined his new compensation in a filing.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

May 11, 2018

1 Min Read
Credit: Seatrade Cruise News

For the balance of 2018, Goldstein's base compensation will be $500,000 per annum, and thereafter will be $250,000 per annum. For 2018, he will receive a bonus prorated for the period he served as president and COO. Thereafter, he will not receive a bonus, according to the new terms.

He'll retain equity and long-term incentive awards held as of May 15.

Should Goldstein's employment be terminated 'without cause' on or before Feb. 28, 2019, he will be entitled to a $4m payment.

2017 compensation $6.7m

During 2017, Goldstein's total compensation was valued at $6.7m, up from $4m in 2016. A good chunk of the increase was nearly $1.9m in one-time stock awards.

Goldstein's 2017 salary was $848,000. On-cycle stock awards were valued at nearly $1.9m and non-equity incentive compensation topped $1.9m.

Goldstein has served as president and COO since 2014. As vice chairman he will continue to spearhead RCL’s global government relations and destination development efforts, and to represent the company in industry associations.

He'll also continue reporting to chairman and CEO Richard Fain.

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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