Carnival CEO Arnold Donald's 2020 pay rises 19% to $13M
Carnival reports 2020 executive compensation
By ExecPay News
Published: March 11, 2021
Carnival reported fiscal year 2020 executive compensation information on March 11, 2021.
In 2020, five Carnival executives received on average a compensation package of $6.1M, a 16% increase compared to previous year.
Average pay of disclosed executives at Carnival
Arnold W. Donald, Chief Executive Officer, received $13M in total, which increased by 19% compared to 2019. 92% of Donald's compensation, or $12M, was in stock awards. Donald also received $857K in salary and $220K in other compensation.
For fiscal year 2020, the median employee pay was $27,151 at Carnival. Therefore, the ratio of Arnold W. Donald's pay to the median employee pay was 490 to one.
Stein Kruse, Chief Executive Officer, received a compensation package of $5.2M, which increased by 27% compared to previous year. 87% of the compensation package, or $4.5M, was in stock awards.
Michael Thamm, Chief Executive Officer, earned $5.2M in 2020, which is about the same as previous year.
David Bernstein, Chief Financial Officer, received $4.4M in 2020, which increases by 17% compared to 2019.
Arnaldo Perez, General Counsel, earned $2.3M in 2020, a 12% increase compared to previous year.
Carnival's fiscal year ends on November 30.
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Source: SEC filing on March 11, 2021.