Royal Caribbean Cruises CEO Richard Fain's 2008 pay slips 14% to $5.8M
Royal Caribbean Cruises reports 2008 executive compensation
By ExecPay News
Published: April 10, 2009
Royal Caribbean Cruises reported fiscal year 2008 executive compensation information on April 10, 2009.
In 2008, five executives at Royal Caribbean Cruises received on average a compensation package of $2.8M, a 9% decrease compared to previous year.
Average pay of disclosed executives at Royal Caribbean Cruises
Richard D. Fain, Chief Executive Officer, received $5.8M in total, which decreased by 14% compared to 2007. 44% of Fain's compensation, or $2.6M, was in stock awards. Fain also received $1.4M in non-equity incentive plan, $657K in option awards, $1M in salary, as well as $126K in other compensation.
Adam M. Goldstein, Chief Executive Officer, received a compensation package of $3M, which increased by 9% compared to previous year. 39% of the compensation package, or $1.2M, was in non-equity incentive plan.
Daniel J. Hanrahan, Chief Executive Officer, earned $1.8M in 2008, a 13% decrease compared to previous year.
Brian J. Rice, Chief Financial Officer, received $1.8M in 2008, which decreases by 15% compared to 2007.
Harri U. Kulovaara, Executive Vice President, Maritime, earned $1.5M in 2008, a 5% decrease compared to previous year.
Related executives
Richard Fain
Royal Caribbean Cruises
Chief Executive Officer
Brian Rice
Royal Caribbean Cruises
Chief Financial Officer
Adam Goldstein
Royal Caribbean Cruises
Chief Executive Officer
Daniel Hanrahan
Royal Caribbean Cruises
Chief Executive Officer
Harri Kulovaara
Royal Caribbean Cruises
Executive Vice President, Maritime
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Source: SEC filing on April 10, 2009.