Global companies cut CEOs slack for lousy results during pandemic
Norwegian Cruise Line exemplifies the corporate culture of rewards for failure
05 May 2021 - 18:02
Oslo — Norwegian Cruise Line called 2020 its “most challenging year”. The company lost $4bn, or half a decade’s worth of profit. Shares dropped 56%. Thousands of crew members lost their livelihoods.
But CEO Frank Del Rio did just great. He collected his biggest pay package: $36.4m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.