Royal Caribbean CEO Fain Takes Home $12 Million for 2020

Royal Caribbean Group Chairman and CEO Richard Fain saw total compensation of just over $12 million for the fiscal year 2020, according to a company SEC filing.

Fain saw his base salary cut by nearly 50 per cent, but made up for it with $11 million in stock awards.

Other company executives also had a good year, with CFO Jason Liberty seeing total compensation of $5.6 million, up from 2019.

Royal Caribbean International President and CEO Michael Bayley earned $7.4 million, also up from 2019.

The SEC filing noted that executives did forgo portions of their base salaries

The company said it wants to establish a mix of compensation components, including fixed and variable pay and short- and long-term incentives, that encourages "focus on both the short- and long-term interests of the company and its shareholders."

Of note, Carnival Corporation CEO Arnold Donald took home $11 million and Norwegian Cruise Line Holdings CEO Frank Del Rio saw compensation of $36.4 million.

Royal Caribbean Group Compensation Table:

Name and Principal Position	Fiscal Year	Salary ($)	Stock Awards ($)	One-Time Stock Awards	Non-Equity Incentive Plan Compensation	Change in Pension Value and NQDC Earnings	All Other Compensation	Total ($)
Richard D. Fain Chairman/CEO	2020	$645,000	$11,171,146		$3,042,000*	$154,879	$112,478	$12,083,503*
	2019	$1,276,923	$8,699,024		$4,006,080	$189,347	$187,545	$14,358,919
	2018	$1,100,000	$7,664,567		$3,500,000		$157,949	$12,422,715
	2017	$1,100,000	$7,661,433		$4,327,400	$99,493	$155,087	$13,343,413
	2016	$1,092,308	$6,441,770		$2,740,222		$131,384	$10,405,684
	2015	$1,038,462	$5,803,644		$2,426,667		$119,796	$9,388,569
	2014	$1,000,000	$3,673,186	$4,923,759	$2,246,222	$56,611	$114,100	$12,013,878
	2013	$1,000,000	$3,371,587		$2,083,629	$250,089	$127,858	$6,833,163
Jason T. Liberty CFO	2020	$818,798	$3,228,563		$1,411,938	$89,503	$100,429	$5,649,231
	2019	$788,462	$2,621,510		$1,731,002	$91,472	$113,674	$5,424,004
	2018	$788,462	$2,136,947		$1,685,523		$140,932	$4,751,864
	2017	$692,308	$1,700,547	$2,792,203	$1,521,533	$57,849	$125,806	$6,890,246
	2016	$592,308	$1,127,080		$798,217	$21,980	$88,478	$2,628,062
	2015	$511,538	$765,923		$655.175		$66,801	$1,999,437
	2014	$444,231	$519,248	$716.111	$508.197	$6,393	$79,563	$2,273,743
	2013	$380,019	$373,728		$364.324	$25,741	$77,676	$1,221,488
Michael W. Bayley President/CEO RCI	2020	$866,346	$4,943,887		$1,435,000	$74,355	$116,244	$7,435,832
	2019	$941,923​	$4,061,696		$1,803,361	$110,1190	$140,711	$7,057,881
	2018	$870,769	$3,086,742		$1,577,143		$187,432	$5,722,086
	2017	$792,308	$2,834,275	$2,792,203	$1,519,461	$121,223	$135,123	$8,194,593
	2016	$696,154	$1,784,470		$938,428	$11,630	$107,334	$3,866,773
	2015	$675,000	$1,436,142		$986,229		$115,934	$3,213,305
	2014	$598,846	$944,096	$1,909,604	$861,000	$15,897	$79,207	$4,408,650
	2013	$575,00	$770,630		$658,891	$67,786	$101,625	$2,173,932
Lisa Lutoff-Perlo President/CEO Celebrity	2020	$710,558	$2,719,084		$1,092,650	$130,177	$96,854	$4,749,323
	2019	$770,769	$2,278,490		$1,098,258	$140,211	$142,114	$4,429,842
	2018	$688,462	$1,786,762		$1,228,438		$136,520	$3,840,202
	2017	$596,154	$1,558,865	$1,861,505	$1,072,083	$64,609	$123,701	$5,276,917
	2016	$546,154	$1,033,167		$639,532		$92,045	$2,310,898
Harri Kulovaara EVP Maritime	2020	$803,846	$1,483,167		$830,250	$81,764	$107,746	$3,606,773
	2019	$761,923	$1,139,243		$870,446	$98,382	$102,335	$3,422,329
	2018	$692,308	$893,480	$924,236	$764,728		$109,262	$3,844,014

*Declined Non-Equity Incentive Plan Compensation of $3,042,000