Royal Caribbean Chairman Fain Remains Highest Paid Cruise Executive

Royal Caribbean Chairman Richard Fain remains the highest paid executive in the cruise industry.  Mr. Fain is the highest paid cruise executive for the second year in a row. Mr. Fain was paid $13,343,413 last year (2017), an increase of nearly three million dollars, from $10,405,684 in 2016.  Royal Caribbean enjoyed a record earnings year in 2017. The Miami-based cruise line just reported strong first quarterly returns for 2018 – net income of $218,700.000 (million), revenues of $2,027,000,000 (billion) and passenger ticket revenues of $1,425,000,000 (billion).  Financial records also reveal that Mr. Fain sold 20,000 shares of RCL stock two weeks ago. In a transaction dated Friday, April 13th, he sold 17,500 shares of stock at an average price of $114.84, and 2,500 shares at an average price of $115.40 for a total transaction of nearly  $2,300,000.00. Following the sale, SEC records reflect that the chief executive officer now own 882,537 shares of the…

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